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Tuesday, March 21, 2023

It’s Not Over Yet For Provention Bio Inc. (NASDAQ: PRVB)

After Hours

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 Provention Bio Inc. (PRVB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.84%, to $8.37. The Provention Bio Inc. has recorded 47,663 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Provention Bio to Report Fourth Quarter and Full Year 2022 Financial Results on March 16, 2023.

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Stocks Info

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 $8.30 and fluctuated between $8.41 as its day high and $8.15 as its day low. The current market capitalization of Provention Bio Inc. is $773.15M. A total of 0.71 million shares were traded on the day, compared to an average of 1.19M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PRVB has seen 4 BUY and 5 SELL insider trades, representing the acquisition of 199,617 and the disposition of 3,199,617 shares. Over the last 12 months, there were 4 BUYs and 5 SELLs from insiders. Insiders purchased 199,617 shares during that period but sold 3,199,617.

In the most recent transaction, Leon Francisco sold 25,985 shares of PRVB for 10.04 per share on Feb 13. After the transaction, the Chief Scientific Officer now owns 1,573,000 company shares. In a previous transaction on Feb 13, Palmer Ashleigh sold 25,835 shares at 10.04 per share. PRVB shares that Director and CEO owns now total 2,570,050.

Among the insiders who sold shares, Leon Francisco disposed of 50,000 shares on Feb 10 at a per-share price of $10.11. This resulted in the Chief Scientific Officer holding 1,573,000 shares of PRVB after the transaction. In another insider transaction, Palmer Ashleigh sold 50,000 shares at $10.11 per share on Feb 10. Company shares held by the Director and CEO now total 2,570,050.

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 PRVB in the last 3 months, the mean price target is $19.43 with high estimates of $30.00 and low estimates of $15.00. In terms of 52-week highs and lows, PRVB has a high of $10.88 and a low of $3.18.

As of this writing, PRVB has an earnings estimate of -$0.48 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$1.23. The company reported an EPS of -$0.46 in the last quarter, which was 8.00% higher than expectations of -$0.5.

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.

Analysts Opinion

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, 7 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 PRVB is Overweight with a score of 5.00. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 0 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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