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Harmony Biosciences Holdings, Inc.

Harmony Biosciences Holdings, Inc. Stock Forecast & Price Prediction

Live Harmony Biosciences Holdings, Inc. Stock (HRMY) Price
$38.34

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
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

$38.34

P/E Ratio

20.03

Volume Traded Today

$294,952

Dividend

Dividends not available for HRMY

52 Week High/low

39.73/18.61

Harmony Biosciences Holdings, Inc. Market Cap

$2.22B

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HRMY Summary

The Harmony Biosciences Holdings, Inc. (HRMY) share price is expected to increase by 12.91% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered HRMY. Price targets range from $28 at the low end to $56 at the high end. The current analyst consensus for HRMY is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

HRMY Analyst Ratings

About 0 Wall Street analysts have assignedHRMY 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Harmony Biosciences Holdings, Inc. to sell. 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

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
Charles Duncan
Cantor Fitzgerald

Overweight

$49

Reiterates

Mar 28, 2024
Graig Suvannavejh
Mizuho

Buy

$40

Maintains

Feb 27, 2024
Charles Duncan
Cantor Fitzgerald

Overweight

$49

Reiterates

Feb 23, 2024
Ami Fadia
Needham

Buy

$50

Maintains

Feb 23, 2024
Ami Fadia
Needham

Buy

$53

Reiterates

Feb 22, 2024
Graig Suvannavejh
Mizuho

Buy

$42

Maintains

Feb 16, 2024
Corinne Jenkins
Goldman Sachs

Sell

$28

Maintains

Jan 9, 2024
Jason Gerberry
B of A Securities

Underperform

$30

Downgrade

Jan 2, 2024

HRMY Company Information

  • Company Type: Commercial-stage pharmaceutical company
  • Focus: Developing and commercializing therapies for rare and neurological diseases
  • Key Product: WAKIX (pitolisant) - treats excessive daytime sleepiness in adults with narcolepsy
  • Additional Product: HBS-102 - targets melanin-concentrating hormone receptor 1 for MCH neurons
  • Former Name: Harmony Biosciences II, Inc. (renamed in February 2020)
  • Incorporation Year: 2017
  • Headquarters: Plymouth Meeting, Pennsylvania
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

$2.22B

Harmony Biosciences Holdings, Inc. (HRMY) Financial Data

In 2023, HRMY generated $582.0M in revenue, which was a increase of 32.93% 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

$159.7M

Revenue From 2021

$305.4M

91.21 %
From Previous Year

Revenue From 2022

$437.9M

43.35 %
From Previous Year

Revenue From 2023

$582.0M

32.93 %
From Previous Year
  • Revenue TTM $656.1M
  • Operating Margin TTM 12.4%
  • Gross profit TTM $460.8M
  • Return on assets TTM 13.8%
  • Return on equity TTM 22.5%
  • Profit Margin 17.5%
  • Book Value Per Share 9.48%
  • Market capitalisation $2.22B
  • Revenue for 2021 $305.4M
  • Revenue for 2022 $437.9M
  • Revenue for 2023 $582.0M
  • EPS this year (TTM) $1.95

Harmony Biosciences Holdings, Inc. (HRMY) Latest News

News Image

Tue, 10 Sep 2024

Sentiment - POSITIVE

Source - Benzinga

Summary - UBS has begun coverage on Harmony Biosciences Holdings Inc (HRMY), a biopharmaceutical firm specializing in treatments for rare neurological disorders.

Why It Matters - UBS's coverage initiation indicates potential market interest and credibility for Harmony Biosciences, which could influence stock performance and investor sentiment.

News Image

Mon, 26 Aug 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Zacks utilizes its Zacks Rank system, focusing on earnings estimates and revisions, while also monitoring value, growth, and momentum trends to identify strong stock picks.

Why It Matters - The Zacks Rank system prioritizes earnings estimates and revisions, providing investors with insights into potential stock performance based on growth and momentum trends.

News Image

Mon, 26 Aug 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Investors are comparing Harmony Biosciences Holdings, Inc. (HRMY) and Regeneron (REGN) for value in the Medical - Biomedical and Genetics sector.

Why It Matters - The comparison of Harmony Biosciences and Regeneron highlights potential investment opportunities, guiding value investors in making informed decisions based on current market valuations.

News Image

Wed, 21 Aug 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Harmony Biosciences Holdings, Inc. (Nasdaq: HRMY) will participate in the Wells Fargo 2024 Healthcare Conference in Boston on September 5, 2024, at 9:30 a.m.

Why It Matters - Management participation in investor conferences can indicate company transparency and engagement, potentially influencing investor confidence and stock performance.

News Image

Mon, 19 Aug 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Harmony Biosciences reports strong revenue growth from WAKIX and aims to diversify through acquisitions. The company has solid financial health and substantial cash reserves for R&D investment.

Why It Matters - Harmony Biosciences shows strong revenue growth from WAKIX and strategic acquisitions that enhance diversification. Solid financial health and R&D investment suggest long-term growth potential, appealing to investors.

News Image

Fri, 16 Aug 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Harmony Biosciences (HRMY) shares are rising, supported by positive earnings estimate revisions, suggesting potential continued upward movement.

Why It Matters - Rising earnings estimates for Harmony Biosciences suggest improving financial performance, potentially leading to higher stock prices and increased investor confidence.

...

HRMY Frequently asked questions

The highest forecasted price for HRMY is $56 from Ashwani Verma at UBS.

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

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