NASDAQ:SRNE - Sorrento Therapeutics Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Sorrento Therapeutics Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $3.52 +0.26 (+7.98 %) (As of 12/6/2019 04:00 PM ET) Add Compare Today's Range$3.32Now: $3.52▼$3.5450-Day Range$1.47MA: $1.96▼$3.7352-Week Range$1.39Now: $3.52▼$6.50Volume4.45 million shsAverage Volume2.40 million shsMarket Capitalization$579.15 millionP/E RatioN/ADividend YieldN/ABeta2.7 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email Sorrento Therapeutics, Inc, a clinical stage biotechnology company, primarily engages in the discovery and development of therapies focused on oncology and the treatment of chronic cancer pain worldwide. It offers resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for the treatment of intractable pain treatment; and ZTlido, a lidocaine delivery system for the treatment of postherpetic neuralgia. Read More… Industry, Sector and Symbol Stock Exchange NASDAQ Industry Commercial physical research Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:SRNE Previous Symbol CUSIPN/A CIK850261 Webhttp://www.sorrentotherapeutics.com/ Phone858-203-4100Debt Debt-to-Equity Ratio43.15 Current Ratio0.60 Quick Ratio0.56Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$21.19 million Price / Sales27.33 Cash FlowN/A Price / Cash FlowN/A Book Value$1.70 per share Price / Book2.07Profitability EPS (Most Recent Fiscal Year)($1.92) Net Income$-203,540,000.00 Net Margins-1,101.69% Return on Equity-193.12% Return on Assets-31.37%Miscellaneous Employees382 Outstanding Shares164,532,000Market Cap$579.15 million Next Earnings Date3/20/2020 (Estimated) OptionableOptionable Receive SRNE News and Ratings via Email Sign-up to receive the latest news and ratings for SRNE and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:SRNE Rates by TradingView Sorrento Therapeutics (NASDAQ:SRNE) Frequently Asked Questions What is Sorrento Therapeutics' stock symbol? Sorrento Therapeutics trades on the NASDAQ under the ticker symbol "SRNE." When is Sorrento Therapeutics' next earnings date? Sorrento Therapeutics is scheduled to release their next quarterly earnings announcement on Friday, March 20th 2020. View Earnings Estimates for Sorrento Therapeutics. What price target have analysts set for SRNE? 3 brokers have issued twelve-month price targets for Sorrento Therapeutics' shares. Their forecasts range from $12.00 to $30.00. On average, they expect Sorrento Therapeutics' stock price to reach $21.00 in the next year. This suggests a possible upside of 496.6% from the stock's current price. View Analyst Price Targets for Sorrento Therapeutics. What is the consensus analysts' recommendation for Sorrento Therapeutics? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sorrento Therapeutics in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sorrento Therapeutics. What are Wall Street analysts saying about Sorrento Therapeutics stock? Here are some recent quotes from research analysts about Sorrento Therapeutics stock: 1. According to Zacks Investment Research, "Sorrento Therapeutics, Inc. is a biopharmaceutical company. It is focused primarily on the acquisition, discovery, development and commercialization of proprietary oncology therapeutics. The Company researches human therapeutic antibodies for the treatment of cancer, inflammation, metabolic disease and infectious disease. Sorrento Therapeutics, Inc. is based in San Diego, California. " (10/22/2019) 2. HC Wainwright analysts commented, "We ascribe a value of $5.5B based on a sum- of-the-parts approach, or a price per share of $30.00, assuming 183M projected fully-diluted shares outstanding as of mid-2020." (8/12/2019) Has Sorrento Therapeutics been receiving favorable news coverage? News headlines about SRNE stock have been trending extremely positive this week, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sorrento Therapeutics earned a news impact score of 4.1 on InfoTrie's scale. They also gave press coverage about the biopharmaceutical company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Sorrento Therapeutics. Who are some of Sorrento Therapeutics' key competitors? Some companies that are related to Sorrento Therapeutics include National Research (NRC), Intrexon (XON), STARPHARMA HOLD/S (SPHRY), Auxly Cannabis Group (CBWTF), Luna Innovations (LUNA), Eloxx Pharmaceuticals (ELOX), Pieris Pharmaceuticals (PIRS), Anavex Life Sciences (AVXL), Bioanalytical Systems (BASI), BIOQUAL (BIOQ), HedgePath Pharmaceuticals (HPPI), Tenax Therapeutics (TENX), Cleveland BioLabs (CBLI), Vitality Biopharma (VBIO) and US Stem Cell (USRM). What other stocks do shareholders of Sorrento Therapeutics own? Based on aggregate information from My MarketBeat watchlists, some companies that other Sorrento Therapeutics investors own include Novavax (NVAX), Synergy Pharmaceuticals (SGYP), Alibaba Group (BABA), Cara Therapeutics (CARA), Micron Technology (MU), NVIDIA (NVDA), Exelixis (EXEL), Canopy Growth (CGC), Amarin (AMRN) and Gilead Sciences (GILD). Who are Sorrento Therapeutics' key executives? Sorrento Therapeutics' management team includes the folowing people: Dr. Henry H. Ji, Co-Founder, Chairman, CEO & Pres (Age 55)Dr. Jerome Bernard Zeldis, Chief Medical Officer & Pres of Clinical Devel. (Age 69)Mr. George K. Ng, Corp. Sec. (Age 45)Mr. Jiong Shao M.B.A., CFA, Exec. VP & CFO (Age 51)Ms. Deborah H. Telman, Sr. VP & Gen. Counsel Who are Sorrento Therapeutics' major shareholders? Sorrento Therapeutics' stock is owned by a number of of retail and institutional investors. Top institutional investors include California State Teachers Retirement System (0.15%), Barclays PLC (0.07%), California Public Employees Retirement System (0.05%), Millennium Management LLC (0.03%), Metropolitan Life Insurance Co NY (0.01%) and Commonwealth Equity Services LLC (0.01%). Company insiders that own Sorrento Therapeutics stock include Abg Management Ltd, George K Ng and Pacific Medtech (Bvi) Ltd Asia. View Institutional Ownership Trends for Sorrento Therapeutics. Which major investors are selling Sorrento Therapeutics stock? SRNE stock was sold by a variety of institutional investors in the last quarter, including Metropolitan Life Insurance Co NY. View Insider Buying and Selling for Sorrento Therapeutics. Which major investors are buying Sorrento Therapeutics stock? SRNE stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, California Public Employees Retirement System, Barclays PLC, California State Teachers Retirement System, Tower Research Capital LLC TRC, SG Americas Securities LLC and Commonwealth Equity Services LLC. View Insider Buying and Selling for Sorrento Therapeutics. How do I buy shares of Sorrento Therapeutics? Shares of SRNE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab. What is Sorrento Therapeutics' stock price today? One share of SRNE stock can currently be purchased for approximately $3.52. How big of a company is Sorrento Therapeutics? Sorrento Therapeutics has a market capitalization of $579.15 million and generates $21.19 million in revenue each year. The biopharmaceutical company earns $-203,540,000.00 in net income (profit) each year or ($1.92) on an earnings per share basis. Sorrento Therapeutics employs 382 workers across the globe.View Additional Information About Sorrento Therapeutics. What is Sorrento Therapeutics' official website? The official website for Sorrento Therapeutics is http://www.sorrentotherapeutics.com/. How can I contact Sorrento Therapeutics? Sorrento Therapeutics' mailing address is 4955 DIRECTORS PLACE, SAN DIEGO CA, 92121. The biopharmaceutical company can be reached via phone at 858-203-4100 or via email at [email protected] MarketBeat Community Rating for Sorrento Therapeutics (NASDAQ SRNE)Community Ranking: 3.1 out of 5 ( )Outperform Votes: 486 (Vote Outperform)Underperform Votes: 287 (Vote Underperform)Total Votes: 773MarketBeat's community ratings are surveys of what our community members think about Sorrento Therapeutics and other stocks. Vote "Outperform" if you believe SRNE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SRNE will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 12/7/2019 by MarketBeat.com StaffFeatured Article: Why do company’s buyback their stock?
