Momentum Is Strong For Arcutis Biotherapeutics Inc (NASDAQ: ARQT)

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.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Arcutis Biotherapeutics Inc is $1.21B. A total of 5.93 million shares were traded on the day, compared to an average of 2.98M shares.

In the most recent transaction, Welgus Howard G. sold 10,000 shares of ARQT for 9.31 per share on Jul 01 ’24. After the transaction, the Director now owns 180,339 company shares. In a previous transaction on Jun 04 ’24, Welgus Howard G. sold 10,000 shares at 8.01 per share. ARQT shares that Director owns now total 170,200.

Among the insiders who sold shares, Burnett Patrick disposed of 23,000 shares on May 30 ’24 at a per-share price of $8.75. This resulted in the insider holding 209,793 shares of ARQT after the transaction. In another insider transaction, Burnett Patrick sold 49,952 shares at $8.72 per share on May 29 ’24. Company shares held by the insider now total 209,793.

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, ARQT has a high of $13.17 and a low of $1.76.

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. 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 $1.95, while its Total Shareholder’s Equity was $297.68M.

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 ARQT is Buy with a score of 4.50.

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