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Saturday, June 3, 2023

Are Things Looking Up For Twist Bioscience Corporation (NASDAQ: TWST)?

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 Twist Bioscience Corporation (TWST) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.20, or -1.34%, to $14.72. The Twist Bioscience Corporation has recorded 58,011 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Twist Bioscience Appoints Robert Werner as Chief Accounting Officer.

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Stocks Info

The company is listed on the NASDAQ and operates within the Diagnostics & Research industry segment. At the end of the last regular session, the stock closed at $14.92 and fluctuated between $16.75 as its day high and $14.85 as its day low. The current market capitalization of Twist Bioscience Corporation is $857.90M. A total of 2.6 million shares were traded on the day, compared to an average of 1.38M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TWST has seen 0 BUY and 16 SELL insider trades, representing the acquisition of 0 and the disposition of 8,420 shares. Over the last 12 months, there were 20 BUYs and 100 SELLs from insiders. Insiders purchased 272,971 shares during that period but sold 80,841.

In the most recent transaction, Cho Dennis bought 10,000 shares of TWST for 13.20 per share on May 10. After the transaction, the insider now owns 29,297 company shares. In a previous transaction on Feb 09, Starovasnik Melissa A. sold 1,732 shares at 26.45 per share. TWST shares that Director owns now total 11,340.

Among the insiders who sold shares, JOHANNESSEN JAN disposed of 1,732 shares on Feb 09 at a per-share price of $26.45. This resulted in the Director holding 11,616 shares of TWST after the transaction. In another insider transaction, Banyai William sold 292 shares at $24.05 per share on Jan 04. Company shares held by the now total 272,614.

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 TWST in the last 3 months, the mean price target is $21.25 with high estimates of $33.00 and low estimates of $11.00. In terms of 52-week highs and lows, TWST has a high of $58.76 and a low of $11.46.

As of this writing, TWST has an earnings estimate of -$1.14 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$1.02 per share and a lower estimate of -$1.23. The company reported an EPS of -$0.74 in the last quarter, which was 34.50% higher than expectations of -$1.13.

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. TWST’s latest balance sheet shows that the firm has $477.86M in Cash & Short Term Investments as of fiscal 2021. There were $62.92M in debt and $63.05M in liabilities at the time. Its Book Value Per Share was $12.40, while its Total Shareholder’s Equity was $580.82M.

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 TWST is Buy with a score of 4.11.

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