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Tuesday, September 26, 2023

Taking On Challenges And Growing? – NeuBase Therapeutics Inc. (NBSE)

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 NeuBase Therapeutics Inc. (NBSE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -1.53%, to $1.29. The NeuBase Therapeutics Inc. has recorded 33,928 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that NeuBase Therapeutics Issues Statement Regarding Filing By Shareholder.

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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 $1.31 and fluctuated between $1.4700 as its day high and $1.2518 as its day low. The current market capitalization of NeuBase Therapeutics Inc. is $3.67M. A total of 0.75 million shares were traded on the day, compared to an average of 2.17M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NBSE 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 4 BUYs and 0 SELLs from insiders. Insiders purchased 1,612,200 shares during that period but sold 0.

In the most recent transaction, Symetryx Corp sold 3,376 shares of NBSE for 1.44 per share on Sep 11. After the transaction, the 10% Owner now owns 472,926 company shares. In a previous transaction on Sep 08, Symetryx Corp sold 128,847 shares at 1.53 per share. NBSE shares that 10% Owner owns now total 476,302.

Among the insiders who sold shares, Symetryx Corp disposed of 74,852 shares on Sep 07 at a per-share price of $1.80. This resulted in the 10% Owner holding 605,149 shares of NBSE after the transaction. In another insider transaction, Symetryx Corp bought 61,076 shares at $0.98 per share on Sep 01. Company shares held by the 10% Owner now total 680,081.

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 NBSE in the last 3 months, the mean price target is $200.00 with high estimates of $200.00 and low estimates of $200.00. In terms of 52-week highs and lows, NBSE has a high of $12.40 and a low of $0.61.

As of this writing, NBSE has an earnings estimate of -$1.8 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$1.8 per share and a lower estimate of -$1.8. The company reported an EPS of -$2.4 in the last quarter, which was -4.30% lower than expectations of -$2.3.

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. NBSE’s latest balance sheet shows that the firm has $52.89M in Cash & Short Term Investments as of fiscal 2021. There were $6.54M in debt and $4.19M in liabilities at the time. Its Book Value Per Share was $6.64, while its Total Shareholder’s Equity was $54.07M.

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 NBSE is Buy with a score of 3.00.

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