An Evaluation Of Arcutis Biotherapeutics Inc (NASDAQ: ARQT) Prospects

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.

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Stocks Info

ARQT belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Arcutis Biotherapeutics Inc is $1.26B. A total of 1.74 million shares were traded on the day, compared to an average of 2.52M shares.

In the most recent transaction, Welgus Howard G. sold 10,000 shares of ARQT for 10.77 per share on Sep 03 ’24. After the transaction, the Director now owns 191,944 company shares. In a previous transaction on Sep 03 ’24, Welgus Howard G. bought 10,000 shares at 10.77 per share.

Among the insiders who sold shares, Burnett Patrick disposed of 1,728 shares on Aug 19 ’24 at a per-share price of $8.29. This resulted in the insider holding 194,859 shares of ARQT after the transaction. In another insider transaction, Burnett Patrick bought 1,728 shares at $8.29 per share on Aug 19 ’24.

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 $13.17 and a low of $1.76.

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 $1.60, 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 4.57.

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