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Stock Charts AI Power Rank: 0.7
Power Rank trending -> DOWN

Last Price: 39.42 - Change: -0.18 - Change %: -0.4545
06/24/2024 16:00:00 EST

Ultragenyx (RARE)

Industry: Biotechnology

Price Support Resistance

In the past 20 trading days, RARE has been trading in a range between $44.64 and $37.42 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.

Upside / Downside Potential

Ultragenyx $RARE entered a Yellow zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $90.56, a potential upside of 129.73% from the recent price of 39.42. The stock is trading 38.41% (potential upside) below its 52 week high of $54.56 and 25.06 % (potential downside) above its 52 week low of $31.52 - based on the recent price.

Company Summary

Ultragenyx Pharmaceutical Inc, a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases in North America, Latin America, Japan, Europe, and internationally. Its biologic products include Crysvita (burosumab), an antibody targeting fibroblast growth factor 23 for the treatment of X-linked hypophosphatemia, as well as tumor-induced osteomalacia; Mepsevii, an enzyme replacement therapy for the treatment of children and adults with Mucopolysaccharidosis VII; Dojolvi for treating long-chain fatty acid oxidation disorders; and Evkeeza (evinacumab) for the treatment of homozygous familial hypercholesterolemia.

RARE Website

News

Ultragenyx Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
NOVATO, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of novel therapies for rare and ultrarare diseases, today reported the grant of 45,525 restricted stock units of the company's common stock to 26 newly hired non-executive officers of the company. The awards were approved by the compensation committee of the company's board of directors and granted under the Ultragenyx Employment Inducement Plan, with a grant date of June 16, 2024, as an inducement material to the new employees entering into employment with Ultragenyx in accordance with Nasdaq Listing Rule 5635(c)(4).
Source: GlobeNewsWire
Thu, 20 Jun 2024 16:30:00 -0400
Sentiment: Neutral
7 Breakthrough Biotech Stocks for a Shot of Portfolio Adrenaline
Biotech stocks operate under a core ethos. While there's been much talk about financially viable sectors – from tech to cryptocurrencies to even precious metals – when you think about it, nothing is more valuable than one's health.
Source: InvestorPlace
Mon, 17 Jun 2024 15:27:56 -0400
Sentiment: Positive
Ultragenyx Announces Pricing of Public Offering of Common Stock and Pre-Funded Warrants
NOVATO, Calif., June 13, 2024 (GLOBE NEWSWIRE) -- Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of novel therapies for serious rare and ultrarare genetic diseases, today announced the pricing of its underwritten public offering of 7,435,898 shares of its common stock at a price to the public of $39.00 per share. In addition, in lieu of issuing common stock to certain investors, the company is offering pre-funded warrants to purchase 1,538,501 shares of its common stock at a purchase price of $38.999 per pre-funded warrant, which equals the public offering price per share of the common stock less the $0.001 exercise price per share of each pre-funded warrant. The aggregate gross proceeds to the company from this offering is expected to be $350 million, before deducting underwriting discounts and commissions and other offering expenses, and excluding the exercise of any pre-funded warrants. In addition, the company has granted the underwriters of the offering an option for a period of 30 days to purchase up to an additional 1,346,153 shares of the company's common stock at the public offering price, less the underwriting discount.
Source: GlobeNewsWire
Thu, 13 Jun 2024 20:49:00 -0400
Sentiment: Neutral
Ultragenyx (RARE) to Seek Accelerated Nod for Rare Disease Drug
Following a fruitful meeting with the FDA, Ultragenyx (RARE) plans to seek accelerated approval for UX111 for the treatment of Sanfilippo syndrome type A.
Source: Zacks Investment Research
Thu, 13 Jun 2024 11:18:20 -0400
Sentiment: Positive
Ultragenyx (RARE) Moves 7.8% Higher: Will This Strength Last?
Ultragenyx (RARE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Source: Zacks Investment Research
Thu, 13 Jun 2024 06:16:15 -0400
Sentiment: Positive
Instituions Institution %: 88.146
Last QTR Institution change: -2074804

Insiders
Insiders %: 3.581
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 141108
Insiders Net last QTR: -141108

Analyst Ratings
Target Price: 90.56
Overall Rating: 4.5714
Strong Buys (5): 13
Buys (4): 7
Holds (3): 1
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 54.56
52 Week Low: 31.52
Beta: 0.601
50 Day MA: 41.7202
200 Day MA: 42.4643

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0
Qtr Revenue Growth YOY: 0.083
Forward PE: 0
Trailing PE: 0

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