Is a Correction Looming Ahead for Athersys Inc. (ATHX)

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Athersys Inc. (NASDAQ:ATHX) went down by -7.37% from its latest closing price compared to the recent 1-year high of $4.38. The company’s stock price has collected -7.80% of loss in the last five trading sessions. Press Release reported 16 hours ago that Athersys to Host Year-End 2020 Financial Results Call

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Is It Worth Investing in Athersys Inc. (NASDAQ :ATHX) Right Now?

Plus, the 36-month beta value for ATHX is at -1.48. Opinions of the stock are interesting as 4 analysts out of 4 who provided ratings for Athersys Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $6.25. ATHX currently public float of 178.83M and currently shorts hold a 12.40% ratio of that float. Today, the average trading volume of ATHX was 3.10M shares.

ATHX’s Market Performance

ATHX stocks went down by -7.80% for the week, with a monthly jump of 3.88% and a quarterly performance of 5.79%, while its annual performance rate touched 64.75%. The volatility ratio for the week stands at 7.67% while the volatility levels for the past 30 days are set at 10.11% for Athersys Inc.. The simple moving average for the period of the last 20 days is -18.73% for ATHX stocks with a simple moving average of -10.93% for the last 200 days.

Analysts’ Opinion of ATHX

Many brokerage firms have already submitted their reports for ATHX stocks, with BofA/Merrill repeating the rating for ATHX by listing it as a “Buy.” The predicted price for ATHX in the upcoming period, according to BofA/Merrill is $5 based on the research report published on June 25th of the previous year 2020.

Dawson James, on the other hand, stated in their research note that they expect to see ATHX reach a price target of $11. The rating they have provided for ATHX stocks is “Buy” according to the report published on August 26th, 2019.

Maxim Group gave a rating of “Buy” to ATHX, setting the target price at $6 in the report published on February 13th of the previous year.

ATHX Trading at -6.31% from the 50-Day Moving Average

After a stumble in the market that brought ATHX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.11% of loss for the given period.

Volatility was left at 10.11%, however, over the last 30 days, the volatility rate increased by 7.67%, as shares sank -17.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.49% upper at present.

During the last 5 trading sessions, ATHX fell by -7.80%, which changed the moving average for the period of 200-days by -32.78% in comparison to the 20-day moving average, which settled at $2.45. In addition, Athersys Inc. saw 14.86% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ATHX starting from Lehmann William JR, who sale 20,000 shares at the price of $2.02 back on Dec 18. After this action, Lehmann William JR now owns 457,100 shares of Athersys Inc., valued at $40,424 using the latest closing price.

Campbell Laura K, the Senior Vice Pres Finance of Athersys Inc., sale 10,000 shares at $1.92 during a trade that took place back on Dec 15, which means that Campbell Laura K is holding 432,175 shares at $19,216 based on the most recent closing price.

Stock Fundamentals for ATHX

Current profitability levels for the company are sitting at:

  • -807.53 for the present operating margin

The net margin for Athersys Inc. stands at -791.44. The total capital return value is set at -137.04, while invested capital returns managed to touch -134.31. Equity return is now at value -176.60, with -112.70 for asset returns.

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The receivables turnover for the company is 1.89 and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.

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