S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
NASDAQ:SRNE

Sorrento Therapeutics Stock Forecast, Price & News

$4.56
+0.23 (+5.31%)
(As of 01/14/2022 04:00 PM ET)
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Today's Range
$4.23
$4.58
50-Day Range
$4.33
$6.57
52-Week Range
$4.23
$17.25
Volume
5.24 million shs
Average Volume
5.64 million shs
Market Capitalization
$1.40 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
2.17
30 days | 90 days | 365 days | Advanced Chart
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Sorrento Therapeutics logo

About Sorrento Therapeutics

Sorrento Therapeutics, Inc. engages in the research, development and manufacture of biopharmaceutical products. It focuses on therapies to treat specific stages in the evolution of cancer, from elimination, to equilibrium and escape which include biosimilars, immuno-oncology antibodies, cellular therapy, cell internalizing antibodies, and antibody drug conjugates. It operates through Sorrento Therapeutics and Scilex segments. The company was founded by Henry H. Ji in 1989 and is headquartered in San Diego, CA.

Headlines

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Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:SRNE
Employees
502
Year Founded
N/A

Sales & Book Value

Annual Sales
$39.99 million
Book Value
$0.54 per share

Profitability

Net Income
$-298.46 million
Net Margins
-692.36%
Pretax Margin
-687.11%

Debt

Price-To-Earnings

Miscellaneous

Free Float
296,227,000
Market Cap
$1.40 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/05/2021
Today
1/16/2022
Next Earnings (Estimated)
2/18/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.99 out of 5 stars

Medical Sector

625th out of 1,405 stocks

Biological Products, Except Diagnostic Industry

98th out of 202 stocks

Analyst Opinion: 3.5Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -












Sorrento Therapeutics (NASDAQ:SRNE) Frequently Asked Questions

Is Sorrento Therapeutics a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sorrento Therapeutics in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Sorrento Therapeutics stock.
View analyst ratings for Sorrento Therapeutics
or view top-rated stocks.

How has Sorrento Therapeutics' stock been impacted by Coronavirus?

Sorrento Therapeutics' stock was trading at $1.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SRNE shares have increased by 146.5% and is now trading at $4.56.
View which stocks have been most impacted by COVID-19
.

When is Sorrento Therapeutics' next earnings date?

Sorrento Therapeutics is scheduled to release its next quarterly earnings announcement on Friday, February 18th 2022.
View our earnings forecast for Sorrento Therapeutics
.

How were Sorrento Therapeutics' earnings last quarter?

Sorrento Therapeutics, Inc. (NASDAQ:SRNE) announced its quarterly earnings results on Friday, November, 5th. The biopharmaceutical company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.19. The biopharmaceutical company had revenue of $12.06 million for the quarter, compared to analysts' expectations of $10.21 million. Sorrento Therapeutics had a negative trailing twelve-month return on equity of 166.48% and a negative net margin of 692.36%.
View Sorrento Therapeutics' earnings history
.

What price target have analysts set for SRNE?

3 brokerages have issued twelve-month target prices for Sorrento Therapeutics' shares. Their forecasts range from $25.00 to $35.00. On average, they anticipate Sorrento Therapeutics' stock price to reach $28.67 in the next year. This suggests a possible upside of 528.7% from the stock's current price.
View analysts' price targets for Sorrento Therapeutics
or view top-rated stocks among Wall Street analysts.

Who are Sorrento Therapeutics' key executives?

Sorrento Therapeutics' management team includes the following people:
  • Henry H. Ji, Chairman, President & Chief Executive Officer
  • Stephen L Klincewicz, VP-Pharmacovigilance & Clinical Operations
  • Najjam Asghar, Chief Financial & Accounting Officer, SVP
  • Mike A. Royal, Chief Medical Officer
  • Alexis Nahama, Senior Vice President & Head-RTX Program

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 retail and institutional investors. Top institutional investors include Patriot Financial Group Insurance Agency LLC (0.03%), Wedbush Securities Inc. (0.01%) and Versant Capital Management Inc (0.00%). Company insiders that own Sorrento Therapeutics stock include Kim Janda and Robin L Smith.
View institutional ownership trends 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 Patriot Financial Group Insurance Agency LLC, Versant Capital Management Inc, and Wedbush Securities Inc..
View insider buying and selling activity for Sorrento Therapeutics
or or view top insider-buying stocks.

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 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 $4.56.

How much money does Sorrento Therapeutics make?

Sorrento Therapeutics has a market capitalization of $1.40 billion and generates $39.99 million in revenue each year. The biopharmaceutical company earns $-298.46 million in net income (profit) each year or ($1.23) on an earnings per share basis.

How many employees does Sorrento Therapeutics have?

Sorrento Therapeutics employs 502 workers across the globe.

What is Sorrento Therapeutics' official website?

The official website for Sorrento Therapeutics is www.sorrentotherapeutics.com.

Where are Sorrento Therapeutics' headquarters?

Sorrento Therapeutics is headquartered at 4955 DIRECTORS PLACE, SAN DIEGO CA, 92121.

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, via email at [email protected], or via fax at 858-210-3759.


This page was last updated on 1/16/2022 by MarketBeat.com Staff

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