Akoya Biosciences Inc. (AKYA) expanding its growth trajectory ahead

Akoya Biosciences Inc. (NASDAQ: AKYA) stock jumped 0.55% on Wednesday to $12.72 against a previous-day closing price of $12.65. With 0.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.14 million shares. The 52-week range on AKYA shows that it touched its highest point at $16.57 and its lowest point at $8.02 during that stretch. It currently has a 1-year price target of $19.29.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AKYA was down-trending over the past week, with a drop of -1.55%, but this was down by -1.40% over a month. Three-month performance dropped to -8.62% while six-month performance rose 27.33%. The stock lost -2.83% in the past year, while it has lost -16.92% so far this year. A look at the trailing 12-month EPS for AKYA yields -1.84 with Next year EPS estimates of -1.66. For the next quarter, that number is -0.43. This implies an EPS growth rate of -170.50% for this year and 8.30% for next year.

Float and Shares Shorts:

At present, 37.90 million AKYA shares are outstanding with a float of 33.15 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.89 million, which was 4.99% higher than short shares on Sep 14, 2022. In addition to Mr. Brian McKelligon as the firm’s Pres, CEO & Director, Dr. Garry P. Nolan Ph.D. serves as its Co-Founder, Independent Director & Head of the Scientific Advisory Board.


Institutional Ownership:

Through their ownership of 79.48% of AKYA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 62.21% of AKYA, in contrast to 27.48% held by mutual funds. Shares owned by individuals account for 10.59%. As the largest shareholder in AKYA with 9.76% of the stake, Hudson Executive Capital LP holds 3,697,558 shares worth 3,697,558. A second-largest stockholder of AKYA, Blue Water Life Science Advisors, holds 2,104,785 shares, controlling over 5.56% of the firm’s shares. Polar Capital LLP is the third largest shareholder in AKYA, holding 1,315,470 shares or 3.47% stake. With a 2.64% stake in AKYA, the Polar Capital Funds Plc – Biotech is the largest stakeholder. A total of 1,000,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.53% of AKYA stock, is the second-largest Mutual Fund holder. It holds 577,915 shares valued at 7.95 million. iShares Russell 2000 ETF holds 0.86% of the stake in AKYA, owning 326,233 shares worth 4.49 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AKYA since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AKYA analysts setting a high price target of $25.00 and a low target of $16.00, the average target price over the next 12 months is $19.29. Based on these targets, AKYA could surge 96.54% to reach the target high and rise by 25.79% to reach the target low. Reaching the average price target will result in a growth of 51.65% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AKYA will report FY 2022 earnings on 03/13/2023. Analysts have provided yearly estimates in a range of -$1.68 being high and -$1.85 being low. For AKYA, this leads to a yearly average estimate of -$1.81. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Akoya Biosciences Inc. surprised analysts by -$0.03 when it reported -$0.47 EPS against a consensus estimate of -$0.44. The surprise factor in the prior quarter was -$0.09. Based on analyst estimates, the high estimate for the next quarter is -$0.30 and the low estimate is -$0.48. The average estimate for the next quarter is thus -$0.43.

Summary of Insider Activity:

Insiders traded AKYA stock several times over the past three months with 1 Buys and 4 Sells. In these transactions, 5,000 shares were bought while 37,296 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 222,607 while 67,296 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *

1406

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell

 

 

100% Free. Stop Anytime. No Spam