Attempting to Update NASDAQ:SRNE with AlphaVantage
Updated NASDAQ:SRNE with AlphaVantage to 3.38
Calculated RSI to 73.2919254658385
NASDAQ:SRNE - Stock Price, News, & Analysis for Sorrento Therapeutics

NASDAQ:SRNE - Sorrento Therapeutics Stock Price, News, & Analysis

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$3.38 -0.18 (-5.06 %)
(As of 10/22/2018 09:05 AM ET)
Previous Close$3.56
Today's Range$3.36 - $3.6582
52-Week Range$2.15 - $10.65
Volume1.16 million shs
Average Volume1.66 million shs
Market Capitalization$394.55 million
P/E Ratio26.00
Dividend YieldN/A
Beta2.2
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. The company is focusing on the development of chimeric antigen receptor (CAR)-based immunotherapies using autologous T-cells. It is developing CD38 Directed CAR-T, a cellular therapy used for the treatment of multiple myeloma, as well as for amyloidosis and graft-versus-host diseases; CD123 Directed CAR-T for the treatment of acute myelogenous leukemia; and human antibodies, including PD-1, PD-L1, CD38, CD123, CD47, c-MET, VEGFR2, CCR2, OX40, TIGIT, and CD137. The company is also developing intracellular targeting antibodies comprising STAT3, Mutant KRAS, MYC, p53, and TAU to modulate the evolution of cancer, inflammation, autoimmune diseases, diabetes, central nervous system diseases, cardiovascular diseases, and viral infections; and oncolytic viruses that infect and selectively multiply in and destroy tumor cells without damaging healthy tissue. In addition, 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. The company has a licensing agreement with Mabtech Limited to develop and commercialize multiple prespecified biosimilar and biobetter antibodies from based on Erbitux, Remicade, Xolair, and Simulect. Sorrento Therapeutics, Inc. was founded in 2006 and is based in San Diego, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Commercial physical research
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:SRNE
CUSIPN/A
Phone858-203-4100

Debt

Debt-to-Equity Ratio0.06
Current Ratio1.39
Quick Ratio1.39

Price-To-Earnings

Trailing P/E Ratio26.00
Forward P/E Ratio-2.41
P/E GrowthN/A

Sales & Book Value

Annual Sales$151.86 million
Price / Sales2.60
Cash Flow$0.2018 per share
Price / Cash16.75
Book Value$2.50 per share
Price / Book1.35

Profitability

EPS (Most Recent Fiscal Year)$0.13
Net Income$9.13 million
Net Margins-15.76%
Return on Equity-11.88%
Return on Assets-5.43%

Miscellaneous

Employees162
Outstanding Shares116,730,000
Market Cap$394.55 million

Sorrento Therapeutics (NASDAQ:SRNE) Frequently Asked Questions

What is Sorrento Therapeutics' stock symbol?

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

How were Sorrento Therapeutics' earnings last quarter?

Sorrento Therapeutics Inc (NASDAQ:SRNE) posted its earnings results on Thursday, August, 9th. The biopharmaceutical company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by $0.53. The biopharmaceutical company earned $3.91 million during the quarter, compared to analyst estimates of $3.28 million. Sorrento Therapeutics had a negative net margin of 15.76% and a negative return on equity of 11.88%. View Sorrento Therapeutics' Earnings History.

When is Sorrento Therapeutics' next earnings date?

Sorrento Therapeutics is scheduled to release their next quarterly earnings announcement on Thursday, November 8th 2018. View Earnings Estimates for Sorrento Therapeutics.

What price target have analysts set for SRNE?

3 equities research analysts have issued 1 year target prices for Sorrento Therapeutics' stock. Their predictions range from $9.00 to $40.00. On average, they expect Sorrento Therapeutics' share price to reach $21.0833 in the next twelve months. This suggests a possible upside of 523.8% 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.

Who are some of Sorrento Therapeutics' key competitors?

Who are Sorrento Therapeutics' key executives?

Sorrento Therapeutics' management team includes the folowing people:
  • Dr. Henry H. Ji, Co-Founder, Chairman, CEO & Pres (Age 54)
  • Mr. George K. Ng, Exec. VP, Chief Admin. Officer & Chief Legal Officer (Age 44)
  • Dr. Jerome Bernard Zeldis, Chief Medical Officer & Pres of Clinical Devel. (Age 68)
  • Mr. Jiong Shao M.B.A., CFA, Exec. VP & CFO (Age 50)
  • Dr. Alexis Nahama, VP of Corp. Devel.

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, Scottrade, Fidelity and Charles Schwab.

What is Sorrento Therapeutics' stock price today?

One share of SRNE stock can currently be purchased for approximately $3.38.

How big of a company is Sorrento Therapeutics?

Sorrento Therapeutics has a market capitalization of $394.55 million and generates $151.86 million in revenue each year. The biopharmaceutical company earns $9.13 million in net income (profit) each year or $0.13 on an earnings per share basis. Sorrento Therapeutics employs 162 workers across the globe.

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 investors@sorrentotherapeutics.com.


MarketBeat Community Rating for Sorrento Therapeutics (NASDAQ SRNE)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  389 (Vote Outperform)
Underperform Votes:  183 (Vote Underperform)
Total Votes:  572
MarketBeat'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 10/22/2018 by MarketBeat.com Staff

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