Is Jazz Pharmaceuticals a Good Growth Stock to Invest In?
StockNews
Published Oct 01, 2021 12:56PM ET
Updated Oct 01, 2021 01:30PM ET
Is Jazz Pharmaceuticals a Good Growth Stock to Invest In?
Shares of the Ireland-based biopharmaceutical company Jazz Pharmaceuticals (NASDAQ:JAZZ) have declined 26.7% over the past three months. While the company’s recent drug approvals and collaborations could boost its price, its mixed financials and uncertain growth potential are concerning. So, is it worth betting on the stock now? Let’s find out.Based in Ireland, global biopharmaceutical company Jazz Pharmaceuticals Plc (JAZZ) is engaged in developing and distributing medicines for various unmet medical needs in the United States and internationally. In addition, the company has licensing and collaboration agreements with ImmunoGen (NASDAQ:IMGN), Inc.; Codiak BioSciences, Inc.; Pfenex (NYSE:PFNX), Inc.; XL-protein GmbH; and Redx Pharma plc.
The company’s revenue and EBITDA have grown at a CAGR of 13.6% and 7.1%, respectively, over the past three years. Moreover, its total assets have increased at an annualized rate of 35.2% over the same period. However, JAZZ’s net income and EPS have declined at CAGRs of 54.8% and 54.1%, respectively, over the past three years.
JAZZ’s shares have retreated 8.7% over the past year and 21.1% year-to-date to close yesterday’s trading session at $130.21. Though the company could benefit from its recent drug approvals and expanding R&D capabilities, its significant cash burn and mixed financials could cause its shares to decline further.
Continue reading on StockNews
Get The News You Want
Written By: StockNews
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.