Mirati Therapeutics, Inc. MRTX
At closeJan 22, 2024, 4:00 PM EST
52-week range unavailable
- Market cap
- 4.12B
- Revenue (ttm)
- 38.19M
- Shares out
- 70.15M
- Forward P/E
- -7.01
- Volume
- 20.96M
- Open
- 58.86
- Previous close
- 58.70
- Day's range
- 58.54 – 58.99
- Beta
- 0.77
- Analysts
- Hold
- Price target
- 64.50 (+9.9%)
- Earnings date
- Feb 27, 2024
2Y -57.07 (-49.30%)
Key statistics
- Enterprise value
- 3.19B
- PEG ratio
- 0.07
- Price / sales
- 107.82
- Price / book
- 4.35
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 202.00%
- Free cash flow
- -313.81M
- Total cash
- 978.52M
- Total debt
- 50.22M
- Return on equity
- -69.95%
- Short % of float
- 7.53%
- 50-day average
- 57.93
- 200-day average
- 45.92
Analyst view
Consensus: hold
- Target (low)
- 58.00
- Target (mean)
- 64.50
- Target (high)
- 82.00
- Strong buy3
- Buy1
- Hold1
- Sell0
- Strong sell0
Next earnings
Feb 27, 2024
Expected Feb 27, 2024. Consensus EPS estimate -2.43.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 27, 2024 | Dec 1, 2023 | -2.61 | — | — | — |
| Nov 6, 2023 | Sep 1, 2023 | -2.92 | — | — | — |
| Aug 8, 2023 | Jun 1, 2023 | -3.23 | — | — | — |
| May 9, 2023 | Mar 1, 2023 | -3.47 | — | — | — |
| Feb 28, 2023 | Dec 1, 2022 | -3.74 | — | — | — |
| Nov 8, 2022 | Sep 1, 2022 | -3.46 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 9, 2023 | Piper Sandler | down | Overweight | Neutral |
| Oct 8, 2023 | JMP Securities | down | Market Outperform | Market Perform |
| Oct 8, 2023 | Jefferies | down | Buy | Hold |
| Oct 8, 2023 | Scotiabank | up | Sector Underperform | Sector Perform |
| Oct 8, 2023 | B. Riley Securities | down | Buy | Neutral |
| Oct 5, 2023 | JMP Securities | main | Market Outperform | Market Outperform |
About Mirati Therapeutics, Inc.
Mirati Therapeutics, Inc., a commercial-stage oncology company, develops novel therapeutics to address the genetic and immunological promoters of cancer in the United States. The company provides KRAZATI, an oral targeted treatment option for adult patients with KRAS G12C-mutated locally advanced or metastatic non-small cell lung (NSCLC), as well as in clinical development as a monotherapy and in combination with other agents. It also develops Sitravatinib, an investigational spectrum-selective kinase inhibitor in Phase 3 clinical development that inhibits receptor tyrosine kinases (RTKs), including TAM family receptors, split family receptors, and RET, which overcomes resistance to checkpoint inhibitor therapy through targeted reversal of an immunosuppressive tumor microenvironment that enhances antigen-specific T cell response and expanding dendritic cell-dependent antigen presentation. In addition, the company pipeline comprises the MRTX1719, an investigational synthetic lethal PRMT5 inhibitor designed to target the PRMT5/methylthioadensoine (MTA) complex and is in clinical development; MRTX0902, a selective SOS1 inhibitor that improves anti-tumor efficacy in combination with targeted mitogen-activated protein kinase (MAPK)-pathway inhibitors, and is in clinical development; and MRTX1133, an investigational lead KRAS G12D compound. It has a collaboration and license agreement with BeiGene, Ltd. to develop, manufacture, and commercialize sitravatinib; and Zai Lab Ltd. to research, develop, manufacture, and commercialize adagrasib in various indications. Mirati Therapeutics, Inc. was founded in 1995 and is headquartered in San Diego, California.
- Sector
- Healthcare
- Industry
- Biotechnology
- Country
- United States
- Website
- mirati.com
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Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BAUM CHARLES M | Chief Executive Officer | Stock Award(Grant) | Dec 28, 2023 | 247,700 |
| CARTER BRUCE L A | Director | Stock Award(Grant) | Dec 28, 2023 | 17,273 |
| CHRISTENSEN JAMES G | Officer | Sale | Jan 15, 2024 | 155,927 |
| DAVIS AARON I | Director | Stock Award(Grant) | Dec 28, 2023 | 54,325 |
| GALLAGHER CAROL GILTNER | Director | Stock Award(Grant) | Dec 28, 2023 | 14,363 |
| HASNAIN FAHEEM | Director | Stock Award(Grant) | Dec 28, 2023 | 24,752 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Avoro Capital Advisors LLC | 9.48% | 5,555,555 | 200.72M | Jun 29, 2023 |
| Vanguard Group Inc | 8.49% | 4,978,275 | 179.87M | Jun 29, 2023 |
| RTW Investments LP | 7.63% | 4,472,985 | 161.61M | Jun 29, 2023 |
| Armistice Capital, LLC | 6.79% | 3,978,000 | 143.73M | Jun 29, 2023 |
| Wellington Management Group, LLP | 5.78% | 3,388,365 | 122.42M | Jun 29, 2023 |
| Blackrock Inc. | 5.66% | 3,318,019 | 119.88M | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Specialized-Health Care Fund | 4.37% | 2,560,960 | 77.52M | Jul 30, 2023 |
| SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF | 3.15% | 1,845,579 | 68.66M | Aug 30, 2023 |
| Vanguard Total Stock Market Index Fund | 2.78% | 1,626,775 | 58.78M | Jun 29, 2023 |
| Vanguard Small-Cap Index Fund | 2.31% | 1,352,013 | 48.85M | Jun 29, 2023 |
| Price (T.Rowe) Health Sciences Fund | 1.38% | 806,085 | 29.12M | Jun 29, 2023 |
| Vanguard Small-Cap Growth Index Fund | 1.32% | 774,183 | 27.97M | Jun 29, 2023 |
