Momentum Is Strong For Adial Pharmaceuticals Inc (NASDAQ: ADIL)

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. Earlier, Yahoo Finance discussed this stock as it revealed Adial Pharmaceuticals Announces Exercise of Warrants for $3.5 Million Gross Proceeds.

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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 $2.79 and fluctuated between $2.9700 as its day high and $2.2900 as its day low. The current market capitalization of Adial Pharmaceuticals Inc is $4.63M. A total of 1.2 million shares were traded on the day, compared to an average of 3.93M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ADIL 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 3 BUYs and 0 SELLs from insiders. Insiders purchased 818,300 shares during that period but sold 0.

In the most recent transaction, Schuyler Kevin bought 700 shares of ADIL for 2.74 per share on Sep 29. After the transaction, the Director now owns 700 company shares.

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. In terms of 52-week highs and lows, ADIL has a high of $15.00 and a low of $0.76.

As of this writing, ADIL has an earnings estimate of -$0.63 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.63 per share and a lower estimate of -$0.63. The company reported an EPS of $0.96 in the last quarter, which was 164.00% higher than expectations of -$1.5.

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. ADIL’s latest balance sheet shows that the firm has $6.06M in Cash & Short Term Investments as of fiscal 2021. There were $256.96k in debt and $2.72M in liabilities at the time. Its Book Value Per Share was $1.92, while its Total Shareholder’s Equity was $3.51M.

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 ADIL is Buy with a score of 4.33.

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