DURECT (NASDAQ:DRRX) Stock Price Crosses Above 200 Day Moving Average - What's Next?

DURECT Corporation (NASDAQ:DRRX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.86 and traded as high as $1.95. DURECT shares last traded at $1.93, with a volume of 381,934 shares.Analysts Set New Price TargetsSeveral equities analysts have recently commented on the stock. Northland Capmk lowered shares of DURECT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Wall Street Zen started coverage on shares of DURECT in a research report on Thursday, May 22nd. They set a "sell" rating for the company. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, DURECT currently has a consensus rating of "Hold".View Our Latest Stock Report on DURECTDURECT Price PerformanceThe firm has a market cap of $59.93 million, a price-to-earnings ratio of -19.30 and a beta of 0.83. The firm's fifty day moving average is $1.15 and its two-hundred day moving average is $0.86. DURECT (NASDAQ:DRRX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The specialty pharmaceutical company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. The business had revenue of $0.45 million during the quarter, compared to the consensus estimate of $0.32 million. DURECT had a negative net margin of 96.19% and a negative return on equity of 259.16%. On average, equities analysts forecast that DURECT Corporation will post -0.5 earnings per share for the current fiscal year. Institutional Investors Weigh In On DURECTA number of institutional investors and hedge funds have recently bought and sold shares of the business. Ingalls & Snyder LLC lifted its holdings in DURECT by 1.1% in the 2nd quarter. Ingalls & Snyder LLC now owns 1,349,435 shares of the specialty pharmaceutical company's stock valued at $857,000 after acquiring an additional 14,637 shares during the last quarter. Beirne Wealth Consulting Services LLC lifted its holdings in DURECT by 6.0% in the 2nd quarter. Beirne Wealth Consulting Services LLC now owns 314,150 shares of the specialty pharmaceutical company's stock valued at $200,000 after acquiring an additional 17,800 shares during the last quarter. Jane Street Group LLC lifted its holdings in DURECT by 266.0% in the 4th quarter. Jane Street Group LLC now owns 39,196 shares of the specialty pharmaceutical company's stock valued at $29,000 after acquiring an additional 28,486 shares during the last quarter. Richmond Brothers Inc. lifted its holdings in DURECT by 5.1% in the 1st quarter. Richmond Brothers Inc. now owns 1,346,406 shares of the specialty pharmaceutical company's stock valued at $1,080,000 after acquiring an additional 65,230 shares during the last quarter. Finally, Dalton Investments Inc. lifted its holdings in DURECT by 45.4% in the 2nd quarter. Dalton Investments Inc. now owns 745,000 shares of the specialty pharmaceutical company's stock valued at $473,000 after acquiring an additional 232,688 shares during the last quarter. 28.03% of the stock is owned by institutional investors and hedge funds. About DURECT (Get Free Report)DURECT Corporation, a biopharmaceutical company, develops medicines based on its epigenetic regulator program. The company's lead product larsucosterol (DUR-928), an endogenous, orally bioavailable small molecule that is in Phase IIb clinical trial to play a regulatory role in lipid metabolism, stress and inflammatory responses, and cell death and survival to treat alcohol-associated hepatitis, as well as completed Phase Ib clinical trial to treat patients with nonalcoholic steatohepatitis.Read MoreFive stocks we like better than DURECTBest ESG Stocks: 11 Best Stocks for ESG InvestingAs Trump Blocks Clean Energy, What's Next for Renewables?Utilities Stocks Explained – How and Why to Invest in UtilitiesHow a Superstore Strategy Fueled MINISO’s 20% Stock SurgeUsing the MarketBeat Dividend Yield CalculatorAnalysts Love These 3 Companies Reporting Earnings This WeekThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in DURECT Right Now?Before you consider DURECT, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DURECT wasn't on the list.While DURECT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here