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 Innospec Inc. (IOSP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.71, or -0.65%, to $108.41. The Innospec Inc. has recorded 3,760 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Innospec Reports Second Quarter 2023 Financial Results.
Innospec Inc. is listed on the NASDAQ as a member of the Basic Materials sector and is a part of the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $109.12 and fluctuated between $110.62 as its day high and $108.35 as its day low. The current market capitalization of Innospec Inc. is $2.67B. A total of 83738.0 shares were traded on the day, compared to an average of 77.19K shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, IOSP 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 40 BUYs and 44 SELLs from insiders. Insiders purchased 79,964 shares during that period but sold 79,413.
In the most recent transaction, Poccia Claudia sold 739 shares of IOSP for 99.20 per share on May 22. After the transaction, the Director now owns 600 company shares. In a previous transaction on May 10, PARRETTE LESLIE J bought 515 shares at 96.75 per share. IOSP shares that Director owns now total 3,210.
Among the insiders who bought shares, BARNES CORBIN acquired of 400 shares on Mar 17 at a per-share price of $99.75. This resulted in the SVP, Corporate Dev and IR holding 1,847 shares of IOSP after the transaction. In another insider transaction, BARNES CORBIN bought 1,250 shares at $106.00 per share on Mar 07. Company shares held by the SVP, Corporate Dev and IR now total 1,447.
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Innospec Inc. pays an annual dividend of $1.34, resulting in a dividend yield of 1.23%, and it has a price to earnings (P/E) ratio of 21.58. IOSP’s most recent ex-dividend date was 5/19/2023 when it declared a $0.69 quarterly dividend that was paid in cash on 5/31/2023. Previously, the company paid the dividend on 11/28/2022 with an ex-dividend date of 11/18/2022. The IOSP stock dividend was $0.65 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for IOSP in the last 3 months, the mean price target is $123.50 with high estimates of $125.00 and low estimates of $122.00. In terms of 52-week highs and lows, IOSP has a high of $116.00 and a low of $83.13.
As of this writing, IOSP has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.48 per share and a lower estimate of $1.42. The company reported an EPS of $1.38 in the last quarter, which was 17.90% higher than expectations of $1.17.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. IOSP’s latest balance sheet shows that the firm has $141.80M in Cash & Short Term Investments as of fiscal 2021. There were $35.60M in debt and $336.60M in liabilities at the time. Its Book Value Per Share was $43.92, while its Total Shareholder’s Equity was $1.03B.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 IOSP is Buy with a score of 3.50.