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Looking Closely at the Growth Curve for Alkermes plc (ALKS)

Alkermes plc (NASDAQ:ALKS) went up by 1.57% from its latest closing price compared to the recent 1-year high of $33.00. The company’s stock price has collected -1.48% of loss in the last five trading sessions.

Is It Worth Investing in Alkermes plc (NASDAQ :ALKS) Right Now?

Plus, the 36-month beta value for ALKS is at 0.61. Opinions of the stock are interesting as 4 analysts out of 11 who provided ratings for Alkermes plc declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $31.20, which is $7.94 above the current price. ALKS currently public float of 162.13M and currently shorts hold a 5.13% ratio of that float. Today, the average trading volume of ALKS was 1.44M shares.

ALKS’s Market Performance

ALKS stocks went down by -1.48% for the week, with a monthly drop of -7.92% and a quarterly performance of -15.88%, while its annual performance rate touched -21.47%. The volatility ratio for the week stands at 3.01% while the volatility levels for the past 30 days are set at 2.66% for Alkermes plc. The simple moving average for the period of the last 20 days is -3.74% for ALKS stocks with a simple moving average of -11.57% for the last 200 days.

Analysts’ Opinion of ALKS

Many brokerage firms have already submitted their reports for ALKS stocks, with Piper Sandler repeating the rating for ALKS by listing it as a “Neutral.” The predicted price for ALKS in the upcoming period, according to Piper Sandler is $26 based on the research report published on August 16th of the current year 2022.

Goldman, on the other hand, stated in their research note that they expect to see ALKS reach a price target of $35. The rating they have provided for ALKS stocks is “Buy” according to the report published on April 22nd, 2022.

Goldman gave a rating of “Buy” to ALKS, setting the target price at $35 in the report published on April 20th of the current year.

ALKS Trading at -10.91% from the 50-Day Moving Average

After a stumble in the market that brought ALKS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.52% of loss for the given period.

Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -6.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.72% lower at present.

During the last 5 trading sessions, ALKS fell by -1.48%, which changed the moving average for the period of 200-days by +5.20% in comparison to the 20-day moving average, which settled at $24.08. In addition, Alkermes plc saw 0.00% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ALKS starting from Nichols Christian Todd, who sale 7,474 shares at the price of $28.26 back on Jun 21. After this action, Nichols Christian Todd now owns 21,035 shares of Alkermes plc, valued at $211,203 using the latest closing price.

LANDINE MICHAEL J, the SVP, Corp Dev., Alkermes, Inc. of Alkermes plc, sale 50,000 shares at $29.15 during a trade that took place back on May 17, which means that LANDINE MICHAEL J is holding 232,306 shares at $1,457,475 based on the most recent closing price.

Stock Fundamentals for ALKS

Current profitability levels for the company are sitting at:

  • -2.50 for the present operating margin
  • +78.89 for the gross margin

The net margin for Alkermes plc stands at -4.10. Equity return is now at value -8.60, with -4.70 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 2.25.

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