Harmony Biosciences Holdings Stock Price on July 9, 2021
| HRMY Stock | USD 29.35 0.05 0.17% |
If you're considering investing in Harmony Stock, it is important to understand the factors that can impact its price. As of today, the current price of Harmony Biosciences stands at 29.35, as last reported on the 23rd of April, with the highest price reaching 29.68 and the lowest price hitting 28.80 during the day. Harmony Biosciences holds Efficiency (Sharpe) Ratio of -0.013, which attests that the entity had a -0.013% return per unit of risk over the last 3 months. Harmony Biosciences exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harmony Biosciences' Market Risk Adjusted Performance of (0.04), standard deviation of 2.71, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide.
At this time, Harmony Biosciences' Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to rise to about 64.3 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 466 M in 2024. . At this time, Harmony Biosciences' Price Earnings Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to rise to 4.32 in 2024, whereas Price To Sales Ratio is likely to drop 3.14 in 2024. Harmony Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Harmony |
Sharpe Ratio = -0.013
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Estimated Market Risk
| 2.73 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harmony Biosciences is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Harmony Biosciences by adding Harmony Biosciences to a well-diversified portfolio.
Price Book 3.5861 | Enterprise Value Ebitda 6.8384 | Price Sales 2.8785 | Shares Float 34.6 M | Wall Street Target Price 41.63 |
Harmony Biosciences Valuation on July 9, 2021
It is possible to determine the worth of Harmony Biosciences on a given historical date. On July 9, 2021 Harmony was worth 49.42 at the beginning of the trading date compared to the closed value of 49.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Harmony Biosciences stock. Still, in general, we apply an absolute valuation method to find Harmony Biosciences' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Harmony Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Harmony Biosciences' related companies.
| Open | High | Low | Close | Volume | |
04/07/2022 | 49.42 | 50.48 | 49.13 | 49.89 | 312,500 |
| 50.24 | 51.44 | 49.64 | 49.79 | 260,700 |
| Backtest Harmony Biosciences | | | Harmony Biosciences History | | | Harmony Biosciences Valuation | Next |
Harmony Biosciences Trading Date Momentum on July 9, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Harmony Biosciences Fundamentals Correlations and Trends
By evaluating Harmony Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Harmony Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Harmony financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Harmony Biosciences Stock history
Harmony Biosciences investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Harmony is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Harmony Biosciences will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Harmony Biosciences stock prices may prove useful in developing a viable investing in Harmony Biosciences
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 60.4 M | 64.3 M | |
| Net Income Applicable To Common Shares | 208.7 M | 219.1 M |
Harmony Biosciences Quarterly Net Working Capital |
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Harmony Biosciences Stock Technical Analysis
Harmony Biosciences technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Harmony Biosciences Period Price Range
Low | April 7, 2022
| High |
49.42 | 49.89 |
Harmony Biosciences April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Harmony Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Harmony Biosciences shares will generate the highest return on investment. By undertsting and applying Harmony Biosciences stock market strength indicators, traders can identify Harmony Biosciences Holdings entry and exit signals to maximize returns
| Accumulation Distribution | 8357.27 | |||
| Daily Balance Of Power | 0.3481 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 49.81 | |||
| Day Typical Price | 49.83 | |||
| Price Action Indicator | 0.32 | |||
| Period Momentum Indicator | (20.54) |
Harmony Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Harmony Biosciences' price direction in advance. Along with the technical and fundamental analysis of Harmony Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Harmony to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.05) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Biosciences Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Harmony Stock analysis
When running Harmony Biosciences' price analysis, check to measure Harmony Biosciences' 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 Harmony Biosciences is operating at the current time. Most of Harmony Biosciences' value examination focuses on studying past and present price action to predict the probability of Harmony Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Biosciences' price. Additionally, you may evaluate how the addition of Harmony Biosciences to your portfolios can decrease your overall portfolio volatility.
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Is Harmony Biosciences' 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 Harmony Biosciences. If investors know Harmony 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 Harmony Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.43) | Earnings Share 2.13 | Revenue Per Share 9.787 | Quarterly Revenue Growth 0.313 | Return On Assets 0.1616 |
The market value of Harmony Biosciences is measured differently than its book value, which is the value of Harmony that is recorded on the company's balance sheet. Investors also form their own opinion of Harmony Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Harmony Biosciences' 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 Harmony Biosciences' market value can be influenced by many factors that don't directly affect Harmony Biosciences' 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 Harmony Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmony Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmony Biosciences' 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.