Sorrento Stock Today

SRNE
 Stock
  

USD 2.52  0.23  8.36%   

Market Performance
13 of 100
Odds Of Distress
Over 68
Sorrento Therpt is trading at 2.52 as of the 16th of August 2022, a -8.36 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.47. Sorrento Therpt has more than 68 % chance of experiencing financial distress in the next few years of operation. However, it had a very good returns during the last 90 days. Equity ratings for Sorrento Therpt are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of July 2022 and ending today, the 16th of August 2022. Click here to learn more.
CUSIP
74838K108
Fiscal Year End
December
Business Domain
Pharmaceuticals, Biotechnology & Life Sciences
IPO Date
11th of January 2010
Category
Healthcare
Classification
Health Care
ISIN
US83587F2020
Sorrento Therapeutics, Inc., a clinical stage and commercial biopharmaceutical company, develops therapies for cancer, autoimmune, inflammatory, viral, and neurodegenerative diseases. The company was founded in 2006 and is based in San Diego, California. The company has 306.34 M outstanding shares of which 56.97 M shares are at this time shorted by private and institutional investors with about 4.15 trading days to cover. More on Sorrento Therpt

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Follow Valuation Options Odds of Bankruptcy
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Sorrento Therpt Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Sorrento Therpt's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sorrento Therpt or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Sorrento Therpt is way too risky over 90 days horizon
Sorrento Therpt appears to be risky and price may revert if volatility continues
Sorrento Therpt has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 57.03 M. Net Loss for the year was (471.65 M) with loss before overhead, payroll, taxes, and interest of (167.05 M).
Sorrento Therpt currently holds about 270.66 M in cash with (317.12 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.71.
Sorrento Therpt has a frail financial position based on the latest SEC disclosures
Latest headline from www.marketscreener.com: CELULARITY INC Managements Discussion and Analysis of Financial Condition and Results of Operations - Marketscreener.com
CEOHenry Ji
Average Analyst Recommendation
Analysts covering Sorrento Therpt report their recommendations after researching Sorrento Therpt's financial statements, talking to executives and customers, or listening in on Sorrento Therpt's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Sorrento Therpt. The Sorrento consensus assessment is calculated by taking the average forecast from all of the analysts covering Sorrento Therpt.
Strong Buy3 Opinions
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Sorrento Therpt based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Sorrento Therpt financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares318 M294.8 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted318 M294.8 M
Significantly Up
Increasing
Slightly volatile
Total Assets749.7 M694.8 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities664.7 M616.1 M
Significantly Up
Increasing
Slightly volatile
Current Assets186.6 M173 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities150.5 M139.5 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets(75.11)(69.6101)
Significantly Down
Decreasing
Stable
Gross Margin82.6975.3686
Significantly Up
Decreasing
Slightly volatile
Asset Turnover0.08160.086
Notably Down
Increasing
Very volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Sorrento Therpt's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Sorrento Therpt (SRNE) is traded on NASDAQ Exchange in USA and employs 799 people. The company currently falls under 'Small-Cap' category with current market capitalization of 805.66 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Sorrento Therpt's market, we take the total number of its shares issued and multiply it by Sorrento Therpt's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Sorrento Therpt conducts business under Healthcare sector and is part of Biotechnology industry. The entity has 306.34 M outstanding shares of which 56.97 M shares are at this time shorted by private and institutional investors with about 4.15 trading days to cover. Sorrento Therpt currently holds about 270.66 M in cash with (317.12 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.71.
Check Sorrento Therpt Probability Of Bankruptcy
Ownership
Sorrento Therpt shows a total of three hundred six million three hundred fourty thousand outstanding shares. 30% of Sorrento Therpt outstanding shares are owned by institutional holders. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulation than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or about to change. Please note that no matter how much assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Sorrento Ownership Details

Sorrento Stock Price Odds Analysis

What are Sorrento Therpt's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Sorrento Therpt jumping above the current price in 90 days from now is about 22.09%. The Sorrento Therpt probability density function shows the probability of Sorrento Therpt stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.2244. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Sorrento Therpt will likely underperform. Moreover, the company has an alpha of 1.1897, implying that it can generate a 1.19 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 2.52HorizonTargetOdds Above 2.52
77.84%90 days
 2.52 
22.09%
Based on a normal probability distribution, the odds of Sorrento Therpt to move above the current price in 90 days from now is about 22.09 (This Sorrento Therpt probability density function shows the probability of Sorrento Stock to fall within a particular range of prices over 90 days) .

Sorrento Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Sorrento Therpt that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Sorrento Therpt's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Sorrento Therpt's value.
InstituionSecurity TypeTotal SharesValue
State Street CorpCommon Shares39.7 M79.7 M
Blackrock IncCommon Shares34 M68.2 M
Group One Trading LpCall Options1.8 M3.6 M
View Sorrento Therpt Diagnostics

Sorrento Therpt Historical Income Statement

Sorrento Therpt Income Statement is one of the three primary financial statements used for reporting Sorrento's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Sorrento Therpt revenue and expense. Sorrento Therpt Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Sorrento Therpt Revenues is projected to increase significantly based on the last few years of reporting. The past year's Revenues was at 52.9 Million. The current year Weighted Average Shares is expected to grow to about 318 M, whereas Net Income is forecasted to decline to (439.6 M). View More Fundamentals

Sorrento Stock Against Markets

Picking the right benchmark for Sorrento Therpt stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Sorrento Therpt stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Sorrento Therpt is critical whether you are bullish or bearish towards Sorrento Therpt at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sorrento Therpt without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Sorrento Therpt Corporate Directors

Sorrento Therpt corporate directors refer to members of a Sorrento Therpt board of directors. The board of directors generally takes responsibility for the Sorrento Therpt's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Sorrento Therpt's board members must vote for the resolution. The Sorrento Therpt board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
David Lemus - Independent DirectorProfile
Kim Janda - Independent DirectorProfile
Yue Wu - DirectorProfile
David Deming - Independent DirectorProfile

Invested in Sorrento Therpt?

You need to understand the risk of investing before taking a position in Sorrento Therpt. The danger of trading Sorrento Therpt is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sorrento Therpt is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sorrento Therpt. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sorrento Therpt is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the Sorrento Therpt information on this page should be used as a complementary analysis to other Sorrento Therpt's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Sorrento Therpt price analysis, check to measure Sorrento Therpt's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sorrento Therpt is operating at the current time. Most of Sorrento Therpt's value examination focuses on studying past and present price action to predict the probability of Sorrento Therpt's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Sorrento Therpt's price. Additionally, you may evaluate how the addition of Sorrento Therpt to your portfolios can decrease your overall portfolio volatility.
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Is Sorrento Therpt's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sorrento Therpt. If investors know Sorrento will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sorrento Therpt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
B
Quarterly Revenue Growth YOY
0.29
Return On Assets
-0.33
Return On Equity
-2.07
The market value of Sorrento Therpt is measured differently than its book value, which is the value of Sorrento that is recorded on the company's balance sheet. Investors also form their own opinion of Sorrento Therpt's value that differs from its market value or its book value, called intrinsic value, which is Sorrento Therpt's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sorrento Therpt's market value can be influenced by many factors that don't directly affect Sorrento Therpt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sorrento Therpt's value and its price as these two are different measures arrived at by different means. Investors typically determine Sorrento Therpt value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sorrento Therpt's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.