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Sorrento Therape is a biotechnology & medical research business based in the US. Sorrento Therape stocks (SRNE.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $0.3322 – the same closing value as a week prior. Sorrento Therape employs 799 staff and has a trailing 12-month revenue of around $60.3 million.
How to buy Sorrento Therape stock
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- Open an account. Provide your personal information and sign up.
- Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
- Search for the stock name – SRNE. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
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What's in this guide?
- Can I buy shares in Sorrento Therape?
- Has coronavirus impacted Sorrento Therape shares?
- Sorrento Therape shares summary
- Compare share dealing platforms
- Is Sorrento Therape stock a buy or sell?
- Sorrento Therape performance over time
- Sorrento Therape's financials
- How volatile are Sorrento Therape shares?
- Does Sorrento Therape pay a dividend?
- Have Sorrento Therape shares ever split?
- Other common questions
Sorrento Therape stock price (NASDAQ:SRNE)
Use our graph to track the performance of SRNE stocks over time.Sorrento Therape shares at a glance
Information last updated 2023-05-21.
| Latest market close | $0.33 |
|---|---|
| 52-week range | $0.16 - $3.09 |
| 50-day moving average | $0.77 |
| 200-day moving average | $1.55 |
| Wall St. target price | $13.00 |
| PE ratio | N/A |
| Dividend yield | $0 (0%) |
| Earnings per share (TTM) | $-1.53 |
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Is it a good time to buy Sorrento Therape stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Sorrento Therape price performance over time
Historical closes compared with the close of $0.3322 from 2023-04-26
| 1 week (2023-05-16) | N/A |
|---|---|
| 1 month (2023-04-26) | 0.3322 |
| 3 months (2023-02-27) | 18.60% |
| 6 months (2022-11-25) | -75.39% |
| 1 year (2022-05-23) | -78.97% |
|---|---|
| 2 years (2021-05-27) | -95.71% |
| 3 years (2020-05-27) | 5.17 |
| 5 years (2018-05-25) | 7.85 |
Sorrento Therape financials
| Revenue TTM | $60.3 million |
|---|---|
| Gross profit TTM | $-167,049,000 |
| Return on assets TTM | -36.87% |
| Return on equity TTM | -378.92% |
| Profit margin | 0% |
| Book value | $0.29 |
| Market capitalisation | $168.4 million |
TTM: trailing 12 months
Sorrento Therape share dividends
We're not expecting Sorrento Therape to pay a dividend over the next 12 months.
Have Sorrento Therape's shares ever split?
Sorrento Therape's shares were split on a 1:25 basis on 1 August 2013. So if you had owned 25 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Sorrento Therape shares – just the quantity. However, indirectly, the new 2400% higher share price could have impacted the market appetite for Sorrento Therape shares which in turn could have impacted Sorrento Therape's share price.
Sorrento Therape share price volatility
Over the last 12 months, Sorrento Therape's shares have ranged in value from as little as $0.161 up to $3.09. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Sorrento Therape's is 1.9435. This would suggest that Sorrento Therape's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Sorrento Therape overview
Sorrento Therapeutics, Inc. , a clinical stage and commercial biopharmaceutical company, develops therapies for cancer, autoimmune, inflammatory, viral, and neurodegenerative diseases. It operates through two segments, Sorrento Therapeutics and Scilex. The company provides cancer therapeutic by leveraging its proprietary G-MAB antibody library and targeted delivery modalities, which include chimeric antigen receptor T-cell therapy (CAR-T), dimeric antigen receptor T-cell therapy, and antibody drug conjugate, as well as bispecific antibody approach; and Sofusa, a drug delivery technology that deliver biologic directly into the lymphatic system. Its clinical programs in development include anti-CD38 CAR-T therapy for the treatment of multiple myeloma, as well as for amyloidosis and graft versus host disease. The company develops resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for late stage cancer and osteoarthritis knee pain treatment; and ZTlido, a lidocaine delivery system for the treatment of postherpetic neuralgia. It engages in the development of SEMDEXA, an injectable viscous gel formulation, which is Phase III trial for the treatment of sciatica, a pathology of low back pain; SP-103, an investigational non-aqueous lidocaine topical system undergoing clinical development in chronic low back pain condition; and SP-104, a novel low-dose delayed-release naltrexone hydrochloride formulation for the treatment of fibromyalgia.
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Frequently asked questions
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