Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Akero Therapeutics Inc (NASDAQ: AKRO) closed at $45.13 in the last session, up 1.35% from day before closing price of $44.53. In other words, the price has increased by $1.35 from its previous closing price. On the day, 0.75 million shares were traded.
Ratios:
We take a closer look at AKRO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 19.38 and its Current Ratio is at 19.38. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
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, BofA Securities on January 30, 2025, Upgraded its rating to Buy and sets its target price to $63 from $35 previously.
On January 27, 2025, H.C. Wainwright reiterated its Buy rating and also lowered its target price recommendation from $50 to $72.
On November 18, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $65.Citigroup initiated its Buy rating on November 18, 2024, with a $65 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 04 ’25 when Young Jonathan sold 50,000 shares for $44.86 per share. The transaction valued at 2,243,213 led to the insider holds 201,147 shares of the business.
Lamy Patrick sold 1,000 shares of AKRO for $48,090 on Mar 03 ’25. The Senior VP, Commercial Strategy now owns 33,492 shares after completing the transaction at $48.09 per share. On Feb 18 ’25, another insider, Yale Catriona, who serves as the Chief Development Officer of the company, sold 10,000 shares for $49.87 each. As a result, the insider received 498,660 and left with 95,648 shares of the company.
Stock Price History:
Over the past 52 weeks, AKRO has reached a high of $58.40, while it has fallen to a 52-week low of $17.86. The 50-Day Moving Average of the stock is 13.89%, while the 200-Day Moving Average is calculated to be 50.32%.
Shares Statistics:
A total of 72.38M shares are outstanding, with a floating share count of 70.59M. Insiders hold about 11.34% of the company’s shares, while institutions hold 86.20% stake in the company.
