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

Sign in or create an account to add this stock to your watchlist.
$5.35 +0.05 (+0.94 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$5.30
Today's Range$5.25 - $5.55
52-Week Range$1.50 - $10.65
Volume1.20 million shs
Average Volume2.71 million shs
Market Capitalization$630.35 million
P/E RatioN/A
Dividend YieldN/A
Beta2.28
Sorrento Therapeutics logoSorrento 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.

Receive SRNE News and Ratings via Email

Sign-up to receive the latest news and ratings for SRNE and its competitors with MarketBeat's FREE daily newsletter.

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 RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$151.85 million
Price / Sales4.11
Cash Flow$0.2235 per share
Price / Cash23.94
Book Value$2.50 per share
Price / Book2.14

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$9.13 million
Net Margins-15.77%
Return on Equity-12.47%
Return on Assets-5.70%

Miscellaneous

Employees162
Outstanding Shares116,730,000
Market Cap$630.35 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) released its earnings results on Monday, November, 16th. The biopharmaceutical company reported ($0.03) earnings per share (EPS) for the quarter. The biopharmaceutical company earned $1.10 million during the quarter, compared to the consensus estimate of $1.28 million. Sorrento Therapeutics had a negative net margin of 15.77% and a negative return on equity of 12.47%. View Sorrento Therapeutics' Earnings History.

When is Sorrento Therapeutics' next earnings date?

Sorrento Therapeutics is scheduled to release their next quarterly earnings announcement on Wednesday, August, 22nd 2018. View Earnings Estimates for Sorrento Therapeutics.

What price target have analysts set for SRNE?

3 equities research analysts have issued 1-year price targets for Sorrento Therapeutics' shares. Their forecasts range from $9.00 to $40.00. On average, they expect Sorrento Therapeutics' stock price to reach $21.0833 in the next year. This suggests a possible upside of 294.1% 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.

Are investors shorting Sorrento Therapeutics?

Sorrento Therapeutics saw a drop in short interest during the month of July. As of July 13th, there was short interest totalling 18,119,806 shares, a drop of 7.8% from the June 29th total of 19,659,939 shares. Based on an average daily trading volume, of 1,813,051 shares, the days-to-cover ratio is presently 10.0 days. Approximately 20.7% of the company's shares are sold short. View Sorrento Therapeutics' Current Options Chain.

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 CFA, Exec. VP & CFO (Age 50)
  • Dr. Alexis Nahama, VP of Corp. Devel.

Has Sorrento Therapeutics been receiving favorable news coverage?

Headlines about SRNE stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sorrento Therapeutics earned a news and rumor sentiment score of 0.14 on Accern's scale. They also gave media headlines about the biopharmaceutical company an impact score of 45.52 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for Sorrento Therapeutics.

Who are Sorrento Therapeutics' major shareholders?

Sorrento Therapeutics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.18%), Bank of America Corp DE (0.38%), Renaissance Technologies LLC (0.30%), Vident Investment Advisory LLC (0.29%), Bank of New York Mellon Corp (0.27%) and Millennium Management LLC (0.23%). Company insiders that own Sorrento Therapeutics stock include Abg Management Ltd, George K Ng, Henry Ji, Jaisim Shah, Jerome B Zeldis, Kevin Herde, Pacific Medtech (Bvi) Ltd Asia and Yue Alexander Wu. 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 Millennium Management LLC, Renaissance Technologies LLC, GSA Capital Partners LLP and Acadian Asset Management LLC. Company insiders that have sold Sorrento Therapeutics company stock in the last year include Abg Management Ltd and Pacific Medtech (Bvi) Ltd Asia. View Insider Buying and Selling 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 BlackRock Inc., Vident Investment Advisory LLC, Bank of America Corp DE, Bank of New York Mellon Corp, Schwab Charles Investment Management Inc., Integrated Wealth Concepts LLC, Swiss National Bank and State of Wisconsin Investment Board. Company insiders that have bought Sorrento Therapeutics stock in the last two years include Abg Management Ltd, George K Ng, Henry Ji, Jaisim Shah, Jerome B Zeldis, Kevin Herde and Yue Alexander Wu. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Sorrento Therapeutics' stock price today?

One share of SRNE stock can currently be purchased for approximately $5.35.

How big of a company is Sorrento Therapeutics?

Sorrento Therapeutics has a market capitalization of $630.35 million and generates $151.85 million in revenue each year. Sorrento Therapeutics employs 162 workers across the globe.

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)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  369 (Vote Outperform)
Underperform Votes:  165 (Vote Underperform)
Total Votes:  534
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 8/17/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.