Critical Analysis: Mirati Therapeutics (MRTX) versus The Competition
Mirati Therapeutics (NASDAQ: MRTX) is one of 94 publicly-traded companies in the “Biotechnology” industry, but how does it contrast to its competitors? We will compare Mirati Therapeutics to related businesses based on the strength of its dividends, earnings, profitability, valuation, analyst recommendations, institutional ownership and risk.
Earnings and Valuation
This table compares Mirati Therapeutics and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Mirati Therapeutics||N/A||-$73.47 million||-2.87|
|Mirati Therapeutics Competitors||$224.58 million||$58.12 million||-1.02|
Mirati Therapeutics’ competitors have higher revenue and earnings than Mirati Therapeutics. Mirati Therapeutics is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Institutional & Insider Ownership
60.2% of Mirati Therapeutics shares are owned by institutional investors. Comparatively, 20.4% of shares of all “Biotechnology” companies are owned by institutional investors. 5.1% of Mirati Therapeutics shares are owned by insiders. Comparatively, 18.5% of shares of all “Biotechnology” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
This is a summary of recent ratings and target prices for Mirati Therapeutics and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Mirati Therapeutics Competitors||164||551||1212||16||2.56|
Mirati Therapeutics currently has a consensus target price of $12.57, suggesting a potential upside of 27.63%. As a group, “Biotechnology” companies have a potential upside of 59.29%. Given Mirati Therapeutics’ competitors higher probable upside, analysts clearly believe Mirati Therapeutics has less favorable growth aspects than its competitors.
Risk & Volatility
Mirati Therapeutics has a beta of 1.48, indicating that its stock price is 48% more volatile than the S&P 500. Comparatively, Mirati Therapeutics’ competitors have a beta of 1.14, indicating that their average stock price is 14% more volatile than the S&P 500.
This table compares Mirati Therapeutics and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Mirati Therapeutics Competitors||-889.02%||-184.03%||-26.48%|
Mirati Therapeutics Company Profile
Mirati Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops a pipeline of oncology products. The companys clinical stage product candidates include glesatinib, an orally-bioavailable, potent, small molecule kinase inhibitor that is in Phase II clinical trials for the treatment of non-small cell lung cancer (NSCLC) patients with genetic alterations of MET; and in Phase Ib clinical trials in patients with genetic alterations of MET and Axl in NSCLC and other solid tumors. Its clinical stage product candidates also comprise sitravatinib, an orally-bioavailable, potent, small molecule spectrum-selective kinase inhibitor, which is in Phase II clinical trials for the treatment of solid tumors, such as NSCLC and metastatic Renal Cell Carcinoma, as well as in Phase Ib clinical trials to treat NSCLC patients with RET, CHR4q12, CBL, and AXL genetic alterations; and mocetinostat, an orally administered spectrum-selective Class 1 histone deacetylase inhibitor, which is in Phase Ib/II clinical trials in combination with durvalumab for the treatment of patients with NSCLC. The company has a collaboration agreement with Foundation Medicine, Inc. and Guardant Health, Inc. to explore development of their platforms as companion diagnostics for glesatinib. Mirati Therapeutics, Inc. is headquartered in San Diego, California.
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