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Why You Need To Look At This Metric Before Buying Antares Pharma Inc. (NASDAQ:ATRS)

Antares Pharma Inc. (NASDAQ:ATRS) previous close was $4.08 while the outstanding shares total 167.82M. The firm has a beta of 1.43, a 12-month trailing P/E ratio of 11.02. ATRS’s shares traded lower over the last trading session, losing -1.72% on 05/25/21. The shares fell to a low of $4.00 before closing at $4.01. Intraday shares traded counted 1.03 million, which was -8.12% lower than its 30-day average trading volume of 956.82K. The stock’s Relative Strength Index (RSI) is 52.22, with weekly volatility at 2.78% and ATR at 0.14. The ATRS stock’s 52-week price range has touched low of $2.53 and a $5.07 high.

Investors have identified the Medical Instruments & Supplies company Antares Pharma Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $676.89 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Antares Pharma Inc. (ATRS) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ATRS, the company has in raw cash 55.65 million on their books with 26.26 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 133.52 million total, with 72.14 million as their total liabilities.

ATRS were able to record 0.79 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 2.52 million. In cash movements, the company had a total of 1.98 million as operating cash flow.

Potential earnings growth for Antares Pharma Inc. (ATRS)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Antares Pharma Inc. recorded a total of 42.08 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 21.4% coming in sequential stages and their sales for the 08/10/2021 quarter reducing by -4.87%.

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 16.45 million trying to sell their products during the last quarter, with the result yielding a gross income of 25.64 million. This allows shareholders to hold on to 167.82M with the recently reported earning now reading 0.02 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.02 cents a share).

Having a look at the company’s valuation, the company is expected to record 0.25 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ATRS sounds very interesting.

Is the stock of ATRS attractive?

In related news, Director, GARRITY THOMAS J sold 50,000 shares of the company’s stock in a transaction that recorded on Mar 11. The sale was performed at an average price of 4.28, for a total value of 214,000. As the sale deal closes, the EVP General Counsel, Secretary, GRAHAM PETER J now sold 45,000 shares of the company’s stock, valued at 221,650. Also, Director, JACOB LEONARD S sold 15,321 shares of the company’s stock in a deal that was recorded on Feb 18. The shares were price at an average price of 5.05 per share, with a total market value of 77,371. Following this completion of acquisition, the President & CEO, APPLE ROBERT F now holds 491,960 shares of the company’s stock, valued at 2,459,978. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.70%.

6 out of 6 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Antares Pharma Inc.. 0 analysts has assigned a Sell rating on the ATRS stock. The 12-month mean consensus price target for the company’s shares has been set at $6.50.

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