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Wednesday, June 7, 2023

Outlook Therapeutics Inc. (NASDAQ: OTLK) Could Be Viewed Differently By Investors Because Of These Numbers

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 Outlook Therapeutics Inc. (OTLK) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $1.18. The Outlook Therapeutics Inc. has recorded 9,009 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Outlook Therapeutics® to Present at the H.C. Wainwright BioConnect Investor Conference.

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Stocks Info

The company is listed on the NASDAQ and operates within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $1.18 and fluctuated between $1.2000 as its day high and $1.1600 as its day low. The current market capitalization of Outlook Therapeutics Inc. is $292.33M. A total of 0.75 million shares were traded on the day, compared to an average of 580.46K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, OTLK 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 11 BUYs and 4 SELLs from insiders. Insiders purchased 14,523,686 shares during that period but sold 431,155.

In the most recent transaction, Dagnon Terry sold 520,000 shares of OTLK for 1.14 per share on Apr 20. After the transaction, the Chief Operations Officer now owns 653,058 company shares. In a previous transaction on Jan 20, Evanson Jeff sold 267,000 shares at 1.11 per share. OTLK shares that Chief Commercial Officer owns now total 745,975.

Among the insiders who sold shares, Evanson Jeff disposed of 103,255 shares on Jan 19 at a per-share price of $1.22. This resulted in the Chief Commercial Officer holding 1,012,975 shares of OTLK after the transaction. In another insider transaction, Evanson Jeff sold 33,738 shares at $1.25 per share on Jan 18. Company shares held by the Chief Commercial Officer now total 1,116,230.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for OTLK in the last 3 months, the mean price target is $6.61 with high estimates of $10.00 and low estimates of $4.00. In terms of 52-week highs and lows, OTLK has a high of $1.70 and a low of $0.68.

As of this writing, OTLK has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.06 in the last quarter, which was 14.30% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. OTLK’s latest balance sheet shows that the firm has $14.48M in Cash & Short Term Investments as of fiscal 2021. There were $11.90M in debt and $6.75M in liabilities at the time. Its Book Value Per Share was $0.07, while its Total Shareholder’s Equity was $4.61M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 OTLK is Buy with a score of 5.00.

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