Alkermes plc (NASDAQ: ALKS) has a higher price-to-earnings ratio of 14.22x compared to its average ratio, The 36-month beta value for ALKS is at 0.47. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for ALKS is 158.75M, and currently, shorts hold a 10.15% of that float. The average trading volume for ALKS on November 21, 2024 was 1.68M shares.
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ALKS) stock’s latest price update
The stock of Alkermes plc (NASDAQ: ALKS) has increased by 1.56 when compared to last closing price of 27.48. Despite this, the company has experienced a -4.55% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-11 that DUBLIN , Nov. 11, 2024 /PRNewswire/ — Alkermes plc (Nasdaq: ALKS) announced today that management will participate at two upcoming investor conferences. Stifel Healthcare Conference Date/Time: Monday, Nov. 18, 2024 at 8:35 a.m.
ALKS’s Market Performance
ALKS’s stock has fallen by -4.55% in the past week, with a monthly drop of -0.68% and a quarterly drop of -0.29%. The volatility ratio for the week is 3.19% while the volatility levels for the last 30 days are 3.35% for Alkermes plc The simple moving average for the last 20 days is 0.67% for ALKS stock, with a simple moving average of 4.97% for the last 200 days.
Analysts’ Opinion of ALKS
Many brokerage firms have already submitted their reports for ALKS stocks, with Stifel repeating the rating for ALKS by listing it as a “Buy.” The predicted price for ALKS in the upcoming period, according to Stifel is $36 based on the research report published on November 05, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ALKS reach a price target of $34. The rating they have provided for ALKS stocks is “Buy” according to the report published on June 17th, 2024.
Robert W. Baird gave a rating of “Outperform” to ALKS, setting the target price at $37 in the report published on March 19th of the current year.
ALKS Trading at 0.26% 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 -15.12% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +0.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.04% upper at present.
During the last 5 trading sessions, ALKS fell by -4.55%, which changed the moving average for the period of 200-days by +3.22% in comparison to the 20-day moving average, which settled at $27.72. In addition, Alkermes plc saw 0.61% 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 ALKS starting from Hopkinson Craig C., who sale 58,996 shares at the price of $30.08 back on Nov 11 ’24. After this action, Hopkinson Craig C. now owns 83,300 shares of Alkermes plc, valued at $1,774,576 using the latest closing price.
Hopkinson Craig C., the Officer of Alkermes plc, proposed sale 58,996 shares at $30.08 during a trade that took place back on Nov 11 ’24, which means that Hopkinson Craig C. is holding shares at $1,774,578 based on the most recent closing price.
Stock Fundamentals for ALKS
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.82 for the gross margin
The net margin for Alkermes plc stands at 0.22. The total capital return value is set at 0.18. Equity return is now at value 29.23, with 17.45 for asset returns.
Based on Alkermes plc (ALKS), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.23. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 13.03.
Currently, EBITDA for the company is 495.05 million with net debt to EBITDA at -0.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.98. The receivables turnover for the company is 4.07for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.45.
Conclusion
In conclusion, Alkermes plc (ALKS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
