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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
On outskirts of Doha, laborers watch World Cup they built
See how to make money instead of spending it on Black Friday with this offer (Ad)
Biden eases Venezuela sanctions as opposition talks resume
Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
On outskirts of Doha, laborers watch World Cup they built
See how to make money instead of spending it on Black Friday with this offer (Ad)
Biden eases Venezuela sanctions as opposition talks resume
Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
On outskirts of Doha, laborers watch World Cup they built
See how to make money instead of spending it on Black Friday with this offer (Ad)
Biden eases Venezuela sanctions as opposition talks resume
Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)

Sorrento Therapeutics - SRNE Stock Forecast, Price & News

$1.35
-0.03 (-2.17%)
(As of 11/25/2022 12:00 AM ET)
Add
Compare
Today's Range
$1.35
$1.40
50-Day Range
$1.34
$1.83
52-Week Range
$1.15
$6.53
Volume
2.03 million shs
Average Volume
7.34 million shs
Market Capitalization
$637.04 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.50

Sorrento Therapeutics MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
825.9% Upside
$12.50 Price Target
Short Interest
Bearish
12.74% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.01
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.18) to ($0.88) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Medical Sector

659th out of 1,044 stocks

Biological Products, Except Diagnostic Industry

110th out of 174 stocks

SRNE stock logo

About Sorrento Therapeutics (NASDAQ:SRNE) Stock

Sorrento Therapeutics, Inc., a clinical stage and commercial biopharmaceutical company, develops therapies for cancer, autoimmune, inflammatory, viral, and neurodegenerative diseases. It operates through two segments, Sorrento Therapeutics and Scilex. The company provides cancer therapeutic by leveraging its proprietary G-MAB antibody library and targeted delivery modalities, which include chimeric antigen receptor T-cell therapy (CAR-T), dimeric antigen receptor T-cell therapy, and antibody drug conjugate, as well as bispecific antibody approach; and Sofusa, a drug delivery technology that deliver biologic directly into the lymphatic system. Its clinical programs in development include anti-CD38 CAR-T therapy for the treatment of multiple myeloma, as well as for amyloidosis and graft versus host disease. The company develops resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for late stage cancer and osteoarthritis knee pain treatment; and ZTlido, a lidocaine delivery system for the treatment of postherpetic neuralgia. It engages in the development of SEMDEXA, an injectable viscous gel formulation, which is Phase III trial for the treatment of sciatica, a pathology of low back pain; SP-103, an investigational non-aqueous lidocaine topical system undergoing clinical development in chronic low back pain condition; and SP-104, a novel low-dose delayed-release naltrexone hydrochloride formulation for the treatment of fibromyalgia. It has collaboration with SmartPharm Therapeutics Inc. to develop gene-encoded antibody vaccine to protect against COVID-19; Celularity, Inc. for initiating Phase I/II clinical study, including up to 94 patients with COVID-19; Mount Sinai Health System to develop COVI-SHIELD, an antibody therapy targeting SARS-CoV-2 infection; and Mayo Clinic for Phase Ib pilot study using sofusa lymphatic drug delivery technology to deliver Ipilimumab in patient with melanoma. The company was founded in 2006 and is based in San Diego, California.

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SRNE Stock News Headlines

Sorrento Therapeutics: Q3 Earnings Snapshot
Sorrento Therapeutics: Down The Rabbit Hole
Why Sorrento Therapeutics Stock Is on the Rise Today
SRNE Sorrento Therapeutics, Inc.
Why Sorrento Therapeutics Stock Is Marching Higher Today
See More Headlines
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SRNE Company Calendar

Today
11/26/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/14/2023

Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:SRNE
Employees
799
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.50
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+825.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-428,330,000.00
Net Margins
-818.22%
Pretax Margin
-877.48%

Debt

Sales & Book Value

Annual Sales
$52.90 million
Book Value
$0.28 per share

Miscellaneous

Free Float
459,611,000
Market Cap
$637.04 million
Optionable
Optionable
Beta
2.18

Key Executives

  • Dr. Henry H. Ji Ph.D. (Age 58)
    Chairman, Pres & CEO
    Comp: $1.69M
  • Ms. Elizabeth Adkins Czerepak M.B.A. (Age 66)
    Exec. VP, CFO & Chief Bus. Officer
    Comp: $8.12k
  • Mr. Brian Cooley
    Sr. VP of Corp. Communications & Lymphatic Drug Devel. BU
  • Mr. William J. Farley B.Sc. (Age 66)
    VP of Sales & Bus. Devel.
  • Dr. Michael A. Royal (Age 68)
    SVP & Chief Medical Officer
  • Dr. Alexis Nahama D.V.M.
    Sr. VP of Neurotherapeutics BU
  • Dr. Mark R. Brunswick
    Sr. VP of Regulatory Affairs
  • Dr. Shawn Sahebi Ph.D.
    Sr. VP of Commercial Operations
  • Dr. Robert D. Allen Ph.D.
    Sr. VP of R&D
  • Dr. Xiao Xu M.D.
    Pres of ACEA













SRNE Stock - Frequently Asked Questions

Should I buy or sell Sorrento Therapeutics stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sorrento Therapeutics in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SRNE shares.
View SRNE analyst ratings
or view top-rated stocks.

What is Sorrento Therapeutics' stock price forecast for 2023?

2 Wall Street analysts have issued 1 year target prices for Sorrento Therapeutics' shares. Their SRNE share price forecasts range from $5.00 to $20.00. On average, they anticipate the company's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 825.9% from the stock's current price.
View analysts price targets for SRNE
or view top-rated stocks among Wall Street analysts.

How have SRNE shares performed in 2022?

Sorrento Therapeutics' stock was trading at $4.65 at the start of the year. Since then, SRNE stock has decreased by 71.0% and is now trading at $1.35.
View the best growth stocks for 2022 here
.

When is Sorrento Therapeutics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our SRNE earnings forecast
.

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 Inovio Pharmaceuticals (INO), Novavax (NVAX), Vaxart (VXRT), Advanced Micro Devices (AMD), Moderna (MRNA), NVIDIA (NVDA), ADMA Biologics (ADMA), Tesla (TSLA), Dynavax Technologies (DVAX) and NIO (NIO).

What is Sorrento Therapeutics' stock symbol?

Sorrento Therapeutics trades on the NASDAQ under the ticker symbol "SRNE."

Who are Sorrento Therapeutics' major shareholders?

Sorrento Therapeutics' stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (8.62%), BlackRock Inc. (7.24%), Vanguard Group Inc. (4.77%), Nuveen Asset Management LLC (0.45%), Barclays PLC (0.44%) and Bank of New York Mellon Corp (0.28%). Insiders that own company stock include Henry Ji, Kim Janda and Robin L Smith.
View institutional ownership trends
.

How do I buy shares of Sorrento Therapeutics?

Shares of SRNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sorrento Therapeutics' stock price today?

One share of SRNE stock can currently be purchased for approximately $1.35.

How much money does Sorrento Therapeutics make?

Sorrento Therapeutics (NASDAQ:SRNE) has a market capitalization of $637.04 million and generates $52.90 million in revenue each year.

How many employees does Sorrento Therapeutics have?

The company employs 799 workers across the globe.

How can I contact Sorrento Therapeutics?

Sorrento Therapeutics' mailing address is 4955 DIRECTORS PLACE, SAN DIEGO CA, 92121. The official website for the company is www.sorrentotherapeutics.com. The biopharmaceutical company can be reached via phone at (858) 203-4100, via email at investors@sorrentotherapeutics.com, or via fax at 858-210-3759.

This page (NASDAQ:SRNE) was last updated on 11/27/2022 by MarketBeat.com Staff