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Saturday, June 3, 2023

Is Lifecore Biomedical Inc. (NASDAQ: LFCR) Still On The Rise?

After Hours

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. After-hours trades for Lifecore Biomedical Inc. (LFCR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.12%, to $8.36. The Lifecore Biomedical Inc. has recorded 4,704 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Lifecore Biomedical Enters into $150.0 Million in New Financing, Repays its Outstanding Term Loans and Signs New Supply Agreement to Expand HA Fermentation Capacity with Existing Long-Term Customer.

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Stocks Info

This NASDAQ-listed company operates within the Drug Manufacturers – Specialty & Generic industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $8.35 and fluctuated between $9.10 as its day high and $8.10 as its day low. The current market capitalization of Lifecore Biomedical Inc. is $235.22M. A total of 0.8 million shares were traded on the day, compared to an average of 1.18M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LFCR 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 19 BUYs and 1 SELLs from insiders. Insiders purchased 1,591,678 shares during that period but sold 3,060.

In the most recent transaction, WYNNEFIELD PARTNERS SMALL CAP bought 345,260 shares of LFCR for 7.97 per share on Nov 25. After the transaction, the 10% Owner now owns 1,972,853 company shares. In a previous transaction on Nov 25, WYNNEFIELD PARTNERS SMALL CAP bought 282,486 shares at 7.97 per share. LFCR shares that 10% Owner owns now total 2,438,180.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LFCR in the last 3 months, the mean price target is $6.00 with high estimates of $10.00 and low estimates of $2.00. In terms of 52-week highs and lows, LFCR has a high of $11.95 and a low of $1.52.

As of this writing, LFCR has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.13. The company reported an EPS of -$0.32 in the last quarter, which was -146.20% lower than expectations of -$0.13.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LFCR’s latest balance sheet shows that the firm has $1.64M in Cash & Short Term Investments as of fiscal 2022. There were $153.09M in debt and $79.41M in liabilities at the time. Its Book Value Per Share was $2.50, while its Total Shareholder’s Equity was $108.14M.

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 LFCR is Buy with a score of 4.00.

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