Harmony Biosciences Holdings, Inc.

Harmony Biosciences Holdings, Inc. Stock Forecast & Price Prediction

Live Harmony Biosciences Holdings, Inc. Stock (HRMY) Price
$34.67

9

Ratings

  • Buy 7
  • Hold 0
  • Sell 2
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$34.67

P/E Ratio

15.67

Volume Traded Today

$226,000

Dividend

Dividends not available for HRMY

52 Week High/low

41.61/28.14

Harmony Biosciences Holdings, Inc. Market Cap

$1.89B

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HRMY Summary

The Harmony Biosciences Holdings, Inc. (HRMY) share price is expected to increase by 35.88% over the next year. This is based on calculating the average 12-month share price estimate provided by 9 stock analysts who have covered HRMY. Price targets range from $28 at the low end to $59 at the high end. The current analyst consensus for HRMY is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

HRMY Analyst Ratings

About 9 Wall Street analysts have assignedHRMY 7 buy ratings, 0 hold ratings, and 2 sell ratings. This means that analysts expect Harmony Biosciences Holdings, Inc. to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on HRMY. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

HRMY stock forecast by analyst

These are the latest 20 analyst ratings of HRMY.

Analyst/Firm

Rating

Price Target

Change

Date

Charles Duncan
Cantor Fitzgerald

Overweight

$58

Maintains

Oct 30, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Oct 30, 2024
Francois Brisebois
Oppenheimer

Outperform

$59

Reiterates

Oct 30, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Oct 29, 2024
Graig Suvannavejh
Mizuho

Outperform

$52

Maintains

Oct 10, 2024
Danielle Brill
Raymond James

Outperform

$40

Reinstates

Oct 10, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Oct 2, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Sep 24, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Sep 12, 2024
Ashwani Verma
UBS

Buy

$56

Initiates

Sep 10, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Aug 8, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Aug 6, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Jun 25, 2024
Ami Fadia
Needham

Buy

$52

Reiterates

Jun 24, 2024
David Hoang
Citigroup

Buy

$48

Initiates

Jun 21, 2024
Ami Fadia
Needham

Buy

$52

Maintains

May 1, 2024
Ami Fadia
Needham

Buy

$50

Reiterates

Apr 30, 2024
Charles Duncan
Cantor Fitzgerald

Overweight

$49

Reiterates

Apr 12, 2024
Ami Fadia
Needham

Buy

$50

Reiterates

Apr 11, 2024
Ami Fadia
Needham

Buy

$50

Reiterates

Apr 9, 2024

HRMY Company Information

What They Do: Develops therapies for neurological diseases.

Business Model: The company operates a commercial-stage model focusing on the development and commercialization of pharmaceutical therapies for rare and neurological diseases. It generates revenue primarily through the sale of its flagship product, WAKIX, which treats excessive daytime sleepiness in patients with narcolepsy.

Other Information: Founded in 2017 and based in Plymouth Meeting, Pennsylvania, Harmony Biosciences Holdings, Inc. was previously known as Harmony Biosciences II, Inc. The company continues to innovate within the neurology sector, aiming to address unmet medical needs.
HRMY
Harmony Biosciences Holdings, Inc. (HRMY)

When did it IPO

2020

Staff Count

246

Country

United States

Sector/Industry

Healthcare/Biotechnology

CEO

Dr. Jeffrey M. Dayno M.D.

Market Cap

$1.89B

Harmony Biosciences Holdings, Inc. (HRMY) Financial Data

In 2023, HRMY generated $582.0M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that HRMY's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

N/A

0.00 %
From Previous Year

Revenue From 2022

N/A

0.00 %
From Previous Year

Revenue From 2023

$582.0M

0.00 %
From Previous Year
  • Revenue TTM $681.9M
  • Operating Margin TTM 33.2%
  • Gross profit TTM $460.8M
  • Return on assets TTM 12.8%
  • Return on equity TTM 22.7%
  • Profit Margin 18.0%
  • Book Value Per Share 10.47%
  • Market capitalisation $1.89B
  • Revenue for 2021 N/A
  • Revenue for 2022 N/A
  • Revenue for 2023 $582.0M
  • EPS this year (TTM) $2.11

Harmony Biosciences Holdings, Inc. (HRMY) Latest News

News Image

Tue, 26 Nov 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Levi & Korsinsky is investigating Harmony Biosciences (NASDAQ: HRMY) for potential federal securities law violations related to concerns raised about its drug Wakix in a Scorpion Capital report.

Why It Matters - The investigation into Harmony Biosciences for potential securities law violations and concerns over its drug Wakix could impact stock performance and investor confidence.

News Image

Mon, 25 Nov 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Levi & Korsinsky is investigating Harmony Biosciences Holdings (NASDAQ: HRMY) for potential federal securities law violations linked to concerns raised by Scorpion Capital regarding its drug Wakix.

Why It Matters - The investigation into Harmony Biosciences for potential securities law violations raises concerns about the company's regulatory compliance and market perception, impacting investor confidence and stock performance.

News Image

Wed, 20 Nov 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Levi & Korsinsky is investigating Harmony Biosciences Holdings (NASDAQ: HRMY) for potential federal securities law violations linked to concerns over its narcolepsy drug, Wakix.

Why It Matters - The investigation into Harmony Biosciences could indicate potential legal or financial issues, affecting stock performance and investor confidence in the company.

News Image

Thu, 21 Nov 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Levi & Korsinsky is investigating Harmony Biosciences (NASDAQ:HRMY) for possible federal securities law violations, following concerns raised about its narcolepsy drug, Wakix, in a March 2023 report.

Why It Matters - The investigation into Harmony Biosciences could indicate potential legal and financial risks, impacting stock performance and investor confidence in the company.

News Image

Thu, 21 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Harmony Biosciences Holdings, Inc. (Nasdaq: HRMY) will participate in Citi's 2024 Global Healthcare Conference on December 3 and the Piper Sandler Healthcare Conference on December 4, 2024.

Why It Matters - Harmony Biosciences' participation in major investor conferences signals potential growth opportunities and increased visibility, which can impact investor sentiment and stock performance.

News Image

Mon, 18 Nov 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Levi & Korsinsky has launched an investigation into Harmony Biosciences (NASDAQ: HRMY) for potential federal securities law violations related to concerns over its drug, Wakix, raised by Scorpion Capital.

Why It Matters - The investigation into Harmony Biosciences for potential securities law violations, coupled with concerns over its drug Wakix, raises red flags about the company's financial stability and future performance.

...

HRMY Frequently asked questions

The highest forecasted price for HRMY is $59 from Caroline Palomeque at Berenberg.

The lowest forecasted price for HRMY is $28 from Corinne Jenkins from Goldman Sachs

The HRMY analyst ratings consensus are 7 buy ratings, 0 hold ratings, and 2 sell ratings.