Harmony Biosciences (HRMY) Stock Price, News & Analysis

Company Overview

Harmony Biosciences Holdings, Inc., a commercial-stage pharmaceutical company, focuses on developing and commercializing therapies for patients with rare and other neurological diseases in the United States. The company offers WAKIX (pitolisant), a molecule with a novel mechanism of action for the treatment of excessive daytime sleepiness in adult patients with narcolepsy. It also offers HBS-102, a melanin-concentrating hormone receptor 1 for MCH neurons. The company was formerly known as Harmony Biosciences II, Inc. and changed its name to Harmony Biosciences Holdings, Inc. in February 2020. Harmony Biosciences Holdings, Inc. was incorporated in 2017 and is headquartered in Plymouth Meeting, Pennsylvania.

Key Stats

• Today's Range: $32.40 to $33.66
• 50-Day Range: $32.13 to $41.49
• 52-Week Range: $27.14 to $41.61
• Volume: 311,020 shs
• Average Volume: 1.24 million shs
• Market Capitalization: $1.87 billion
• P/E Ratio: 15.54
• Dividend Yield: N/A
• Price Target: $47.00
• Consensus Rating: Moderate Buy

Harmony Biosciences Stock Analysis - MarketRank™

Harmony Biosciences scored higher than 96% of companies evaluated by MarketBeat, and ranked 62nd out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Harmony Biosciences has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 7 buy ratings, no hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Harmony Biosciences has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 11.86%

Earnings Growth

Earnings for Harmony Biosciences are expected to grow by 11.86% in the coming year, from $2.36 to $2.64 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Harmony Biosciences is 15.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Harmony Biosciences is 15.54, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 83.57.

Price to Earnings Growth Ratio

Harmony Biosciences has a PEG Ratio of 0.60. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Harmony Biosciences has a P/B Ratio of 3.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

15.15% of the float of Harmony Biosciences has been sold short.

Short Interest Ratio / Days to Cover

Harmony Biosciences has a short interest ratio ("days to cover") of 8.9.

Change versus previous month

Short interest in Harmony Biosciences has recently decreased by 18.66%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Harmony Biosciences does not currently pay a dividend.

Dividend Growth

Harmony Biosciences does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.15% of the float of Harmony Biosciences has been sold short.

Short Interest Ratio / Days to Cover

Harmony Biosciences has a short interest ratio ("days to cover") of 8.9.

Change versus previous month

Short interest in Harmony Biosciences has recently decreased by 18.66%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.57

News Sentiment

Harmony Biosciences has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Harmony Biosciences this week, compared to 4 articles on an average week.

Search Interest

Only 5 people have searched for HRMY on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

MarketBeat Follows

6 people have added Harmony Biosciences to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Harmony Biosciences insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $877,953.00 in company stock.

Percentage Held by Insiders

30.80% of the stock of Harmony Biosciences is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

86.23% of the stock of Harmony Biosciences is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HRMY Stock Analysis - Frequently Asked Questions

How have HRMY shares performed this year?

Harmony Biosciences' stock was trading at $32.30 on January 1st, 2024. Since then, HRMY stock has increased by 1.5% and is now trading at $32.79.
View the best growth stocks for 2024 here.

How were Harmony Biosciences' earnings last quarter?

Harmony Biosciences Holdings, Inc. (NASDAQ:HRMY) posted its quarterly earnings results on Tuesday, October, 29th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.15. The firm's revenue was up 16.0% compared to the same quarter last year.

When did Harmony Biosciences IPO?

Harmony Biosciences (HRMY) raised $101 million in an IPO on Wednesday, August 19th 2020. The company issued 4,700,000 shares at a price of $20.00-$23.00 per share. Goldman Sachs, Jefferies and Piper Sandler served as the underwriters for the IPO.

Who are Harmony Biosciences' major shareholders?

Top institutional investors of Harmony Biosciences include FMR LLC (9.17%), Pacer Advisors Inc. (3.38%), State Street Corp (2.18%) and Geode Capital Management LLC (1.29%). Insiders that own company stock include Jack Nielsen, Andreas Wicki, John C Jacobs, Jeffrey M Dayno and Jeffrey Dierks.
View institutional ownership trends.

How do I buy shares of Harmony Biosciences?

Shares of HRMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Harmony Biosciences own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Harmony Biosciences investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 10/29/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:HRMY
• CUSIP: N/A
• CIK: 1802665
• Web: www.harmonybiosciences.com
• Phone: 484-539-9800
• Fax: N/A
• Employees: 200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $47.00
• High Stock Price Target: $59.00
• Low Stock Price Target: $28.00
• Potential Upside/Downside: +43.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.11
• Trailing P/E Ratio: 15.54
• Forward P/E Ratio: 13.89
• P/E Growth: 0.62
• Net Income: $128.85 million
• Net Margins: 17.98%
• Pretax Margin: 25.71%
• Return on Equity: 23.16%
• Return on Assets: 14.24%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 3.24
• Quick Ratio: 3.20

Sales & Book Value

• Annual Sales: $582.02 million
• Price / Sales: 3.21
• Cash Flow: $2.58 per share
• Price / Cash Flow: 12.73
• Book Value: $7.97 per share
• Price / Book: 4.11

Miscellaneous

• Outstanding Shares: 57,030,000
• Free Float: 39,465,000
• Market Cap: $1.87 billion
• Optionable: Optionable
• Beta: 0.77