Halozyme Therapeutics (NASDAQ:HALO) issued an update on its FY 2021
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 1.40-1.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70. The company issued revenue guidance of $375-395 million, compared to the consensus revenue estimate of $400.15 million.
Halozyme Therapeutics stock traded down $1.48 during midday trading on Tuesday, reaching $47.21. The stock had a trading volume of 1,464,193 shares, compared to its average volume of 1,122,751. Halozyme Therapeutics has a 12 month low of $12.71 and a 12 month high of $51.30. The firm’s 50-day moving average price is $47.53 and its 200 day moving average price is $36.65. The firm has a market capitalization of $6.38 billion, a PE ratio of 268.94 and a beta of 1.77. The company has a quick ratio of 16.36, a current ratio of 18.49 and a debt-to-equity ratio of 3.98.
HALO has been the topic of a number of research reports. Berenberg Bank initiated coverage on Halozyme Therapeutics in a research note on Thursday, December 17th. They issued a buy rating and a $50.00 price objective on the stock. Smith Barney Citigroup boosted their price objective on Halozyme Therapeutics from $29.00 to $41.00 in a research note on Friday, December 11th. BMO Capital Markets boosted their price objective on Halozyme Therapeutics from $56.00 to $65.00 and gave the company an outperform rating in a research note on Monday, January 25th. Piper Sandler upped their price target on Halozyme Therapeutics from $42.00 to $50.00 and gave the company an overweight rating in a research report on Thursday, January 14th. Finally, Wells Fargo & Company upped their price target on Halozyme Therapeutics from $39.00 to $60.00 and gave the company an overweight rating in a research report on Monday, November 16th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Halozyme Therapeutics has an average rating of Buy and an average price target of $40.36.
Halozyme Therapeutics Company Profile
Halozyme Therapeutics, Inc operates as a biopharma technology platform company in the United States, Switzerland, and internationally. The company's products are based on the ENHANZE drug delivery technology, a patented recombinant human hyaluronidase enzyme (rHuPH20) that enables the subcutaneous delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids.
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