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Saturday, June 3, 2023

Searching For Real Value In Market Debris At Alkermes plc (NASDAQ: ALKS)

After Hours

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 Alkermes plc (ALKS) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $29.35. The Alkermes plc has recorded 49,503 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Alkermes Highlights Data From Psychiatry Portfolio at Spring 2023 Scientific Conferences.

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Stocks Info

As a NASDAQ listed company, ALKS falls under the Healthcare sector while operating within the Drug Manufacturers – Specialty & Generic industry segment. At the end of the last regular session, the stock closed at $29.35 and fluctuated between $29.75 as its day high and $29.05 as its day low. The current market capitalization of Alkermes plc is $4.83B. A total of 0.93 million shares were traded on the day, compared to an average of 1.26M shares.

Insider Activity

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, ALKS 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 49 BUYs and 45 SELLs from insiders. Insiders purchased 533,964 shares during that period but sold 170,034.

In the most recent transaction, Wysenski Nancy sold 41,250 shares of ALKS for 31.24 per share on May 09. After the transaction, the Director now owns 15,829 company shares. In a previous transaction on Nov 14, Daglio David Angelo Jr. bought 35,000 shares at 23.31 per share. ALKS shares that Director owns now total 80,000.

Among the insiders who sold shares, Nichols Christian Todd disposed of 7,474 shares on Jun 21 at a per-share price of $28.26. This resulted in the SVP, Chief Commercial Officer holding 21,035 shares of ALKS after the transaction.

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 ALKS in the last 3 months, the mean price target is $34.90 with high estimates of $48.00 and low estimates of $30.00. In terms of 52-week highs and lows, ALKS has a high of $32.23 and a low of $21.75.

As of this writing, ALKS has an earnings estimate of $0.01 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 -$0.03. The company reported an EPS of $0.14 in the last quarter, which was 180.00% higher than expectations of $0.05.

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. ALKS’s latest balance sheet shows that the firm has $765.74M in Cash & Short Term Investments as of fiscal 2021. There were $295.80M in debt and $471.29M in liabilities at the time. Its Book Value Per Share was $6.09, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

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 ALKS is Buy with a score of 3.89.

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