An Evaluation Of Halozyme Therapeutics Inc. (NASDAQ: HALO) Prospects

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed HALOZYME REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL AND OPERATING RESULTS.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

HALO belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $39.72 and fluctuated between $40.32 as its day high and $38.14 as its day low. The current market capitalization of Halozyme Therapeutics Inc. is $5.04B. A total of 1.76 million shares were traded on the day, compared to an average of 1.34M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HALO 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 33 BUYs and 28 SELLs from insiders. Insiders purchased 277,504 shares during that period but sold 252,984.

In the most recent transaction, LaBarre Michael J. sold 10,000 shares of HALO for 36.00 per share on Jan 17. After the transaction, the SVP, CHIEF TECHNICAL OFFICER now owns 151,911 company shares. In a previous transaction on Jan 16, LaBarre Michael J. sold 10,000 shares at 36.00 per share. HALO shares that SVP, CHIEF TECHNICAL OFFICER owns now total 151,911.

Among the insiders who sold shares, LaBarre Michael J. disposed of 10,000 shares on Dec 13 at a per-share price of $40.39. This resulted in the SVP, CHIEF TECHNICAL OFFICER holding 151,911 shares of HALO after the transaction. In another insider transaction, LaBarre Michael J. sold 10,000 shares at $39.63 per share on Dec 12. Company shares held by the SVP, CHIEF TECHNICAL OFFICER now total 151,911.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HALO in the last 3 months, the mean price target is $48.10 with high estimates of $72.00 and low estimates of $28.00. In terms of 52-week highs and lows, HALO has a high of $51.45 and a low of $29.85.

As of this writing, HALO has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.83 per share and a lower estimate of $0.69. The company reported an EPS of $0.75 in the last quarter, which was 5.60% higher than expectations of $0.71.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HALO’s latest balance sheet shows that the firm has $740.92M in Cash & Short Term Investments as of fiscal 2021. There were $876.67M in debt and $117.15M in liabilities at the time. Its Book Value Per Share was $0.66, while its Total Shareholder’s Equity was $196.95M.

Analysts Opinion

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. 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 HALO is Buy with a score of 4.30.

Most Popular

Related Posts