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Sunday, April 2, 2023

Momentum Is Strong For Kala Pharmaceuticals Inc. (NASDAQ: KALA)

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 Kala Pharmaceuticals Inc. (KALA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.05%, to $18.80. The Kala Pharmaceuticals Inc. has recorded 15,031 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Kala Pharmaceuticals Reports Fourth Quarter and Full Year 2022 Financial Results and Provides Corporate Update.

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Stocks Info

This NASDAQ-listed company operates within the Drug Manufacturers – Specialty & Generic industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $18.81 and fluctuated between $21.06 as its day high and $18.58 as its day low. The current market capitalization of Kala Pharmaceuticals Inc. is $19.56M. A total of 1.22 million shares were traded on the day, compared to an average of 2.76M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KALA has seen 6 BUY and 5 SELL insider trades, representing the acquisition of 95,875 and the disposition of 453 shares. Over the last 12 months, there were 6 BUYs and 19 SELLs from insiders. Insiders purchased 95,875 shares during that period but sold 3,856,314.

In the most recent transaction, Iwicki Mark T sold 198 shares of KALA for 28.54 per share on Jan 04. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 45,966 company shares. In a previous transaction on Jan 04, Brazzell Romulus K sold 73 shares at 28.53 per share. KALA shares that insider owns now total 18,536.

Among the insiders who sold shares, Bazemore Todd disposed of 62 shares on Jan 04 at a per-share price of $28.54. This resulted in the insider holding 14,835 shares of KALA after the transaction. In another insider transaction, Trachtenberg Eric sold 60 shares at $28.55 per share on Jan 04. Company shares held by the insider now total 11,495.

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 KALA in the last 3 months, the mean price target is $33.00 with high estimates of $42.00 and low estimates of $20.00. In terms of 52-week highs and lows, KALA has a high of $97.00 and a low of $3.54.

As of this writing, KALA has an earnings estimate of -$6.55 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$5.11 per share and a lower estimate of -$8. The company reported an EPS of -$19 in the last quarter, which was 12.60% higher than expectations of -$21.75.

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, 3 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 KALA is Buy with a score of 5.00. A total of 3 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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