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Tuesday, January 31, 2023

Value Investing Philosophy And Eargo Inc. (NASDAQ: EAR)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Eargo Inc. (EAR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0209, or -3.41%, to $0.5921. The Eargo Inc. has recorded 9,472 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Hearing Wellness Pioneer Eargo Launches Eargo 7, Its Most Revolutionary Device Yet, at CES.

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Stocks Info

EAR belongs to the Healthcare sector of the NASDAQ while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $0.61 and fluctuated between $0.6260 as its day high and $0.5850 as its day low. The current market capitalization of Eargo Inc. is $264.39M. A total of 1.27 million shares were traded on the day, compared to an average of 1.27M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EAR has seen 6 BUY and 4 SELL insider trades, representing the acquisition of 568,994 and the disposition of 3,370 shares. Over the last 12 months, there were 8 BUYs and 22 SELLs from insiders. Insiders purchased 588,142 shares during that period but sold 43,623.

In the most recent transaction, Laponis Adam sold 687 shares of EAR for 0.52 per share on Nov 17. After the transaction, the Chief Financial Officer now owns 59,227 company shares. In a previous transaction on Nov 17, Gormsen Christian sold 2,113 shares at 0.52 per share. EAR shares that President and CEO owns now total 123,755.

Among the insiders who sold shares, Thorpe Mark disposed of 86 shares on Nov 17 at a per-share price of $0.51. This resulted in the Chief Accounting Officer holding 18,960 shares of EAR after the transaction. In another insider transaction, Brownie William sold 484 shares at $0.52 per share on Nov 17. Company shares held by the Chief Operating Officer now total 192,187.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EAR in the last 3 months, the mean price target is $2.00 with high estimates of $2.00 and low estimates of $2.00. In terms of 52-week highs and lows, EAR has a high of $8.55 and a low of $0.48.

As of this writing, EAR has an earnings estimate of -$0.56 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.43 per share and a lower estimate of -$0.68. The company reported an EPS of -$0.7 in the last quarter, which was -311.80% lower than expectations of -$0.17.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EAR is Buy with a score of 2.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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