Steady Movements -Paramount Group Inc (NYSE:PGRE), Aralez Pharmaceuticals Inc (NASDAQ:ARLZ)
- Author: Todd Kelly Mar 19, 2017,
Mar 19, 2017, 0:33
Aralez Pharmaceuticals Inc (NASDAQ:ARLZ) on March 13, 2017announced financial results for the fourth quarter and full-year ended December 31, 2016. The company reported its last quarter on Dec 16.
On Wednesday February 10, 2016, Guggenheim released a statement on Aralez Pharma (NASDAQ:ARLZ) bumped up the target price from $0.00 to $12.00. Equities analysts anticipate that Aralez Pharmaceuticals Inc will post ($1.07) earnings per share for the current fiscal year.
Analysts estimated $-0.26/share for the previous Quarter, where Aralez Pharmaceuticals Inc. Stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters.
Shares of Aralez Pharmaceuticals (NASDAQ:ARLZ) opened at 2.20 on Wednesday. Its 52-week high and low range is between $5.85 and $3.6. According to them, the median (average) EPS the company could deliver is -0.25/share.
Analyst recommendation for this stock stands at 2.00.
In the past 5 years, the stock showed growth of -10.47% per annum. The company had revenue of $20 million for the quarter, compared to analysts' expectations of $21.86 million. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The company reached a 52-week low at 2.05 on Mar 14, 2017. Currently, the stock has a 1 Year Price Target of $5.25. Finally, FNY Managed Accounts LLC increased its position in Aralez Pharmaceuticals by 13.5% in the third quarter.
Aralez does expect things to pick up in 2017 though and said it was forecasting net revenues of between US$80mln and US$100mln, while it expects to report an underlying loss of between US$10mln and US$25mln.
Insider Trades for Aralez Pharmaceuticals Inc. show that the latest trade was made on 28 Nov 2016 where Harris (Robert Paul), the Director completed a transaction type "Sell" in which 104778 shares were traded at a price of $4.99.
The increase in SG&A expenses was primarily driven by increased commercialization costs incurred in the USA, predominantly related to the launch of Yosprala in October 2016, costs to support the build out of the Aralez global corporate structure, continuing operational expenses in Canada, product acquisition-related expenses and higher share based compensation expenses. The Weekly Volatility is 1.30 percent and the Monthly Volatility is 1.21 percent. The stock is now moving above its 20-Day Simple Moving Average of -43.01% with the 50-Day Simple Moving Average of -43.01 percent. Aralez Pharmaceuticals Inc. (NASDAQ:ARLZ) has fallen 45.95% over the past 6 months and is downtrending.
Total shares held by institutions as of the most recent company filings are 23,704,501 with a reported 717,319 bought and 516,067 sold. Tiger Legatus Capital Management LLC now owns 1,985,000 shares of the company's stock valued at $8,754,000 after buying an additional 25,000 shares in the last quarter.