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Sunday, April 2, 2023

Is Pfizer Inc. (NYSE: PFE) Still On The Rise?

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 Pfizer Inc. (PFE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.07%, to $40.40. The Pfizer Inc. has recorded 574,288 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Phase 3 Study Shows XTANDI® (enzalutamide) plus Leuprolide Significantly Improves Metastasis-Free Survival in Men with Non-Metastatic Prostate Cancer.

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Stocks Info

This NYSE-listed company operates within the Drug Manufacturers – General industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $40.37 and fluctuated between $40.49 as its day high and $39.72 as its day low. The current market capitalization of Pfizer Inc. is $227.25B. A total of 21.09 million shares were traded on the day, compared to an average of 22.54M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PFE 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 11 SELLs from insiders. Insiders purchased 580,266 shares during that period but sold 116,801.

In the most recent transaction, DAMICO JENNIFER B. sold 4,218 shares of PFE for 53.96 per share on Jun 07. After the transaction, the SVP & Controller now owns 10,846 company shares. In a previous transaction on May 16, DAMICO JENNIFER B. sold 4,000 shares at 50.50 per share. PFE shares that SVP & Controller owns now total 15,064.

Among the insiders who sold shares, SAHNI PAYAL disposed of 1,408 shares on May 13 at a per-share price of $49.84. This resulted in the Executive Vice President holding 17,372 shares of PFE after the transaction. In another insider transaction, LANKLER DOUGLAS M sold 38,273 shares at $49.41 per share on May 12. Company shares held by the Executive Vice President now total 78,803.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Pfizer Inc. pays an annual dividend of $1.64, resulting in a dividend yield of 4.06%, and it has a price to earnings (P/E) ratio of 7.37. PFE’s most recent ex-dividend date was 1/26/2023 when it declared a $0.41 quarterly dividend that was paid in cash on 3/3/2023. Previously, the company paid the dividend on 12/5/2022 with an ex-dividend date of 11/3/2022. The PFE stock dividend was $0.40 per share in cash.

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 PFE in the last 3 months, the mean price target is $50.95 with high estimates of $75.00 and low estimates of $40.00. In terms of 52-week highs and lows, PFE has a high of $56.32 and a low of $39.23.

As of this writing, PFE has an earnings estimate of $1.02 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.25 per share and a lower estimate of $0.76. The company reported an EPS of $1.78 in the last quarter, which was 28.10% higher than expectations of $1.39.

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, 24 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 PFE is Sell with a score of 3.80. A total of 7 analysts rated the stock as Buy while 3 rated it as Overweight while 14 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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