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. After-hours trades for Spectrum Pharmaceuticals Inc. (SPPI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.85%, to $1.17. The Spectrum Pharmaceuticals Inc. has recorded 112,290 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Spectrum Pharmaceuticals Reports First Quarter 2023 Financial Results and Corporate Update.
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As a NASDAQ listed company, SPPI falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $1.18 and fluctuated between $1.2400 as its day high and $1.1600 as its day low. The current market capitalization of Spectrum Pharmaceuticals Inc. is $244.08M. A total of 2.4 million shares were traded on the day, compared to an average of 2.34M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SPPI has seen 0 BUY and 8 SELL insider trades, representing the acquisition of 0 and the disposition of 159,848 shares. Over the last 12 months, there were 14 BUYs and 19 SELLs from insiders. Insiders purchased 2,968,052 shares during that period but sold 458,351.
In the most recent transaction, Riga Thomas J sold 31,381 shares of SPPI for 0.80 per share on Mar 15. After the transaction, the CEO & President now owns 472,411 company shares. In a previous transaction on Mar 15, McGahan Keith M sold 27,197 shares at 0.80 per share. SPPI shares that Chief Legal Officer owns now total 189,325.
Among the insiders who sold shares, Riga Thomas J disposed of 18,153 shares on Mar 14 at a per-share price of $0.82. This resulted in the CEO & President holding 503,792 shares of SPPI after the transaction. In another insider transaction, McGahan Keith M sold 15,733 shares at $0.82 per share on Mar 14. Company shares held by the Chief Legal Officer now total 216,522.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. SPPI’s most recent ex-dividend date was 12/18/2012 when it declared a $0.15 quarterly dividend that was paid in cash on 12/28/2012.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SPPI in the last 3 months, the mean price target is $1.26 with high estimates of $1.50 and low estimates of $1.14. In terms of 52-week highs and lows, SPPI has a high of $1.57 and a low of $0.31.
As of this writing, SPPI has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.07. The company reported an EPS of -$0.05 in the last quarter, which was 54.50% higher than expectations of -$0.11.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SPPI’s latest balance sheet shows that the firm has $100.65M in Cash & Short Term Investments as of fiscal 2021. There were $1.28M in debt and $53.23M in liabilities at the time. Its Book Value Per Share was $0.14, while its Total Shareholder’s Equity was $47.55M.
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, 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 SPPI is Buy with a score of 3.40.