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Sunday, April 2, 2023

There Is A Quest For Clarity Surrounding Arbutus Biopharma Corporation (NASDAQ: ABUS) Volatility

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 Arbutus Biopharma Corporation (ABUS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -1.74%, to $2.83. The Arbutus Biopharma Corporation has recorded 560 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Arbutus Reports Fourth Quarter and Year End 2022 Financial Results and Corporate Update.

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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 $2.88 and fluctuated between $2.9000 as its day high and $2.8350 as its day low. The current market capitalization of Arbutus Biopharma Corporation is $442.77M. A total of 0.9 million shares were traded on the day, compared to an average of 914.06K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ABUS has seen 10 BUY and 0 SELL insider trades, representing the acquisition of 1,062,200 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 0 SELLs from insiders. Insiders purchased 1,062,200 shares during that period but sold 0.

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 ABUS in the last 3 months, the mean price target is $5.40 with high estimates of $6.00 and low estimates of $4.00. In terms of 52-week highs and lows, ABUS has a high of $3.22 and a low of $1.85.

As of this writing, ABUS has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.1 in the last quarter, which was 23.10% higher than expectations of -$0.13.

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, 5 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 ABUS is Overweight with a score of 5.00. A total of 4 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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