Akorn, Inc. (NASDAQ:AKRX) went down by -7.12% from its latest closing price when compared to the 1-year high value of $19.56 and move down -649.43%, while AKRX stocks collected -15.26% of loss with the last five trading sessions.
Akorn, Inc. (NASDAQ:AKRX) Worth an Investment?
Akorn, Inc. (NASDAQ: AKRX) The 36 Months beta value for AKRX stocks is at 1.87, while 2 of the analysts out of 8 who provided ratings for Akorn, Inc. stocks as a “buy” while 0 as overweight, 6 rated it as hold and 0 as sell. The average price we get from analysts is $6.30 which is $3.99 above current price. AKRX currently has a short float of 13.33% and public float of 93.96M with average trading volume of 1.55M shares.
AKRX Market Performance
AKRX stocks went down by -15.26% for the week, with the monthly drop of -37.86% and a quarterly performance of -39.86%, while its annual performance rate touched -86.06%. The simple moving average for the period of the last 20 days is -24.35% for AKRX stocks with the simple moving average of -39.26% for the last 200 days.
Analysts’ Opinion on Akorn, Inc. (NASDAQ:AKRX)
Many brokerage firms have already submitted their reports for AKRX stocks, with SunTrust repeating the rating for AKRX shares by setting it to “Hold”. The predicted price for AKRX socks in the upcoming period according to SunTrust is $68 based on the research report published on March 20, 2019.
Piper Jaffray, on the other hand, stated in their research note that they expect to see AKRX stock at the price of $68. The rating they have provided for AKRX stocks is “Overweight” according to the report published on October 17, 2018.
RBC Capital Mkts gave “Sector Perform” rating to AKRX stocks, setting the target price at $27 in the report published on July 25, 2018.
AKRX Stocks -37.25% Far from 50 Day Moving Average
After a stumble in the market that brought AKRX to its low price for the period of the last 52 weeks, Akorn, Inc. was unable to take a rebound, for now settling with -86.66% of loss for the given period.
The stock volatility was left at 8.24%, however, within the period of a single month, the volatility rate increased by 7.45%, while the shares sank at the distance of -36.65% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -38.73% lower at the present time.
In the course of the last 5 trading sessions, AKRX went down by -15.26%, which changed the moving average for the period of 200 days to the total of -60.33% of losses for the stock in comparison to the 20-day moving average settled at $3.37. In addition, Akorn, Inc. saw -23.01% in overturn over the period of a single year with a tendency to cut further losses.
AKRX Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Akorn, Inc. (AKRX), starting from WEINSTEIN ALAN D, who bought 50,000 shares at the price of $3.97 back on May 31. After this action, Rushing now owns 161,555 shares of Akorn, Inc., valued at $198,500 with the latest closing price.
MEYER STEVEN J, the Director of Akorn, Inc., bought 10,000 shares at the value of $3.75 during a trade that took place back on May 29, which means that MEYER STEVEN J is holding 163,154 shares at the value of $37,500 based on the most recent closing price.
AKRX Stock Fundamentals
The current profitability levels are settled at -19.37 for the present operating margin and +27.74 for gross margin. The net margin for Akorn, Inc. stands at -57.91. Total capital return value is set at -9.24, while invested capital returns managed to touch -27.62. Equity return holds the value -111.20%, with -31.60% for asset returns.
Based on Akorn, Inc. (AKRX), the company’s capital structure generated 184.83 points for debt to equity in total, while total debt to capital is set at the value of 64.89. Total debt to assets is settled at the value of 53.05 with long-term debt to equity ratio rests at 184.83 and long-term debt to capital is 64.89.
The value for Enterprise to Sales is 1.47 with debt to enterprise value settled at 0.80. The receivables turnover for Akorn, Inc. is 4.71 with the total asset turnover at the value of 0.40. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.42.