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Tuesday, June 6, 2023

There Is A Quest For Clarity Surrounding Context Therapeutics Inc. (NASDAQ: CNTX) Volatility

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 Context Therapeutics Inc. (CNTX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0101, or 1.20%, to $0.8501. The Context Therapeutics Inc. has recorded 80,063 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Context Therapeutics Reports First Quarter 2023 Operating and Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $0.84 and fluctuated between $0.9000 as its day high and $0.7701 as its day low. The current market capitalization of Context Therapeutics Inc. is $11.52M. A total of 0.53 million shares were traded on the day, compared to an average of 108.50K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CNTX 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 12 BUYs and 0 SELLs from insiders. Insiders purchased 126,118 shares during that period but sold 0.

In the most recent transaction, Lehr Martin A. bought 5,823 shares of CNTX for 0.84 per share on Feb 21. After the transaction, the Chief Executive Officer now owns 159,701 company shares. In a previous transaction on Feb 13, Lehr Martin A. bought 5,606 shares at 0.87 per share. CNTX shares that Chief Executive Officer owns now total 153,878.

Among the insiders who bought shares, Lehr Martin A. acquired of 5,040 shares on Feb 06 at a per-share price of $0.97. This resulted in the Chief Executive Officer holding 148,272 shares of CNTX after the transaction. In another insider transaction, Lehr Martin A. bought 7,027 shares at $0.70 per share on Jan 30. Company shares held by the Chief Executive Officer now total 143,232.

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 CNTX in the last 3 months, the mean price target is $0.56 with high estimates of $0.56 and low estimates of $0.56. In terms of 52-week highs and lows, CNTX has a high of $2.52 and a low of $0.47.

As of this writing, CNTX has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

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. CNTX’s latest balance sheet shows that the firm has $49.64M in Cash & Short Term Investments as of fiscal 2021. There were $5.95M in debt and $3.03M in liabilities at the time. Its Book Value Per Share was $1.80, while its Total Shareholder’s Equity was $48.27M.

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 CNTX is Buy with a score of 3.00.

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