Why? Per news today, net revenue for 2012 is 19.6 MM. Per Yahoo, outstanding shares are 61.58 MM. At a 10 PE, the price should be 10 x (19.6 / 61.58) = 3.18. A 20 PE for this type of stock should be acceptable, so the price could climb as high as around 6.
Don't get the PE ratio mixed up with the PS ratio (or PSR, the price / sales ratio). Two different animals. There's no way to figure a "fair value" of HZNP at this time. Too much happening that we can only guess how it'll turn out.
Nice to see they still have that $100 + million of cash (as of 12-31-12), but that will be spent at a steady pace of $15- 20 mil per quarter.
Rayos and Duexis must gain traction..................pretty quickly.
Guess you are correct marketmaven. I would have thought today's news would have brought a positive response. Oh well, maybe some day this stock will pop again. i just recently purchased some of this in hope that it would pop like it did last summer.