After Hours
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. Most recently, Yahoo Finance reported about the stock as it publicized that Alkermes Announces Positive Topline Results From Phase 1b Study of ALKS 2680 Demonstrating Improved Wakefulness in Patients With Narcolepsy Type 2 and Idiopathic Hypersomnia.
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Stocks Info
The company is listed on the NASDAQ and operates within the Drug Manufacturers – Specialty & Generic industry segment. The current market capitalization of Alkermes plc is $4.37B. A total of 2.03 million shares were traded on the day, compared to an average of 1.92M shares.
In the most recent transaction, Nichols Christian Todd sold 10,417 shares of ALKS for 28.10 per share on Mar 18 ’24. After the transaction, the SVP, Chief Commercial Officer now owns 65,911 company shares. In a previous transaction on Feb 27 ’24, Parisi Samuel Joseph sold 2,559 shares at 29.65 per share. ALKS shares that VP, Finance (Interim PAO) owns now total 7,717.
Among the insiders who sold shares, LAURENCIN CATO T disposed of 2,690 shares on Feb 15 ’24 at a per-share price of $31.85. This resulted in the Director holding 15,169 shares of ALKS after the transaction. In another insider transaction, LAURENCIN CATO T sold 2,638 shares at $31.85 per share on Jun 08 ’23. Company shares held by the Director now total 7,479.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ALKS has a high of $32.88 and a low of $20.46.
As of this writing, ALKS has an earnings estimate of $0.67 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.92 per share and a lower estimate of $0.53. The company reported an EPS of $0.64 in the last quarter, which was 45.50% higher than expectations of $0.44.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ALKS’s latest balance sheet shows that the firm has $536.31M in Cash & Short Term Investments as of fiscal 2021. There were $416.21M in debt and $471.29M in liabilities at the time. Its Book Value Per Share was $7.20, while its Total Shareholder’s Equity was $1.11B.
Analysts Opinion
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. 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 ALKS is Buy with a score of 3.92.
