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Tuesday, June 6, 2023

Investors’ Patience Is Being Tested Right Now By Corcept Therapeutics Incorporated (NASDAQ: CORT)

After Hours

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. After-hours trades for Corcept Therapeutics Incorporated (CORT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $23.76. The Corcept Therapeutics Incorporated has recorded 12,549 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Corcept Therapeutics Announces First Quarter Financial Results and Provides Corporate Update.

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Stocks Info

Corcept Therapeutics Incorporated is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. At the end of the last regular session, the stock closed at $23.76 and fluctuated between $24.18 as its day high and $23.75 as its day low. The current market capitalization of Corcept Therapeutics Incorporated is $2.41B. A total of 0.69 million shares were traded on the day, compared to an average of 893.90K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CORT has seen 10 BUY and 0 SELL insider trades, representing the acquisition of 13,894 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 31 SELLs from insiders. Insiders purchased 1,732,517 shares during that period but sold 1,568,439.

In the most recent transaction, Maduck Sean sold 625 shares of CORT for 25.28 per share on Dec 01. After the transaction, the insider now owns 56,462 company shares. In a previous transaction on Nov 23, Robb Gary Charles sold 186 shares at 26.03 per share. CORT shares that Chief Business Officer owns now total 21,143.

Among the insiders who sold shares, Robb Gary Charles disposed of 4,814 shares on Nov 22 at a per-share price of $26.03. This resulted in the Chief Business Officer holding 21,329 shares of CORT after the transaction. In another insider transaction, Robb Gary Charles sold 13,401 shares at $26.43 per share on Nov 18. Company shares held by the Chief Business Officer now total 26,143.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CORT in the last 3 months, the mean price target is $29.43 with high estimates of $44.00 and low estimates of $20.00. In terms of 52-week highs and lows, CORT has a high of $30.14 and a low of $17.19.

As of this writing, CORT has an earnings estimate of $0.17 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.11. The company reported an EPS of $0.14 in the last quarter, which was -36.40% lower than expectations of $0.22.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CORT’s latest balance sheet shows that the firm has $335.81M in Cash & Short Term Investments as of fiscal 2021. There were $526.00k in debt and $6.91M in liabilities at the time. Its Book Value Per Share was $4.91, while its Total Shareholder’s Equity was $375.81M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 CORT is Buy with a score of 3.88.

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