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. The stock was recently discussed on Yahoo Finance as it revealed that Outlook Therapeutics® Reports Financial Results for Fiscal Year 2023 and Reiterates ONS-5010 Clinical and Regulatory Path Forward in the U.S. and EU.
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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 $0.37 and fluctuated between $0.3843 as its day high and $0.3630 as its day low. The current market capitalization of Outlook Therapeutics Inc is $97.16M. A total of 0.52 million shares were traded on the day, compared to an average of 6.71M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, OTLK 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 4 SELLs from insiders. Insiders purchased 0 shares during that period but sold 923,993.
In the most recent transaction, Dagnon Terry sold 520,000 shares of OTLK for 1.14 per share on Apr 20. After the transaction, the Chief Operations Officer now owns 653,058 company shares. In a previous transaction on Jan 20, Evanson Jeff sold 267,000 shares at 1.11 per share. OTLK shares that Chief Commercial Officer owns now total 745,975.
Among the insiders who sold shares, Evanson Jeff disposed of 103,255 shares on Jan 19 at a per-share price of $1.22. This resulted in the Chief Commercial Officer holding 1,012,975 shares of OTLK after the transaction.
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 OTLK in the last 3 months, the mean price target is $2.50 with high estimates of $5.00 and low estimates of $1.00. In terms of 52-week highs and lows, OTLK has a high of $2.03 and a low of $0.20.
As of this writing, OTLK has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.08 in the last quarter, which was -60.00% lower than expectations of -$0.05.
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. OTLK’s latest balance sheet shows that the firm has $14.48M in Cash & Short Term Investments as of fiscal 2021. There were $11.90M in debt and $6.75M in liabilities at the time. Its Book Value Per Share was -$0.06, while its Total Shareholder’s Equity was $4.61M.
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 OTLK is Buy with a score of 3.63.
