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Wednesday, September 27, 2023

Are Things Looking Up For Corcept Therapeutics Incorporated (NASDAQ: CORT)?

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 Corcept Therapeutics Incorporated (CORT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $32.94. The Corcept Therapeutics Incorporated has recorded 86,064 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Corcept Therapeutics Announces Second Quarter Financial Results and Provides Corporate Update.

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Stocks Info

The company is listed on the NASDAQ and operates within the Biotechnology industry segment. The current market capitalization of Corcept Therapeutics Incorporated is $3.40B. A total of 0.82 million shares were traded on the day, compared to an average of 622.13K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CORT has seen 7 BUY and 7 SELL insider trades, representing the acquisition of 67,850 and the disposition of 37,995 shares. Over the last 12 months, there were 39 BUYs and 28 SELLs from insiders. Insiders purchased 345,482 shares during that period but sold 315,238.

In the most recent transaction, Swisher Daniel N JR sold 2,200 shares of CORT for 32.90 per share on Sep 05. After the transaction, the Director now owns 0 company shares. In a previous transaction on Sep 01, Lyon Joseph Douglas sold 5,000 shares at 32.73 per share. CORT shares that Chief Accounting Officer owns now total 5,132.

Among the insiders who sold shares, Swisher Daniel N JR disposed of 1,550 shares on Sep 01 at a per-share price of $32.73. This resulted in the Director holding 0 shares of CORT after the transaction. In another insider transaction, Lyon Joseph Douglas sold 4,588 shares at $31.19 per share on Aug 21. Company shares held by the Chief Accounting Officer now total 5,132.

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 CORT in the last 3 months, the mean price target is $33.42 with high estimates of $47.50 and low estimates of $26.00. In terms of 52-week highs and lows, CORT has a high of $33.26 and a low of $17.86.

As of this writing, CORT has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.16. The company reported an EPS of $0.14 in the last quarter, which was -26.30% lower than expectations of $0.19.

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. CORT’s latest balance sheet shows that the firm has $335.81M in Cash & Short Term Investments as of fiscal 2021. There were $526.00k in debt and $6.91M in liabilities at the time. Its Book Value Per Share was $4.13, while its Total Shareholder’s Equity was $375.81M.

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 CORT is Buy with a score of 3.88.

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