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.
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Industry, Sector and Symbol
Industry Commercial physical research
Sub-IndustryN/A
SectorMedical
Phone858-203-4100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$21.19 million
Profitability
Miscellaneous
Employees382
Next Earnings Date11/8/2019 (Estimated)
OptionableOptionable
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 quarterly earnings data on Friday, August, 9th. The biopharmaceutical company reported ($0.39) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.40) by $0.01. The biopharmaceutical company earned $6.48 million during the quarter, compared to analyst estimates of $7.50 million. Sorrento Therapeutics had a negative return on equity of 119.51% and a negative net margin of 1,107.37%. View Sorrento Therapeutics' Earnings History.
When is Sorrento Therapeutics' next earnings date?
What price target have analysts set for SRNE?
4 Wall Street analysts have issued twelve-month price objectives for Sorrento Therapeutics' shares. Their predictions range from $10.00 to $30.00. On average, they expect Sorrento Therapeutics' stock price to reach $18.25 in the next twelve months. This suggests a possible upside of 1,092.8% from the stock's current price. View Analyst Price Targets for Sorrento Therapeutics.
What is the consensus analysts' recommendation for Sorrento Therapeutics?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sorrento Therapeutics in the last year. There are currently 4 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. " (10/15/2019)
- 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?
Headlines about SRNE stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sorrento Therapeutics earned a daily sentiment score of -1.5 on InfoTrie's scale. They also gave media headlines about the biopharmaceutical company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Sorrento Therapeutics.
Are investors shorting Sorrento Therapeutics?
Sorrento Therapeutics saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 12,630,000 shares, an increase of 10.1% from the August 30th total of 11,470,000 shares. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is presently 11.4 days. Currently, 13.3% of the company's stock are sold short. View Sorrento Therapeutics' Current Options Chain.
Who are some of Sorrento Therapeutics' key competitors?
Some companies that are related to Sorrento Therapeutics include Intrexon (XON), Auxly Cannabis Group (CBWTF), STARPHARMA HOLD/S (SPHRY), Luna Innovations (LUNA), Pieris Pharmaceuticals (PIRS), Eloxx Pharmaceuticals (ELOX), Anavex Life Sciences (AVXL), Bioanalytical Systems (BASI), HedgePath Pharmaceuticals (HPPI), BIOQUAL (BIOQ), Cleveland BioLabs (CBLI), Tenax Therapeutics (TENX), Vitality Biopharma (VBIO), US Stem Cell (USRM) and Protalex (PRTX).
What other stocks do shareholders of Sorrento Therapeutics own?
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
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 $1.53.
How big of a company is Sorrento Therapeutics?
Sorrento Therapeutics has a market capitalization of $204.27 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?
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)
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.
