NASDAQ:SRNE

Sorrento Therapeutics Stock Forecast, Price & News

$8.60
-0.07 (-0.81 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$8.39
$8.80
50-Day Range
$6.35
$9.46
52-Week Range
$4.76
$19.39
Volume6.37 million shs
Average Volume12.28 million shs
Market Capitalization$2.47 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.37
30 days | 90 days | 365 days | Advanced Chart
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Sorrento Therapeutics logo

About Sorrento Therapeutics

Sorrento Therapeutics, Inc., a clinical stage and commercial biopharmaceutical company, develops therapies for cancer, autoimmune, inflammatory, viral, and neurodegenerative diseases. It operates through two segments, Sorrento Therapeutics and Scilex. The company provides cancer therapeutics by leveraging its proprietary G-MAB antibody library and targeted delivery modalities, which include chimeric antigen receptor T-cell therapy (CAR-T), dimeric antigen receptor T-cell therapy, and antibody drug conjugates, as well as bispecific antibody approaches; and Sofusa, a drug delivery technology that delivers biologics directly into the lymphatic system. Its clinical programs in development include anti-CD38 CAR-T therapy for the treatment of multiple myeloma, as well as for amyloidosis and graft versus host diseases. The company also develops resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for late stage cancer and osteoarthritis knee pain treatment; and ZTlido, a lidocaine delivery system for the treatment of postherpetic neuralgia. In addition, it engages in the development of SEMDEXA, an injectable viscous gel formulation, which is Phase III trial for the treatment of sciatica, a pathology of low back pain; and SP-103, an investigational non-aqueous lidocaine topical system undergoing clinical development in chronic low back pain conditions. Additionally, the company has various collaborations with SmartPharm Therapeutics Inc. to develop gene-encoded antibody vaccine to protect against COVID-19; Celularity, Inc. for initiating Phase I/II clinical study, including up to 86 patients with COVID-19; Mount Sinai Health System to develop COVI-SHIELD, an antibody therapy targeting SARS-CoV-2 infection; Mayo Clinic for Phase Ib pilot study using sofusa lymphatic drug delivery technology to deliver Ipilimumab in patients with melanoma; and Karolinska Institutet. Sorrento Therapeutics, Inc. was founded in 2006 and is based in San Diego, California.

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MarketRank

Overall MarketRank

1.72 out of 5 stars

Medical Sector

275th out of 2,100 stocks

Biological Products, Except Diagnostic Industry

37th out of 198 stocks

Analyst Opinion: 3.5Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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Sorrento Therapeutics (NASDAQ:SRNE) Frequently Asked Questions

Is Sorrento Therapeutics a buy right now?

3 Wall Street 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 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 Tuesday, August 3rd 2021.
View our earnings forecast for Sorrento Therapeutics
.

How were Sorrento Therapeutics' earnings last quarter?

Sorrento Therapeutics, Inc. (NASDAQ:SRNE) announced its quarterly earnings results on Wednesday, May, 5th. The biopharmaceutical company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.23. The biopharmaceutical company earned $14.26 million during the quarter, compared to the consensus estimate of $17.25 million. Sorrento Therapeutics had a negative trailing twelve-month return on equity of 133.68% and a negative net margin of 496.04%.
View Sorrento Therapeutics' earnings history
.

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

Sorrento Therapeutics' stock was trading at $1.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SRNE shares have increased by 364.9% and is now trading at $8.60.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for SRNE?

3 brokerages have issued 12 month price targets for Sorrento Therapeutics' shares. Their forecasts range from $26.00 to $35.00. On average, they expect Sorrento Therapeutics' share price to reach $30.33 in the next twelve months. This suggests a possible upside of 252.7% 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:
  • Dr. Henry H. Ji, Co-Founder, Chairman, CEO & Pres (Age 57, Pay $1.19M)
  • Mr. Najjam Asghar, Sr. VP & CFO (Age 39, Pay $351.69k)
  • Mr. Brian Sun, Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. William J. Farley, VP of Sales & Bus. Devel.
  • Dr. Michael A. Royal, SVP & Chief Medical Officer (Age 67)
  • Dr. Alexis Nahama, Sr. VP & Head of RTX Program
  • Dr. Mark R. Brunswick, Sr. VP of Regulatory Affairs
  • Dr. Shawn Sahebi Ph.D., Sr. VP of Strategy & Analytics
  • Mr. Brian Cooley, Sr. VP of Lymphatic Drug Delivery BU Leader
  • Dr. Robert D. Allen Ph.D., Sr. VP of Antiviral & Immunotherapy

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 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.79%), Geode Capital Management LLC (1.41%), Cormorant Asset Management LP (0.96%), Northern Trust Corp (0.96%), JPMorgan Chase & Co. (0.83%) and Nuveen Asset Management LLC (0.38%). 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 Cormorant Asset Management LP, Morgan Stanley, Avidian Wealth Solutions LLC, Credit Suisse AG, Goldman Sachs Group Inc., Nuveen Asset Management LLC, Northern Trust Corp, and Virtu Financial LLC.
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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Schroder Investment Management Group, Geode Capital Management LLC, Citigroup Inc., Millennium Management LLC, Oaktree Capital Management LP, and Oaktree Capital Management LP.
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 $8.60.

How much money does Sorrento Therapeutics make?

Sorrento Therapeutics has a market capitalization of $2.47 billion and generates $39.99 million in revenue each year. The biopharmaceutical company earns $-298,460,000.00 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 6/19/2021 by MarketBeat.com Staff
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