After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Disc Medicine Opco Inc (IRON) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.00, or 1.89%, to $54.00. The Disc Medicine Opco Inc has recorded 493,960 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Disc Medicine to Participate in Upcoming Investor Conferences.
IRON belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $53.00 and fluctuated between $53.60 as its day high and $52.27 as its day low. The current market capitalization of Disc Medicine Opco Inc is $1.21B. A total of 1.89 million shares were traded on the day, compared to an average of 214.59K shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, IRON has seen 4 BUY and 28 SELL insider trades, representing the acquisition of 16,001 and the disposition of 1,547,373 shares. Over the last 12 months, there were 17 BUYs and 29 SELLs from insiders. Insiders purchased 5,547,140 shares during that period but sold 1,569,873.
In the most recent transaction, Bryce Joanne sold 1,000 shares of IRON for 52.99 per share on Sep 01. After the transaction, the Chief Financial Officer now owns 1,260 company shares. In a previous transaction on Aug 15, Atlas Venture Fund X, L.P. sold 111,069 shares at 52.40 per share. IRON shares that 10% Owner owns now total 1,951,234.
Among the insiders who sold shares, Bitterman Kevin disposed of 72,931 shares on Aug 15 at a per-share price of $52.40. This resulted in the Director holding 882,224 shares of IRON after the transaction. In another insider transaction, Atlas Venture Fund X, L.P. sold 72,931 shares at $52.40 per share on Aug 15. Company shares held by the 10% Owner now total 882,224.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IRON in the last 3 months, the mean price target is $67.11 with high estimates of $79.00 and low estimates of $56.00. In terms of 52-week highs and lows, IRON has a high of $57.70 and a low of $11.80.
As of this writing, IRON has an earnings estimate of -$0.8 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.67 per share and a lower estimate of -$1.18. The company reported an EPS of -$1.2 in the last quarter, which was -76.50% lower than expectations of -$0.68.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IRON’s latest balance sheet shows that the firm has $88.04M in Cash & Short Term Investments as of fiscal 2021. There were $1.65M in debt and $13.42M in liabilities at the time. Its Book Value Per Share was $17.28, while its Total Shareholder’s Equity was -$64.20M.
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. 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 IRON is Buy with a score of 5.00.