Headlines

Sorrento Therapeutics Stock Bearish Momentum With A 16% Slide In The Last 5 Sessions

(VIANEWS) – Shares of Sorrento Therapeutics (NASDAQ: SRNE) slid by a staggering 16.22% in 5 sessions from $0.37 at -16.22, to $0.31 at 23:23 EST on Wednesday, after five sequential sessions in a row of losses. NASDAQ is falling 0.85% to $11,929.34, after three sequential sessions in a row of losses.

Sorrento Therapeutics’s last close was $0.35, 88.82% below its 52-week high of $3.09.

About Sorrento Therapeutics

Earnings Per Share

As for profitability, Sorrento Therapeutics has a trailing twelve months EPS of $-1.3.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -378.92%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Sorrento Therapeutics’s stock is considered to be overbought (>=80).

Moving Average

Sorrento Therapeutics’s value is way below its 50-day moving average of $0.77 and way below its 200-day moving average of $1.55.

Sales Growth

Sorrento Therapeutics’s sales growth is 32.2% for the present quarter and 8.8% for the next.

Revenue Growth

Year-on-year quarterly revenue growth grew by 44.3%, now sitting on 60.32M for the twelve trailing months.

More news about Sorrento Therapeutics (SRNE).

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