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 Vertex to Announce Fourth Quarter and Full Year 2023 Financial Results on February 5.
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Stocks Info
As a NASDAQ listed company, VRTX falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of Vertex Pharmaceuticals, Inc. is $112.10B. A total of 2.59 million shares were traded on the day, compared to an average of 1.44M 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, VRTX has seen 1 BUY and 6 SELL insider trades, representing the acquisition of 11,250 and the disposition of 27,702 shares. Over the last 12 months, there were 48 BUYs and 215 SELLs from insiders. Insiders purchased 452,979 shares during that period but sold 430,151.
In the most recent transaction, LEIDEN JEFFREY M sold 6,648 shares of VRTX for 419.07 per share on Jan 08. After the transaction, the Executive Chairman now owns 2,423 company shares. In a previous transaction on Jan 02, WAGNER CHARLES F JR sold 3,000 shares at 405.00 per share. VRTX shares that EVP & Chief Financial Officer owns now total 43,693.
Among the insiders who sold shares, Kewalramani Reshma disposed of 17,135 shares on Dec 15 at a per-share price of $407.00. This resulted in the CEO & President holding 108,711 shares of VRTX after the transaction. In another insider transaction, LEIDEN JEFFREY M sold 13,354 shares at $399.42 per share on Dec 13. Company shares held by the Executive Chairman now total 9,071.
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 VRTX in the last 3 months, the mean price target is $419.81 with high estimates of $500.00 and low estimates of $325.00. In terms of 52-week highs and lows, VRTX has a high of $439.77 and a low of $283.60.
As of this writing, VRTX has an earnings estimate of $4.07 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $4.43 per share and a lower estimate of $3.54. The company reported an EPS of $3.89 in the last quarter, which was 0.30% higher than expectations of $3.88.
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. VRTX’s latest balance sheet shows that the firm has $7.52B in Cash & Short Term Investments as of fiscal 2021. There were $967.40M in debt and $2.14B in liabilities at the time. Its Book Value Per Share was $64.05, while its Total Shareholder’s Equity was $10.10B.
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 VRTX is Buy with a score of 4.38.
