Analysts Point To Arcutis Biotherapeutics Inc (NASDAQ: ARQT) Growth In The Future

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. Most recently, Yahoo Finance reported about the stock as it publicized that Arcutis Promotes Todd Tucker to Chief Human Resources Officer.

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Stocks Info

ARQT 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 $10.94 and fluctuated between $11.49 as its day high and $10.63 as its day low. The current market capitalization of Arcutis Biotherapeutics Inc is $1.06B. A total of 3.54 million shares were traded on the day, compared to an average of 6.34M shares.

In the most recent transaction, Heron Patrick J bought 21,052 shares of ARQT for 9.50 per share on Mar 04 ’24. After the transaction, the Director now owns 8,785,284 company shares. In a previous transaction on Mar 04 ’24, Watanabe Todd Franklin sold 14,903 shares at 11.12 per share. ARQT shares that the insider owns now total 874,533.

Among the insiders who sold shares, Burnett Patrick disposed of 4,782 shares on Mar 04 ’24 at a per-share price of $11.12. This resulted in the insider holding 269,300 shares of ARQT after the transaction. In another insider transaction, Matsuda Masaru sold 3,760 shares at $11.12 per share on Mar 04 ’24. Company shares held by the See Remark now total 190,424.

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. In terms of 52-week highs and lows, ARQT has a high of $15.40 and a low of $1.76.

As of this writing, ARQT has an earnings estimate of -$0.74 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.65 per share and a lower estimate of -$0.91. The company reported an EPS of -$0.73 in the last quarter, which was 15.10% higher than expectations of -$0.86.

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. ARQT’s latest balance sheet shows that the firm has $387.06M in Cash & Short Term Investments as of fiscal 2021. There were $77.56M in debt and $33.33M in liabilities at the time. Its Book Value Per Share was $0.92, while its Total Shareholder’s Equity was $297.68M.

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 ARQT is Buy with a score of 4.50.

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