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. Recently, Yahoo Finance discussed the stock, revealing that Alkermes plc Reports Financial Results for the Fourth Quarter and Year Ended Dec. 31, 2023 and Provides Financial Expectations for 2024.
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Stocks Info
As a NASDAQ listed company, ALKS 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 $29.18 and fluctuated between $30.64 as its day high and $29.13 as its day low. The current market capitalization of Alkermes plc is $4.87B. A total of 2.23 million shares were traded on the day, compared to an average of 2.47M 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, ALKS 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 26 BUYs and 25 SELLs from insiders. Insiders purchased 187,080 shares during that period but sold 112,872.
In the most recent transaction, LAURENCIN CATO T sold 2,690 shares of ALKS for 31.85 per share on Feb 15. After the transaction, the Director now owns 15,169 company shares. In a previous transaction on Jun 08, LAURENCIN CATO T sold 2,638 shares at 31.85 per share. ALKS shares that Director owns now total 7,479.
Among the insiders who sold shares, LAURENCIN CATO T disposed of 2,800 shares on Jun 07 at a per-share price of $31.50. This resulted in the Director holding 7,479 shares of ALKS after the transaction. In another insider transaction, Nichols Christian Todd sold 27,134 shares at $28.93 per share on May 30. Company shares held by the SVP, Chief Commercial Officer now total 40,984.
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 ALKS in the last 3 months, the mean price target is $34.64 with high estimates of $43.00 and low estimates of $25.00. In terms of 52-week highs and lows, ALKS has a high of $32.88 and a low of $20.46.
As of this writing, ALKS has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.58. The company reported an EPS of $0.64 in the last quarter, which was 45.50% higher than expectations of $0.44.
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. ALKS’s latest balance sheet shows that the firm has $536.31M in Cash & Short Term Investments as of fiscal 2021. There were $416.21M in debt and $471.29M in liabilities at the time. Its Book Value Per Share was $7.20, while its Total Shareholder’s Equity was $1.11B.
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 ALKS is Buy with a score of 4.00.
