Durect Financials

DRRX Stock  USD 0.97  0.04  3.96%   
Based on the key indicators related to Durect's liquidity, profitability, solvency, and operating efficiency, Durect is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Durect's Total Liabilities is fairly stable compared to the past year. Property Plant And Equipment Gross is likely to rise to about 19.9 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 4.5 M in 2024. Key indicators impacting Durect's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.711.2206
Way Down
Very volatile
Current Ratio1.221.2836
Notably Down
Slightly volatile
Investors should never underestimate Durect's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Durect's cash flow, debt, and profitability to make informed and accurate decisions about investing in Durect.

Net Income

(29.01 Million)

  
Understanding current and past Durect Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Durect's financial statements are interrelated, with each one affecting the others. For example, an increase in Durect's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Durect's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Durect. Check Durect's Beneish M Score to see the likelihood of Durect's management manipulating its earnings.

Durect Stock Summary

Durect competes with Shuttle Pharmaceuticals, Organogenesis Holdings, Alpha Teknova, Sonoma Pharmaceuticals, and Lifecore Biomedical. DURECT Corporation, a biopharmaceutical company, researches and develops medicines based on its epigenetic regulator and pharmaceutical programs. DURECT Corporation was incorporated in 1998 and is headquartered in Cupertino, California. Durect Corp operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on NASDAQ Exchange. It employs 79 people.
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS2666051048
CUSIP266605104 266605500
LocationCalifornia; U.S.A
Business Address10240 Bubb Road,
SectorPharmaceuticals
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.durect.com
Phone408 777 1417
CurrencyUSD - US Dollar

Durect Key Financial Ratios

Durect Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets86.0M75.6M92.0M60.1M45.2M56.3M
Other Current Liab6.3M4.6M5.0M7.9M5.8M4.5M
Net Debt(8.1M)4.5M(25.5M)(20.2M)(7.7M)(8.0M)
Retained Earnings(489.2M)(489.8M)(526.0M)(561.4M)(589.0M)(559.6M)
Accounts Payable2.1M1.7M1.3M3.1M1.8M1.9M
Cash34.9M21.3M49.8M43.5M28.4M26.0M
Net Receivables2.3M940K6.5M3.4M1.3M1.2M
Inventory3.4M1.9M1.9M2.1M2.2M2.9M
Other Current Assets1.5M19.5M7.2M2.4M1.5M1.4M
Total Liab63.2M35.5M34.2M35.1M30.4M39.1M
Total Current Assets71.8M63.1M81.7M51.4M34.7M43.1M
Common Stock16K19K20K23K26.5K27.8K
Long Term Debt20.3M19.9M20.6M15.9M14.3M14.2M
Other Liab1.6M1.7M1.7M851K765.9K727.6K
Other Assets1.3M6.2M411K406K365.4K347.1K
Net Tangible Assets21.8M38.0M51.6M19.1M21.9M21.4M
Capital Surpluse512.0M529.9M583.8M586.4M674.3M509.9M

Durect Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense2.5M2.2M2.1M2.4M2.8M1.9M
Total Revenue29.6M30.1M14.0M19.3M8.5M8.1M
Gross Profit25.4M28.7M12.0M17.7M6.8M6.5M
Operating Income(19.2M)(12.6M)(34.3M)(35.1M)(36.9M)(38.7M)
Ebit(19.2M)(12.1M)(34.1M)(32.9M)(24.8M)(26.1M)
Research Development30.2M27.7M31.8M36.9M29.4M30.6M
Ebitda(18.1M)(11.8M)(34.0M)(32.8M)(24.7M)(25.9M)
Cost Of Revenue4.1M1.4M2.0M1.6M1.7M1.6M
Net Income(22.8M)(2.5M)(38.1M)(35.6M)(27.6M)(29.0M)
Income Tax Expense2.2M(11.8M)1.9M251K(19.9K)(20.9K)
Income Before Tax(20.6M)(14.3M)(36.3M)(35.3M)(27.6M)(29.0M)
Interest Income1.1M517K156K2.1M3.4M3.5M
Net Interest Income(1.4M)(1.7M)(2.0M)(251K)535K561.8K

Durect Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Durect. It measures of how well Durect is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Durect brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Durect had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Durect has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(217K)(249K)(4K)(245K)(107K)(112.4K)
Change In Cash3.3M(13.6M)28.5M(6.4M)(15.1M)(14.3M)
Free Cash Flow10.9M(38.9M)(37.5M)(26.4M)(34.5M)(32.7M)
Depreciation291K297K288K119K31K29.5K
Other Non Cash Items584K392K429K418K(10.7M)(10.2M)
Capital Expenditures155K208K194K111K52K49.4K
Net Income(20.6M)(582K)(36.3M)(35.3M)(27.6M)(29.0M)
End Period Cash Flow35.1M21.5M50.0M43.6M28.6M26.0M
Investments(27.2M)9.6M526K19.9M1.3M2.5M
Net Borrowings(836K)(4K)(713K)(1K)(900.0)(855.0)
Change To Netincome31.7M(38.1M)(1.0M)9.1M10.4M10.9M

Durect Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Durect's current stock value. Our valuation model uses many indicators to compare Durect value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Durect competition to find correlations between indicators driving Durect's intrinsic value. More Info.
Durect is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Durect's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Durect's earnings, one of the primary drivers of an investment's value.

Durect Systematic Risk

Durect's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Durect volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Durect correlated with the market. If Beta is less than 0 Durect generally moves in the opposite direction as compared to the market. If Durect Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Durect is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Durect is generally in the same direction as the market. If Beta > 1 Durect moves generally in the same direction as, but more than the movement of the benchmark.

Durect Thematic Clasifications

Durect is part of Pharmaceutical Products investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Pharmaceutical Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Pharmaceutical ProductsView
This theme covers USA Equities from Pharmaceutical Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Durect Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Durect's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Durect growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0244

At this time, Durect's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Durect November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Durect help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Durect. We use our internally-developed statistical techniques to arrive at the intrinsic value of Durect based on widely used predictive technical indicators. In general, we focus on analyzing Durect Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Durect's daily price indicators and compare them against related drivers.

Additional Tools for Durect Stock Analysis

When running Durect's price analysis, check to measure Durect's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Durect is operating at the current time. Most of Durect's value examination focuses on studying past and present price action to predict the probability of Durect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Durect's price. Additionally, you may evaluate how the addition of Durect to your portfolios can decrease your overall portfolio volatility.