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Wednesday, February 8, 2023

Are Things Looking Up For Eargo Inc. (NASDAQ: EAR)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Eargo Inc. (EAR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0208, or 3.59%, to $0.5998. The Eargo Inc. has recorded 25,593 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Eargo to Complete a 1-for-20 Reverse Stock Split.

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Stocks Info

The company is listed on the NASDAQ and operates within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $0.58 and fluctuated between $0.6355 as its day high and $0.5685 as its day low. The current market capitalization of Eargo Inc. is $241.58M. A total of 2.0 million shares were traded on the day, compared to an average of 1.12M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 $6.19 and a low of $0.48.

As of this writing, EAR has an earnings estimate of -$0.32 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.59. The company reported an EPS of -$0.78 in the last quarter, which was -169.00% lower than expectations of -$0.29.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EAR’s latest balance sheet shows that the firm has $110.50M in Cash & Short Term Investments as of fiscal 2021. There were $22.65M in debt and $72.38M in liabilities at the time. Its Book Value Per Share was -$0.92, while its Total Shareholder’s Equity was $69.16M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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