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Wednesday, December 6, 2023

Make Sure You Stick With Durect Corp (DRRX). It’s Bull Time Again

After Hours

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. After-hours trades for Durect Corp (DRRX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0001, or -0.02%, to $0.6476. The Durect Corp has recorded 2,794 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed DURECT Corporation Reports Third Quarter 2023 Financial Results and Business Update.

Stocks Info

Durect Corp is listed on the NASDAQ in the Healthcare sector while operating in the Drug Manufacturers – Specialty & Generic industry. The current market capitalization of Durect Corp is $19.32M. A total of 0.96 million shares were traded on the day, compared to an average of 697.29K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DRRX 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 0 BUYs and 1 SELLs from insiders. Insiders purchased 0 shares during that period but sold 3,498.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DRRX in the last 3 months, the mean price target is $19.38 with high estimates of $37.00 and low estimates of $5.00. In terms of 52-week highs and lows, DRRX has a high of $9.50 and a low of $0.47.

As of this writing, DRRX has an earnings estimate of -$0.33 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.25 per share and a lower estimate of -$0.43. The company reported an EPS of -$0.46 in the last quarter, which was 9.80% higher than expectations of -$0.51.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DRRX’s latest balance sheet shows that the firm has $69.81M in Cash & Short Term Investments as of fiscal 2021. There were $24.30M in debt and $10.06M in liabilities at the time. Its Book Value Per Share was $0.51, while its Total Shareholder’s Equity was $57.78M.

Analysts Opinion

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. 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 DRRX is Buy with a score of 4.33.

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