Kenaikan Harga Saham Perusahaan Farmasi di Bursa Efek Indonesia (BEI): Peran Likuiditas, Leverage, Aktivitas dan Profitabilitas

Khairunnisa Khairunnisa (Universitas Balikpapan)
Dwi Susilowati (Universitas Balikpapan)
Nadi Hernadi Moorcy (Universitas Balikpapan)

JSHP (Jurnal Sosial Humaniora dan Pendidikan)
Vol. 9 No. 2 (2025)

This study aims to examine the effect of the Current Ratio (CR), Debt-to-Assets Ratio (DAR), Total Asset Turnover (TATO), and Net Profit Margin (NPM) on Stock Price. This study uses the type of research with a quantitative approach. The population used in this study is pharmaceutical subsector companies listed on the Indonesia Stock Exchange for the period 2018-2023. The sampling technique used was purposive sampling to obtain a sample of 9 companies with a sample size of 54 observations. The data analysis technique in this study used multiple regression analysis using SPSS for Windows 25. The results of this study indicate that the variables CR, DAR, TATO, and NPM simultaneously affect the Stock Price. The t-test results show that DAR and DER have a positive and significant effect on stock prices; CR has a negative and insignificant effect on stock prices; DAR has a negative and significant effect on stock prices; TATO has a positive and significant effect on stock prices, and NPM has a positive and insignificant effect on stock prices.