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This will lead to stronger returns if you act immediately: ESSA Pharma Inc. (EPIX)

Piper Sandler raised the price target for the ESSA Pharma Inc. (NASDAQ:EPIX) stock to “an Overweight”. The rating was released on March 04, 2021. We previously noted in another research note published on January 11, 2021 by H.C. Wainwright that reiterated the stock to a Buy with a price target of $17 for EPIX stock. The research report from Jefferies has initiated the stock to Buy, with a price target set at $17. The stock was initiated by Oppenheimer, who disclosed in a research note on October 25, 2019, to Outperform and set the price objective to $8.


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The latest trade, Performances and Moving Averages give us the following Picture

The share price of ESSA Pharma Inc. (NASDAQ:EPIX) raised 14.69% to close Wednesday’s market session at $8.90, higher as compared to yesterday’s close. The stock price fluctuated between $7.50 and $9.60 throughout the trading session with the volume trading being 2977171 shares, which represented a significant variation when compared to the three months average volume of 437.71K shares. The firm’s stock price fluctuated -39.82% within the last five trades and -66.40% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -67.19% in the last 6 months and -72.72% was subtracted to its value over the previous 3 months. EPIX stock is trading at a margin of -54.28%, -63.30% and -58.66% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, EPIX deals in the Healthcare domain. The stock is trading -75.28 percent below its 52-week high and 64.81 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -17.3. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does ESSA Pharma Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $422.57 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 1.58, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.40 percent of ESSA Pharma Inc. shares are owned by insiders, and 84.80 percent are held by financial institutions. BERGER FRANKLIN M, the Director at ESSA Pharma Inc. (EPIX) has bought 57,000 shares of firm on Feb 22 at a price of $27.00 against the total amount of $1.54 million.

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Peggy Goldman
Peggy Goldman, CFA, is an independent monetary author and speculator. I have worked for both sell-side and purchase side firms (values and fixed salary), with the biggest level of my working time spent in drug tech. Now I am presently viably in a “working retirement”.
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