Outlook Therapeutics Inc (OTLK): A Case For Going Higher

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 Outlook Therapeutics Inc is $124.69M. A total of 0.54 million shares were traded on the day, compared to an average of 237.02K shares.

In the most recent transaction, KENYON LAWRENCE A bought 5,000 shares of OTLK for 5.69 per share on Sep 26 ’24. After the transaction, the Chief Financial Officer now owns 5,946 company shares. In a previous transaction on Mar 28 ’24, Haddadin Yezan Munther bought 1,882 shares at 11.82 per share. OTLK shares that Director owns now total 5,049.

Among the insiders who bought shares, Evanson Jeff acquired of 62,484 shares on Mar 07 ’24 at a per-share price of $0.42. This resulted in the CHIEF COMMERCIAL OFFICER holding 808,459 shares of OTLK after the transaction.

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, OTLK has a high of $13.32 and a low of $4.61.

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. OTLK’s latest balance sheet shows that the firm has $14.48M in Cash & Short Term Investments as of fiscal 2021. There were $11.90M in debt and $6.75M in liabilities at the time. Its Book Value Per Share was -$3.57, while its Total Shareholder’s Equity was $4.61M.

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 OTLK is Buy with a score of 4.86.

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