Sarepta Therapeutics (SRPT) stock is getting crushed in pre-market trading Monday, down 8 points, or 33.79%, after the company said in a press release that the U.S. Food and Drug Administration has asked for more information on its experimental muscular dystrophy treatment, suggesting that a filing for that drug will be pushed back into mid-2015 from previous plans to file by the end of this year.
Sarepta Therapeutics shares currently have a P/E-to-Growth and price-to-sales ratio of 0.69 and 60.97, respectively. EPS is ($3.03). Currently there are 8 analysts that rate SRPT a ‘Buy’, while 6 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. SRPT has a median Wall Street price target of $36.50 with a high target of $63.00.
In the past 52 weeks, shares of Cambridge, Massachusetts-based biopharmaceutical firm have traded between a low of $12.12 and a high of $44.03 and are now at $15.66. Shares are down 45.41% year-over-year ; up 15.66% year-to-date.
Hewlett-Packard Company (HPQ) shares were fractionally lower in early pre-market trading on Monday following a WSJ report that said the company is looking to sell a majority stake in its corporate networking business in China. The sale, which could return the operation to local control, could be worth roughly $5 billion.
On valuation measures, Hewlett-Packard shares are currently priced at 13.13x this year’s forecasted earnings compared to the industry’s 24.55x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.97 and 8.87, respectively. Price/Sales for the same period is 0.58 while EPS is $2.66. Currently there are 10 analysts that rate HPQ a ‘Buy’, while 16 rate it a ‘Hold’. No analysts rate it a ‘Sell’. HPQ has a median Wall Street price target of $40.00 with a high target of $45.00.
In the past 52 weeks, shares of Palo Alto, California-based tech giant have traded between a low of $23.64 and a high of $38.25 and are now at $34.91. HPQ currently prints a one year return of about 49% and a year-to-date return of around 26%.
Tesla Motors, Inc. (TSLA) – The automaker unveiled a leasing policy for its new Model S electric sedan, which includes an option for the buyers in the United States to return the car within three months of purchase. Tesla CEO Elon Musk said if the customer is not satisfied and the car is returned within three months of purchase, the remaining lease obligation will be waived. However, Tesla said that once the car is returned, it would not be possible to immediately lease another Model S.
Tesla Motors, currently valued at $29.32B, has a median Wall Street price target of $300.00 with a high target of $400.00. In the past 52 weeks, shares of Palo Alto, California-based automaker have traded between a low of $116.10 and a high of $291.42. Shares are up 35.86% year-over-year, and 56.38% year-to-date.
Since its 2010 initial public offering priced at $17 a share, Tesla’s stock has risen about $216, or 1.1125%, as of Friday’s close.
TSLA was trading down 97 cents to $234.27 in pre-market trading.
Twitter Inc (TWTR) – The micro-blogging platform announced the acquisition of Twitpic’s domain name and photo archive. The image-hosting company announced last month that it would be shutting down after Twitter demanded it abandon its trademark or risk losing access to Twitter’s API. Twitpic founder Noah Everett announced the merger in a blog post.
TWTR is currently changing hands at $50.06, up 0.22 percent. The stock is up 11% y/y ; down 21.52% year-to-date.
Investment analysts at Jefferies initiated coverage on shares of Alibaba Group Holding (BABA) in a note issued to investors on Monday. The firm set a ‘Buy’ rating, noting that Jack Ma’s $241B market cap company is the largest player in China e-commerce, but currently sells to less than 25% of the population.
Alibaba recently traded at $97.30, up 1.61 percent.