Analysts Point To Passage Bio Inc (NASDAQ: PASG) Growth In The Future

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.

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Stocks Info

As a NASDAQ listed company, PASG falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of Passage Bio Inc is $36.44M. A total of 0.63 million shares were traded on the day, compared to an average of 285.51K shares.

In the most recent transaction, ORBIMED ADVISORS LLC sold 39,300 shares of PASG for 0.71 per share on Sep 19 ’24. After the transaction, the 10% Owner now owns 7,794,569 company shares. In a previous transaction on Sep 17 ’24, ORBIMED ADVISORS LLC sold 111,400 shares at 0.73 per share. PASG shares that 10% Owner owns now total 7,859,500.

Among the insiders who sold shares, ORBIMED ADVISORS LLC disposed of 63,100 shares on Sep 16 ’24 at a per-share price of $0.74. This resulted in the 10% Owner holding 7,970,900 shares of PASG after the transaction. In another insider transaction, ORBIMED ADVISORS LLC sold 25,631 shares at $0.73 per share on Sep 18 ’24. Company shares held by the 10% Owner now total 7,833,869.

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, PASG has a high of $1.79 and a low of $0.56.

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. PASG’s latest balance sheet shows that the firm has $315.77M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $29.50M in liabilities at the time. Its Book Value Per Share was $1.47, while its Total Shareholder’s Equity was $318.66M.

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 PASG is Buy with a score of 5.00.

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