On Friday, Shares of DURECT Corporation (NASDAQ: DRRX) plunged -6.00% to $1.41. The stock grabbed the investor’s attention and traded 806,251 shares as compared to its average daily volume of 740.22K shares. The stock’s institutional ownership stands at 45.80%.
DURECT Corporation (DRRX) recently declared financial results for the three months ended March 31, 2018 and offered a corporate update.
- Total revenues were $3.50M and net loss was $8.30M for the three months ended March 31, 2018 as contrast to total revenues of $4.60M and net loss of $8.10M for the three months ended March 31, 2017.
- At March 31, 2018, cash and investments were $44.30M, contrast to cash and investments of $36.90M at December 31, 2017. Debt at March 31, 2018 was $19.80M.
DRRX has a market value of $240.90M while its EPS was booked as $-0.03 in the last 12 months. The stock has 170.85M shares outstanding. In the profitability analysis, the company has gross profit margin of 87.00% while net profit margin was -8.10%. Beta value of the company was 1.10; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.30.