Stock Price Trends

Pacira Pharmaceuticals Inc (PCRX)

Pacira BioSciences, Inc. provides non-opioid pain management and regenerative health solutions for healthcare professionals and their patients in the United States. The company is headquartered in Parsippany, New Jersey.

Stock Price Trends

Stock price trends estimated using linear regression.

Key facts

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 35.51% per annum.
  • PCRX price at the close of May 9, 2024 was $29.86 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 7.88% per annum.
  • PCRX price at the close of May 9, 2024 was inside the secondary price channel.

Linear Regression Model

Model equation:
Yi = α + β × Xi + εi

Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)

Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)

where:

i - observation number
Yi - natural logarithm of PCRX price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e


Primary Trend

Start date: January 14, 2022
End date: May 7, 2024

a = 5.4414

b = -0.0012

s = 0.0882

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.51%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0882) – 1
= 42.31%

January 14, 2022 calculations

Top border of price channel:

Exp(Y677)
= Exp(a + b × X677 + 2 × s)
= Exp(a + b × 980 + 2 × s)
= Exp(5.4414 + -0.0012 × 980 + 2 × 0.0882)
= Exp(4.4402)
= $84.79

Bottom border of price channel:

Exp(Y677)
= Exp(a + b × X677 – 2 × s)
= Exp(a + b × 980 – 2 × s)
= Exp(5.4414 + -0.0012 × 980 – 2 × 0.0882)
= Exp(4.0873)
= $59.58

May 7, 2024 calculations

Top border of price channel:

Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.4414 + -0.0012 × 1,824 + 2 × 0.0882)
= Exp(3.4260)
= $30.75

Bottom border of price channel:

Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.4414 + -0.0012 × 1,824 – 2 × 0.0882)
= Exp(3.0731)
= $21.61

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 35.51% per annum.
  • PCRX price at the close of May 9, 2024 was $29.86 and was inside the primary price channel.

Secondary Trend

Start date: September 27, 2023
End date: May 9, 2024

a = 3.7673

b = -0.0002

s = 0.0689

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -7.88%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0689) – 1
= 31.73%

September 27, 2023 calculations

Top border of price channel:

Exp(Y1,103)
= Exp(a + b × X1,103 + 2 × s)
= Exp(a + b × 1,601 + 2 × s)
= Exp(3.7673 + -0.0002 × 1,601 + 2 × 0.0689)
= Exp(3.5449)
= $34.64

Bottom border of price channel:

Exp(Y1,103)
= Exp(a + b × X1,103 – 2 × s)
= Exp(a + b × 1,601 – 2 × s)
= Exp(3.7673 + -0.0002 × 1,601 – 2 × 0.0689)
= Exp(3.2694)
= $26.29

May 9, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.7673 + -0.0002 × 1,826 + 2 × 0.0689)
= Exp(3.4943)
= $32.93

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.7673 + -0.0002 × 1,826 – 2 × 0.0689)
= Exp(3.2187)
= $25.00

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 7.88% per annum.
  • PCRX price at the close of May 9, 2024 was inside the secondary price channel.