S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
NASDAQ:SRNE

Sorrento Therapeutics Stock Forecast, Price & News

$6.45
-0.11 (-1.68 %)
(As of 10/22/2021 12:00 AM ET)
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Today's Range
$6.29
$6.54
50-Day Range
$6.35
$9.32
52-Week Range
$5.17
$17.25
Volume3.92 million shs
Average Volume9.41 million shs
Market Capitalization$1.95 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.35
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
-626.43%

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$1.95 billion
Next Earnings Date
11/5/2021 (Estimated)
Optionable
Optionable

MarketRank

Overall MarketRank

1.99 out of 5 stars

Medical Sector

591st out of 1,359 stocks

Biological Products, Except Diagnostic Industry

94th out of 196 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 year. 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.

What stocks does MarketBeat like better than Sorrento Therapeutics?

Wall Street analysts have given Sorrento Therapeutics a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sorrento Therapeutics wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Sorrento Therapeutics' next earnings date?

Sorrento Therapeutics is scheduled to release its next quarterly earnings announcement on Friday, November 5th 2021.
View our earnings forecast for Sorrento Therapeutics
.

How were Sorrento Therapeutics' earnings last quarter?

Sorrento Therapeutics, Inc. (NASDAQ:SRNE) released its earnings results on Friday, August, 6th. The biopharmaceutical company reported ($0.33) EPS for the quarter, missing the Zacks' consensus estimate of ($0.20) by $0.13. The biopharmaceutical company earned $13.51 million during the quarter, compared to analyst estimates of $10.13 million. Sorrento Therapeutics had a negative trailing twelve-month return on equity of 142.79% and a negative net margin of 626.43%.
View Sorrento Therapeutics' earnings history
.

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. Since then, SRNE shares have increased by 248.6% and is now trading at $6.45.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for SRNE?

3 analysts have issued 1-year price targets for Sorrento Therapeutics' stock. Their forecasts range from $26.00 to $35.00. On average, they expect Sorrento Therapeutics' share price to reach $29.00 in the next year. This suggests a possible upside of 349.6% 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 a variety of retail and institutional investors. Top institutional shareholders include Donald L. Hagan LLC (0.01%), Strs Ohio (0.01%), GFG Capital LLC (0.01%), Kestra Advisory Services LLC (0.01%), IFG Advisory LLC (0.01%) and Stratos Wealth Partners LTD. (0.01%). Company insiders that own Sorrento Therapeutics stock include Kim Janda and Robin L Smith.
View institutional ownership trends for Sorrento Therapeutics
.

Which institutional investors are selling Sorrento Therapeutics stock?

SRNE stock was sold by a variety of institutional investors in the last quarter, including Stratos Wealth Partners LTD..
View insider buying and selling activity for Sorrento Therapeutics
or view top insider-selling stocks.

Which institutional investors are buying Sorrento Therapeutics stock?

SRNE stock was acquired by a variety of institutional investors in the last quarter, including Strs Ohio, GFG Capital LLC, IFG Advisory LLC, Kestra Advisory Services LLC, Wedbush Securities Inc., and Donald L. Hagan LLC.
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 $6.45.

How much money does Sorrento Therapeutics make?

Sorrento Therapeutics has a market capitalization of $1.95 billion and generates $39.99 million in revenue each year. The biopharmaceutical company earns $-298.46 million in net income (profit) each year or ($1.30) 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 or via email at [email protected].


This page was last updated on 10/24/2021 by MarketBeat.com Staff

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