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Wednesday, February 1, 2023

The Street Is Finally Waking Up To Palisade Bio Inc. (NASDAQ: PALI)

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 Palisade Bio Inc. (PALI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -1.80%, to $2.73. The Palisade Bio Inc. has recorded 10,472 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed JTC Team to Host the Virtual Investor 2023 Companies to Watch Event on January 17th, 18th, and 19th.

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Stocks Info

Palisade Bio Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. At the end of the last regular session, the stock closed at $2.78 and fluctuated between $2.9500 as its day high and $2.6600 as its day low. The current market capitalization of Palisade Bio Inc. is $4.98M. A total of 0.67 million shares were traded on the day, compared to an average of 3.26M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PALI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 0 SELLs from insiders. Insiders purchased 211,876 shares during that period but sold 0.

In the most recent transaction, Finley John David bought 19,481 shares of PALI for 0.14 per share on Sep 01. After the transaction, the Chief Financial Officer now owns 148,727 company shares. In a previous transaction on Aug 23, Finley John David bought 7,350 shares at 0.16 per share. PALI shares that Chief Financial Officer owns now total 129,246.

Among the insiders who bought shares, Hallam Thomas acquired of 40,000 shares on Aug 16 at a per-share price of $0.25. This resulted in the Chief Executive Officer holding 57,592 shares of PALI after the transaction. In another insider transaction, Finley John David bought 100,000 shares at $0.25 per share on Aug 16. Company shares held by the Chief Financial Officer now total 121,896.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PALI in the last 3 months, the mean price target is $25.00 with high estimates of $25.00 and low estimates of $25.00. In terms of 52-week highs and lows, PALI has a high of $81.00 and a low of $1.74.

As of this writing, PALI has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.26 in the last quarter, which was 7.10% higher than expectations of -$0.28.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 PALI is Buy with a score of 4.00. A total of 1 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 0 thought it should be Sold.

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