Sorrento Therapeutics Inc (NASDAQ:SRNE) shares gapped down before the market opened on Monday . The stock had previously closed at $6.75, but opened at $6.55. Sorrento Therapeutics shares last traded at $6.35, with a volume of 2670350 shares traded.
A number of research analysts have weighed in on the stock. BidaskClub raised shares of Sorrento Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 26th. HC Wainwright set a $40.00 target price on shares of Sorrento Therapeutics and gave the stock a “buy” rating in a research report on Thursday, April 12th. Finally, ValuEngine raised shares of Sorrento Therapeutics from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $15.75.
The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.
Sorrento Therapeutics Company Profile
Sorrento 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.
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