Streetbeat News

ASND

Ascendis Pharma A/S

Industry

Biotechnology

Ascendis Pharma A/S, a biopharmaceutical company, focuses on developing therapeutics for unmet medical needs. The company offers SKYTROFA for treating patients with growth hormone deficiency (GHD). It also develops TransCon Growth Hormone (hGH) for pediatric GHD in Japan; TransCon hGH for adults with GHD; TransCon parathyroid hormone for adult hypoparathyroidism; and TransCon CNP for pediatric achondroplasia. In addition, the company develops TransCon toll like receptors 7/8 agonist for intratumoral delivery; and TransCon IL-2 ß/g for systemic delivery. The company was incorporated in 2006 and is headquartered in Hellerup, Denmark.

Open

158.09

Mkt cap

10B

Volume

574K

High

168.97

P/E Ratio

-23.43

52-wk high

168.97

Low

158.09

Div yield

N/A

52-wk low

111.09

Ascendis Pharma (NYSE:ASND) has seen a decrease in short interest, with 2.93 million shares sold short, representing 7.46% of its float. This is a decline of 6.4% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to its peers, with an average short interest of 4.40% in its peer group. Short interest is a key indicator of market sentiment, and a decrease suggests investors are becoming more optimistic about the stock's future performance.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 1:15 pm

Ascendis Pharma (NASDAQ:ASND) has significantly outperformed the market with an annualized return of 42.05% over the past 10 years, turning a $1000 investment into $69,635.47. The company now has a market capitalization of $7.88 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 4:30 pm

Citigroup analyst David Lebowitz has maintained a Buy rating on Ascendis Pharma (ASND) and increased the price target from $146 to $182. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:07 pm

Wedbush analyst Andreas Argyrides maintains an Outperform rating on Ascendis Pharma (NASDAQ:ASND) and raises the price target from $207 to $225.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:27 pm

Ascendis Pharma (NASDAQ:ASND) reported a Q4 2023 GAAP EPS of $(1.66), missing the $(1.59) estimate, with sales reaching $148.22M, a 534.24% increase from $23.37M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:02 pm

Numerous companies are scheduled to report their earnings on February 7, 2024, covering a wide range of industries from technology to healthcare. Notable mentions include Madison Square Garden, Scotts Miracle Gro, TotalEnergies, Equinor, Euronet Worldwide, Flex LNG, Alibaba Group Holding, and many others. The earnings reports are expected to provide insights into the companies' financial health and market performance.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 10:13 am

Ascendis Pharma (NASDAQ:ASND) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $-2.15. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates and causing a 1.47% drop in share price. Over the last year, ASND shares have increased by 24.54%, indicating positive long-term shareholder sentiment. Investors will be keenly watching for not only the earnings outcome but also the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:01 pm

Cantor Fitzgerald analyst Li Watsek maintains an Overweight rating on Ascendis Pharma (ASND) and raises the price target from $152 to $173.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:49 pm

Over the past 5 years, Ascendis Pharma (NASDAQ:ASND) has outperformed the market with an annualized return of 15.86%, turning a $100 investment into $206.62. The company now has a market capitalization of $8.02 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm

Ascendis Pharma has partnered with Frazier Life Sciences to form and launch a new company, Eyconis, Inc. This strategic move aims to leverage Ascendis Pharma's expertise in the development of innovative therapies.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:43 pm

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