Alkermes plc (ALKS) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for Alkermes plc (NASDAQ: ALKS) is above average at 12.94x, Company’s 36-month beta value is 0.59.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 0 as “sell.”

The public float for ALKS is 164.62M, and currently, short sellers hold a 8.56% ratio of that floaft. The average trading volume of ALKS on April 03, 2024 was 1.89M shares.

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ALKS) stock’s latest price update

The stock price of Alkermes plc (NASDAQ: ALKS) has plunged by -1.73 when compared to previous closing price of 27.24, but the company has seen a -1.98% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that Alkermes (ALKS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

ALKS’s Market Performance

ALKS’s stock has fallen by -1.98% in the past week, with a monthly drop of -11.47% and a quarterly drop of -3.50%. The volatility ratio for the week is 2.05% while the volatility levels for the last 30 days are 2.46% for Alkermes plc The simple moving average for the last 20 days is -5.01% for ALKS stock, with a simple moving average of -1.12% for the last 200 days.

Analysts’ Opinion of ALKS

Many brokerage firms have already submitted their reports for ALKS stocks, with Robert W. Baird repeating the rating for ALKS by listing it as a “Outperform.” The predicted price for ALKS in the upcoming period, according to Robert W. Baird is $37 based on the research report published on March 19, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see ALKS reach a price target of $25. The rating they have provided for ALKS stocks is “Sell” according to the report published on February 20th, 2024.

JP Morgan gave a rating of “Neutral” to ALKS, setting the target price at $33 in the report published on November 20th of the previous year.

ALKS Trading at -5.68% 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 -18.58% of loss for the given period.

Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -10.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.05% lower at present.

During the last 5 trading sessions, ALKS fell by -1.98%, which changed the moving average for the period of 200-days by -15.71% in comparison to the 20-day moving average, which settled at $28.03. In addition, Alkermes plc saw -3.50% 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 10,417 shares at the price of $28.10 back on Mar 18 ’24. After this action, Nichols Christian Todd now owns 65,911 shares of Alkermes plc, valued at $292,740 using the latest closing price.

Parisi Samuel Joseph, the VP, Finance (Interim PAO) of Alkermes plc, sale 2,559 shares at $29.65 during a trade that took place back on Feb 27 ’24, which means that Parisi Samuel Joseph is holding 7,717 shares at $75,874 based on the most recent closing price.

Stock Fundamentals for ALKS

Current profitability levels for the company are sitting at:

  • 0.17 for the present operating margin
  • 0.78 for the gross margin

The net margin for Alkermes plc stands at 0.21. The total capital return value is set at 0.18. Equity return is now at value 35.93, with 19.68 for asset returns.

Based on Alkermes plc (ALKS), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 1.38. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 12.6.

Currently, EBITDA for the company is 486.73 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The receivables turnover for the company is 4.99for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.86.

Conclusion

In a nutshell, Alkermes plc (ALKS) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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