12.2 C
New York
Monday, June 5, 2023

Is Harmony Biosciences Holdings Inc. (NASDAQ: HRMY) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Harmony Biosciences Holdings Inc. (HRMY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.41, or -1.14%, to $35.58. The Harmony Biosciences Holdings Inc. has recorded 28,252 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Harmony Biosciences Reports First Quarter 2023 Financial Results and Business Updates.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


Stocks Info

HRMY belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $35.99 and fluctuated between $36.71 as its day high and $34.51 as its day low. The current market capitalization of Harmony Biosciences Holdings Inc. is $2.09B. A total of 1.11 million shares were traded on the day, compared to an average of 966.70K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HRMY 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 61 SELLs from insiders. Insiders purchased 189,144 shares during that period but sold 2,981,186.

In the most recent transaction, Nielsen Jack sold 2,834 shares of HRMY for 59.96 per share on Dec 14. After the transaction, the Director now owns 2,571,024 company shares. In a previous transaction on Dec 14, Wicki Andreas sold 130 shares at 60.00 per share. HRMY shares that Director owns now total 2,147,943.

Among the insiders who sold shares, Wicki Andreas disposed of 6,320 shares on Dec 13 at a per-share price of $60.13. This resulted in the Director holding 2,148,073 shares of HRMY after the transaction. In another insider transaction, Wicki Andreas sold 22,391 shares at $60.36 per share on Dec 12. Company shares held by the Director now total 2,154,393.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HRMY in the last 3 months, the mean price target is $60.67 with high estimates of $75.00 and low estimates of $38.00. In terms of 52-week highs and lows, HRMY has a high of $62.08 and a low of $29.81.

As of this writing, HRMY has an earnings estimate of $0.63 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.53. The company reported an EPS of $0.79 in the last quarter, which was 36.20% higher than expectations of $0.58.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HRMY’s latest balance sheet shows that the firm has $234.31M in Cash & Short Term Investments as of fiscal 2021. There were $191.98M in debt and $53.77M in liabilities at the time. Its Book Value Per Share was $6.78, while its Total Shareholder’s Equity was $186.51M.

Analysts Opinion

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. Currently, 9 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 HRMY is Overweight with a score of 4.33. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles