What Are The Chances Of Corcept Therapeutics Inc (NASDAQ: CORT) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed that Corcept Completes Enrollment in Phase 3 Gradient Trial of Relacorilant in Patients With Adrenal Cushing’s Syndrome.

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Stocks Info

As a NASDAQ listed company, CORT falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of Corcept Therapeutics Inc is $2.63B. A total of 1.03 million shares were traded on the day, compared to an average of 1.59M shares.

In the most recent transaction, Maduck Sean sold 25,953 shares of CORT for 25.01 per share on Mar 27 ’24. After the transaction, the insider now owns 85,222 company shares. In a previous transaction on Mar 18 ’24, Maduck Sean sold 17,219 shares at 25.00 per share. CORT shares that the insider owns now total 75,222.

Among the insiders who sold shares, Swisher Daniel N JR disposed of 2,200 shares on Mar 01 ’24 at a per-share price of $23.59. This resulted in the Director holding 0 shares of CORT after the transaction. In another insider transaction, Maduck Sean sold 27,068 shares at $25.97 per share on Feb 16 ’24. Company shares held by the insider now total 74,455.

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. In terms of 52-week highs and lows, CORT has a high of $34.28 and a low of $20.87.

As of this writing, CORT has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.19. The company reported an EPS of $0.28 in the last quarter, which was 27.30% higher than expectations of $0.22.

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. CORT’s latest balance sheet shows that the firm has $223.53M in Cash & Short Term Investments as of fiscal 2021. There were $526.00k in debt and $47.54M in liabilities at the time. Its Book Value Per Share was $4.90, while its Total Shareholder’s Equity was $375.81M.

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 CORT is Buy with a score of 5.00.

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