After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that Avadel Pharmaceuticals Announces Strong LUMRYZ Launch Performance and Provides Preliminary Fourth Quarter and Full Year 2023 Financial Highlights.
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Stocks Info
As a NASDAQ listed company, AVDL falls under the Healthcare sector while operating within the Drug Manufacturers – Specialty & Generic industry segment. At the end of the last regular session, the stock closed at $15.39 and fluctuated between $15.45 as its day high and $14.71 as its day low. The current market capitalization of Avadel Pharmaceuticals plc ADR is $1.38B. A total of 2.19 million shares were traded on the day, compared to an average of 807.59K shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AVDL 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 1 BUYs and 0 SELLs from insiders. Insiders purchased 13,000 shares during that period but sold 0.
In the most recent transaction, MCHUGH THOMAS S bought 2,000 shares of AVDL for 14.50 per share on Jan 16. After the transaction, the Chief Financial Officer now owns 80,500 company shares. In a previous transaction on Dec 28, McCamish Mark Anthony sold 75,000 shares at 14.53 per share. AVDL shares that Director owns now total 67,025.
Among the insiders who bought shares, MCHUGH THOMAS S acquired of 2,000 shares on Aug 14 at a per-share price of $14.45. This resulted in the Chief Financial Officer holding 78,500 shares of AVDL after the transaction. In another insider transaction, McCamish Mark Anthony sold 28,975 shares at $14.93 per share on Aug 11. Company shares held by the Director now total 142,025.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AVDL in the last 3 months, the mean price target is $20.78 with high estimates of $27.00 and low estimates of $18.00. In terms of 52-week highs and lows, AVDL has a high of $17.24 and a low of $6.35.
As of this writing, AVDL has an earnings estimate of -$0.29 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.23 per share and a lower estimate of -$0.34. The company reported an EPS of -$0.83 in the last quarter, which was -118.40% lower than expectations of -$0.38.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. AVDL’s latest balance sheet shows that the firm has $157.22M in Cash & Short Term Investments as of fiscal 2021. There were $145.00M in debt and $21.00M in liabilities at the time. Its Book Value Per Share was $1.16, while its Total Shareholder’s Equity was $78.24M.
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 AVDL is Buy with a score of 4.89.
