Outlook Therapeutics Inc (NASDAQ: OTLK): Is It A Buying Opportunity Again?

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 Outlook Therapeutics® Receives European Union Positive CHMP Opinion for ONS-5010 as a Treatment for Wet AMD.

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Stocks Info

OTLK belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Outlook Therapeutics Inc is $112.28M. A total of 20.99 million shares were traded on the day, compared to an average of 162.87K shares.

In the most recent transaction, Evanson Jeff bought 62,484 shares of OTLK for 0.42 per share on Mar 07 ’24. After the transaction, the CHIEF COMMERCIAL OFFICER now owns 808,459 company shares. In a previous transaction on Apr 20 ’23, Dagnon Terry sold 520,000 shares at 1.14 per share. OTLK shares that Chief Operations Officer owns now total 653,058.

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, OTLK has a high of $40.60 and a low of $4.00.

As of this writing, OTLK has an earnings estimate of -$0.85 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.43 per share and a lower estimate of -$1.2. The company reported an EPS of -$1 in the last quarter, which was 14.50% higher than expectations of -$1.17.

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. OTLK’s latest balance sheet shows that the firm has $14.48M in Cash & Short Term Investments as of fiscal 2021. There were $11.90M in debt and $6.75M in liabilities at the time. Its Book Value Per Share was -$1.87, while its Total Shareholder’s Equity was $4.61M.

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 OTLK is Buy with a score of 4.57.

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