Trading Day Review: Alkermes plc (ALKS) Loses Momentum, Closing at 24.04

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The price of Alkermes plc (NASDAQ: ALKS) closed at $24.04 in the last session, down -1.35% from day before closing price of $24.37. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 1.75 million shares were traded. ALKS stock price reached its highest trading level at $24.48 during the session, while it also had its lowest trading level at $23.63.


We take a closer look at ALKS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.32. For the most recent quarter (mrq), Quick Ratio is recorded 2.77 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.

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 this company, TD Cowen on June 17, 2024, initiated with a Buy rating and assigned the stock a target price of $34.

On March 19, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $37.

UBS Downgraded its Neutral to Sell on February 20, 2024, while the target price for the stock was maintained at $25.

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 18 ’24 when Nichols Christian Todd sold 10,417 shares for $28.10 per share. The transaction valued at 292,740 led to the insider holds 65,911 shares of the business.

Parisi Samuel Joseph sold 2,559 shares of ALKS for $75,874 on Feb 27 ’24. The VP, Finance (Interim PAO) now owns 7,717 shares after completing the transaction at $29.65 per share. On Feb 15 ’24, another insider, LAURENCIN CATO T, who serves as the Director of the company, sold 2,690 shares for $31.85 each. As a result, the insider received 85,676 and left with 15,169 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, ALKS now has a Market Capitalization of 4123917824 and an Enterprise Value of 3693139200. As of this moment, Alkermes’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.48, and their Forward P/E ratio for the next fiscal year is 9.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.36 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 2.139 whereas that against EBITDA is 6.856.

Stock Price History:

Over the past 52 weeks, ALKS has reached a high of $32.88, while it has fallen to a 52-week low of $20.46. The 50-Day Moving Average of the stock is -0.98%, while the 200-Day Moving Average is calculated to be -7.37%.

Shares Statistics:

According to the various share statistics, ALKS traded on average about 1.84M shares per day over the past 3-months and 1431220 shares per day over the past 10 days. A total of 166.98M shares are outstanding, with a floating share count of 166.72M. Insiders hold about 1.48% of the company’s shares, while institutions hold 105.38% stake in the company. Shares short for ALKS as of 1718323200 were 11957724 with a Short Ratio of 6.50, compared to 1715731200 on 12942957. Therefore, it implies a Short% of Shares Outstanding of 11957724 and a Short% of Float of 10.319999600000001.

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