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. After-hours trades for Omega Therapeutics Inc. (OMGA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.41, or -4.74%, to $8.24. The Omega Therapeutics Inc. has recorded 1,258 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Omega Therapeutics to Participate in the Piper Sandler 34th Annual Healthcare Conference.
This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $8.65 and fluctuated between $11.02 as its day high and $7.00 as its day low. The current market capitalization of Omega Therapeutics Inc. is $526.09M. A total of 0.38 million shares were traded on the day, compared to an average of 41.28K shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, OMGA 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 1 BUYs and 1 SELLs from insiders. Insiders purchased 11,300 shares during that period but sold 10,000.
In the most recent transaction, Young Richard A sold 20,000 shares of OMGA for 8.00 per share on Jan 10. After the transaction, the Director now owns 764,118 company shares. In a previous transaction on Sep 14, Young Richard A sold 10,000 shares at 8.00 per share. OMGA shares that Director owns now total 784,118.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for OMGA in the last 3 months, the mean price target is $15.00 with high estimates of $30.00 and low estimates of $4.00. In terms of 52-week highs and lows, OMGA has a high of $14.31 and a low of $1.98.
As of this writing, OMGA has an earnings estimate of -$0.62 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.56 per share and a lower estimate of -$0.7. The company reported an EPS of -$0.42 in the last quarter, which was 26.30% higher than expectations of -$0.57.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
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. Currently, 6 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 OMGA is Overweight with a score of 4.67. A total of 5 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.