Alkermes plc (NASDAQ: ALKS) has a higher price-to-earnings ratio of 15.80x compared to its average ratio. ALKS has 36-month beta value of 0.47. Analysts have mixed views 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 161.57M, and currently, short sellers hold a 10.95% ratio of that float. The average trading volume of ALKS on September 10, 2024 was 1.83M shares.
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ALKS) stock’s latest price update
Alkermes plc (NASDAQ: ALKS)’s stock price has plunge by -0.56relation to previous closing price of 26.82. Nevertheless, the company has seen a -5.16% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-09-05 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
ALKS’s Market Performance
Alkermes plc (ALKS) has experienced a -5.16% fall in stock performance for the past week, with a 2.30% rise in the past month, and a 10.25% rise in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 2.23% for ALKS. The simple moving average for the last 20 days is -3.37% for ALKS stock, with a simple moving average of 1.04% for the last 200 days.
Analysts’ Opinion of ALKS
Many brokerage firms have already submitted their reports for ALKS stocks, with TD Cowen repeating the rating for ALKS by listing it as a “Buy.” The predicted price for ALKS in the upcoming period, according to TD Cowen is $34 based on the research report published on June 17, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see ALKS reach a price target of $37. The rating they have provided for ALKS stocks is “Outperform” according to the report published on March 19th, 2024.
UBS gave a rating of “Sell” to ALKS, setting the target price at $25 in the report published on February 20th of the current year.
ALKS Trading at 1.18% 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 -18.89% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +2.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.62% upper at present.
During the last 5 trading sessions, ALKS fell by -5.19%, which changed the moving average for the period of 200-days by +12.21% in comparison to the 20-day moving average, which settled at $27.64. In addition, Alkermes plc saw -3.86% 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
- 0.82 for the gross margin
The net margin for Alkermes plc stands at 0.19. The total capital return value is set at 0.15. Equity return is now at value 26.67, with 15.56 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 1.27. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 10.49.
Currently, EBITDA for the company is 486.73 million with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.78. The receivables turnover for the company is 4.08for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.99.
Conclusion
To put it simply, Alkermes plc (ALKS) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
