21.5 C
New York
Saturday, June 3, 2023

An Evaluation Of Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) Prospects

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 Spectrum Pharmaceuticals Inc. (SPPI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.005, or -0.42%, to $1.19. The Spectrum Pharmaceuticals Inc. has recorded 6,136 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Spectrum Pharmaceuticals Regains Compliance with Nasdaq Minimum Bid Price Requirement.

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

SPPI belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Spectrum Pharmaceuticals Inc. is $240.35M. A total of 0.96 million shares were traded on the day, compared to an average of 2.33M 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, SPPI has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 110,849 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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 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.

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 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 2 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

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. 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 $0.13, while its Total Shareholder’s Equity was $47.55M.

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, 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 3.00.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles