Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Akoya Biosciences Inc (NASDAQ: AKYA) was $1.62 for the day, up 4.52% from the previous closing price of $1.55. In other words, the price has increased by $4.52 from its previous closing price. On the day, 0.53 million shares were traded.
Ratios:
Our analysis of AKYA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.75. In the meantime, Its Debt-to-Equity ratio is 6.23 whereas as Long-Term Debt/Eq ratio is at 5.96.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Craig Hallum on November 15, 2024, Downgraded its rating to Hold and sets its target price to $5 from $7 previously.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 11 ’24 when McKelligon Brian sold 7,500 shares for $2.08 per share. The transaction valued at 15,630 led to the insider holds 224,733 shares of the business.
McKelligon Brian sold 7,500 shares of AKYA for $15,064 on Jun 06 ’24. The President and CEO now owns 224,733 shares after completing the transaction at $2.01 per share. On Mar 20 ’24, another insider, McKelligon Brian, who serves as the President and CEO of the company, sold 7,500 shares for $4.97 each. As a result, the insider received 37,243 and left with 231,868 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 5.88.
Stock Price History:
Over the past 52 weeks, AKYA has reached a high of $6.31, while it has fallen to a 52-week low of $1.55. The 50-Day Moving Average of the stock is -34.40%, while the 200-Day Moving Average is calculated to be -35.04%.
Shares Statistics:
A total of 49.52M shares are outstanding, with a floating share count of 20.62M. Insiders hold about 58.41% of the company’s shares, while institutions hold 24.65% stake in the company.
