Sorrento Therapeutics (SRNE) Rating Reiterated by HC Wainwright
Sorrento Therapeutics (NASDAQ:SRNE)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a report issued on Tuesday.
A number of other research analysts have also issued reports on SRNE. Oppenheimer set a $6.00 price objective on shares of Sorrento Therapeutics and gave the company a “buy” rating in a report on Wednesday, November 15th. BidaskClub upgraded shares of Sorrento Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, ValuEngine upgraded shares of Sorrento Therapeutics from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $11.50.
Sorrento Therapeutics (NASDAQ SRNE) opened at $4.95 on Tuesday. The stock has a market cap of $409.33, a P/E ratio of -6.78 and a beta of 1.59. Sorrento Therapeutics has a fifty-two week low of $1.50 and a fifty-two week high of $5.75. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.18.
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About Sorrento Therapeutics
Sorrento Therapeutics, Inc is a biopharmaceutical company. The Company is engaged in the discovery, acquisition, development and commercialization of drug therapeutics. Its primary therapeutic focus is oncology, including the treatment of chronic cancer pain. It is also developing therapeutic products for other indications, including immunology and infectious diseases.
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