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NASDAQ:SRNESorrento Therapeutics Stock Price, Forecast & News

$4.95
-0.22 (-4.26 %)
(As of 05/28/2020 04:00 PM ET)
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Compare
Today's Range
$4.70
Now: $4.95
$5.16
50-Day Range
$2.27
MA: $3.33
$6.76
52-Week Range
$1.39
Now: $4.95
$10.00
Volume20.99 million shs
Average Volume17.75 million shs
Market Capitalization$1.04 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.69
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. The company also develops CD38 Directed chimeric antigen receptor T-cell therapy (CAR-T) for the treatment of multiple myeloma, as well as for amyloidosis and graft-versus-host diseases; carcinoembryonic antigen CAR-T cell therapy for the treatment of liver metastases of pancreatic cancer; and various human antibodies. Sorrento Therapeutics, Inc. was founded in 2006 and is based in San Diego, California.
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Sorrento Therapeutics logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars


Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:SRNE
CUSIPN/A
Phone858-203-4100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$31.43 million
Book Value$0.24 per share

Profitability

Net Income$-292,070,000.00
Net Margins-754.90%

Miscellaneous

Employees382
Market Cap$1.04 billion
Next Earnings Date6/3/2020 (Estimated)
OptionableOptionable

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Sorrento Therapeutics (NASDAQ:SRNE) Frequently Asked Questions

How has Sorrento Therapeutics' stock been impacted by COVID-19 (Coronavirus)?

Sorrento Therapeutics' stock was trading at $1.85 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SRNE shares have increased by 167.6% and is now trading at $4.95. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Sorrento Therapeutics' next earnings date?

Sorrento Therapeutics is scheduled to release its next quarterly earnings announcement on Wednesday, June 3rd 2020. View our earnings forecast for Sorrento Therapeutics.

How were Sorrento Therapeutics' earnings last quarter?

Sorrento Therapeutics Inc (NASDAQ:SRNE) posted its earnings results on Monday, March, 2nd. The biopharmaceutical company reported ($0.41) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.41). The biopharmaceutical company had revenue of $13.03 million for the quarter, compared to the consensus estimate of $7 million. Sorrento Therapeutics had a negative net margin of 754.90% and a negative return on equity of 638.51%. View Sorrento Therapeutics' earnings history.

What price target have analysts set for SRNE?

3 Wall Street analysts have issued 1-year target prices for Sorrento Therapeutics' shares. Their forecasts range from $21.00 to $24.00. On average, they anticipate Sorrento Therapeutics' share price to reach $23.00 in the next year. This suggests a possible upside of 364.6% from the stock's current price. View analysts' price targets for Sorrento Therapeutics.

Has Sorrento Therapeutics been receiving favorable news coverage?

Media headlines about SRNE stock have trended extremely positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by reviewing 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 closest to five being the most favorable. Sorrento Therapeutics earned a daily sentiment score of 4.7 on InfoTrie's scale. They also gave news headlines about the biopharmaceutical company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View the latest news aboutSorrento Therapeutics.

Who are some of Sorrento Therapeutics' key competitors?

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 NVIDIA (NVDA), Gilead Sciences (GILD), Advanced Micro Devices (AMD), Inovio Pharmaceuticals (INO), Alibaba Group (BABA), Novavax (NVAX), Amarin (AMRN), Micron Technology (MU), AbbVie (ABBV) and Opko Health (OPK).

Who are Sorrento Therapeutics' key executives?

Sorrento Therapeutics' management team includes the following 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

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 BlackRock Inc. (4.85%), Cormorant Asset Management LP (2.38%), State Street Corp (1.27%), Geode Capital Management LLC (1.01%), Alliancebernstein L.P. (0.37%) and Nuveen Asset Management LLC (0.28%). Company insiders that own Sorrento Therapeutics stock include Abg Management Ltd and Robin L Smith. 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 Morgan Stanley, Squarepoint Ops LLC, Wells Fargo & Company MN, UBS Group AG, Rathbone Brothers plc, Virtus ETF Advisers LLC, Invesco Ltd., and Legal & General Group Plc. View insider buying and selling activity for Sorrento Therapeutics.

Which major investors are buying Sorrento Therapeutics stock?

SRNE stock was purchased by a variety of institutional investors in the last quarter, including Cormorant Asset Management LP, Alliancebernstein L.P., JPMorgan Chase & Co., BlackRock Inc., Geode Capital Management LLC, SG Americas Securities LLC, Jane Street Group LLC, and AQR Capital Management LLC. View insider buying and selling activity 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 $4.95.

How big of a company is Sorrento Therapeutics?

Sorrento Therapeutics has a market capitalization of $1.04 billion and generates $31.43 million in revenue each year. The biopharmaceutical company earns $-292,070,000.00 in net income (profit) each year or ($2.12) on an earnings per share basis. Sorrento Therapeutics employs 382 workers across the globe.

What is Sorrento Therapeutics' official website?

The official website for Sorrento Therapeutics is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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