Durect Stock Net Income
| DRRX Stock | USD 0.95 0.02 2.15% |
Durect fundamentals help investors to digest information that contributes to Durect's financial success or failures. It also enables traders to predict the movement of Durect Stock. The fundamental analysis module provides a way to measure Durect's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Durect stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -27.6 M | -29 M | |
| Net Loss | -36.7 M | -34.8 M | |
| Net Loss | -31.8 M | -30.2 M | |
| Net Loss | (1.05) | (1.10) | |
| Net Income Per E B T | 1.16 | 1.01 |
Durect | Net Income |
Durect Company Net Income Analysis
Durect's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Durect Net Income | (27.62 M) |
Most of Durect's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Durect is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Durect Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Durect is extremely important. It helps to project a fair market value of Durect Stock properly, considering its historical fundamentals such as Net Income. Since Durect's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Durect's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Durect's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Durect Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Durect reported net income of (27.62 Million). This is 108.09% lower than that of the Pharmaceuticals sector and significantly lower than that of the Health Care industry. The net income for all United States stocks is 104.84% higher than that of the company.
Durect Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Durect's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Durect could also be used in its relative valuation, which is a method of valuing Durect by comparing valuation metrics of similar companies.Durect is currently under evaluation in net income category among related companies.
Durect Institutional Holders
Institutional Holdings refers to the ownership stake in Durect that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Durect's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Durect's value.| Shares | Caption Management, Llc | 2023-12-31 | 114.5 K | Millennium Management Llc | 2023-12-31 | 106.3 K | State Street Corporation | 2023-12-31 | 98.4 K | Northern Trust Corp | 2023-12-31 | 50.3 K | Bank Of America Corp | 2023-12-31 | 49.7 K | Acadian Asset Management Llc | 2023-12-31 | 47.9 K | Silverberg Bernstein Capital Management Llc | 2024-03-31 | 45.7 K | Virtu Financial Llc | 2023-12-31 | 44.3 K | Jane Street Group, Llc | 2023-12-31 | 41.4 K | Ingalls & Snyder Llc | 2023-12-31 | 2.1 M | Vanguard Group Inc | 2023-12-31 | 1.1 M |
Durect Fundamentals
| Return On Equity | -1.39 | ||||
| Return On Asset | -0.44 | ||||
| Operating Margin | (2.34) % | ||||
| Current Valuation | 19.97 M | ||||
| Shares Outstanding | 31.04 M | ||||
| Shares Owned By Insiders | 5.97 % | ||||
| Shares Owned By Institutions | 22.56 % | ||||
| Number Of Shares Shorted | 927.54 K | ||||
| Price To Earning | (3.09) X | ||||
| Price To Book | 1.62 X | ||||
| Price To Sales | 2.78 X | ||||
| Revenue | 8.55 M | ||||
| Gross Profit | 16.48 M | ||||
| EBITDA | (36.74 M) | ||||
| Net Income | (27.62 M) | ||||
| Cash And Equivalents | 51.89 M | ||||
| Cash Per Share | 0.23 X | ||||
| Total Debt | 20.75 M | ||||
| Debt To Equity | 0.68 % | ||||
| Current Ratio | 4.44 X | ||||
| Book Value Per Share | 0.49 X | ||||
| Cash Flow From Operations | (34.41 M) | ||||
| Short Ratio | 6.55 X | ||||
| Earnings Per Share | (1.20) X | ||||
| Price To Earnings To Growth | (0.46) X | ||||
| Target Price | 6.75 | ||||
| Number Of Employees | 58 | ||||
| Beta | 0.88 | ||||
| Market Capitalization | 28.9 M | ||||
| Total Asset | 45.19 M | ||||
| Retained Earnings | (589.01 M) | ||||
| Working Capital | 7.66 M | ||||
| Current Asset | 38.32 M | ||||
| Current Liabilities | 7.45 M | ||||
| Net Asset | 45.19 M |
About Durect Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Durect's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Durect using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Durect based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Durect in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Durect's short interest history, or implied volatility extrapolated from Durect options trading.
Pair Trading with Durect
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Durect position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Durect will appreciate offsetting losses from the drop in the long position's value.Moving together with Durect Stock
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The ability to find closely correlated positions to Durect could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Durect when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Durect - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Durect to buy it.
The correlation of Durect is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Durect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Durect moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Durect can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Durect Piotroski F Score and Durect Altman Z Score analysis. For more information on how to buy Durect Stock please use our How to Invest in Durect guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Durect Stock analysis
When running Durect's price analysis, check to measure Durect's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Durect is operating at the current time. Most of Durect's value examination focuses on studying past and present price action to predict the probability of Durect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Durect's price. Additionally, you may evaluate how the addition of Durect to your portfolios can decrease your overall portfolio volatility.
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Is Durect's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Durect. If investors know Durect will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Durect listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.20) | Revenue Per Share 0.326 | Quarterly Revenue Growth (0.20) | Return On Assets (0.44) | Return On Equity (1.39) |
The market value of Durect is measured differently than its book value, which is the value of Durect that is recorded on the company's balance sheet. Investors also form their own opinion of Durect's value that differs from its market value or its book value, called intrinsic value, which is Durect's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Durect's market value can be influenced by many factors that don't directly affect Durect's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Durect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Durect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Durect's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.