Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Akero Therapeutics Inc (NASDAQ: AKRO) closed the day trading at $20.79 up 0.14% from the previous closing price of $20.76. In other words, the price has increased by $0.14 from its previous closing price. On the day, 0.71 million shares were traded. AKRO stock price reached its highest trading level at $20.955 during the session, while it also had its lowest trading level at $19.89.
Ratios:
For a better understanding of AKRO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 29.27 and its Current Ratio is at 29.27. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
On September 19, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $69.
On August 28, 2023, UBS started tracking the stock assigning a Buy rating and target price of $83.UBS initiated its Buy rating on August 28, 2023, with a $83 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when Young Jonathan sold 5,000 shares for $24.38 per share. The transaction valued at 121,913 led to the insider holds 263,306 shares of the business.
Cheng Andrew sold 1,969 shares of AKRO for $55,782 on Mar 13 ’24. The President and CEO now owns 589,447 shares after completing the transaction at $28.33 per share. On Mar 13 ’24, another insider, White William Richard, who serves as the Chief Financial Officer of the company, sold 724 shares for $28.33 each. As a result, the insider received 20,511 and left with 49,630 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AKRO now has a Market Capitalization of 1433418624 and an Enterprise Value of 646458624.
Stock Price History:
The Beta on a monthly basis for AKRO is -0.28, which has changed by -0.53645486 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, AKRO has reached a high of $58.38, while it has fallen to a 52-week low of $11.25. The 50-Day Moving Average of the stock is -15.54%, while the 200-Day Moving Average is calculated to be -29.37%.
Shares Statistics:
Over the past 3-months, AKRO traded about 1.38M shares per day on average, while over the past 10 days, AKRO traded about 755780 shares per day. A total of 69.15M shares are outstanding, with a floating share count of 57.79M. Insiders hold about 16.42% of the company’s shares, while institutions hold 82.66% stake in the company. Shares short for AKRO as of 1711584000 were 7843625 with a Short Ratio of 5.67, compared to 1709164800 on 9400318. Therefore, it implies a Short% of Shares Outstanding of 7843625 and a Short% of Float of 11.62.
Earnings Estimates
At present, 6 analysts are actively evaluating the performance of Akero Therapeutics Inc (AKRO) in the stock market.On average, analysts expect EPS of $-1 for the current quarter, with a high estimate of $-0.79 and a low estimate of $-1.15, while EPS last year was $-0.55. The consensus estimate for the next quarter is $-1, with high estimates of $-0.8 and low estimates of $-1.2.
Analysts are recommending an EPS of between $-2.89 and $-5.1 for the fiscal current year, implying an average EPS of $-3.97. EPS for the following year is $-4.33, with 7 analysts recommending between $-3.36 and $-5.4.
