Amicus Therapeutics Inc. (NASDAQ: FOLD) stock fell -4.87% on Thursday to $11.14 against a previous-day closing price of $11.71. With 2.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.49 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $11.68 whereas the lowest price it dropped to was $11.09. The 52-week range on FOLD shows that it touched its highest point at $13.84 and its lowest point at $7.34 during that stretch. It currently has a 1-year price target of $15.80. Beta for the stock currently stands at 0.79.
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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 FOLD was down-trending over the past week, with a drop of -3.21%, but this was down by -3.63% over a month. Three-month performance dropped to -13.84% while six-month performance fell -3.55%. The stock gained 46.77% in the past year, while it has lost -8.76% so far this year. A look at the trailing 12-month EPS for FOLD yields -0.70 with Next year EPS estimates of 0.14. For the next quarter, that number is -0.13. This implies an EPS growth rate of 11.30% for this year and 129.20% for next year.
Float and Shares Shorts:
At present, 291.34 million FOLD shares are outstanding with a float of 251.96 million shares on hand for trading. On Apr 27, 2023, short shares totaled 21.53 million, which was 7.60% higher than short shares on Mar 30, 2023. In addition to Mr. John F. Crowley as the firm’s Exec. Chairman, Mr. Bradley L. Campbell M.B.A. serves as its CEO, Pres & Director.
Through their ownership of 105.77% of FOLD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.47% of FOLD, in contrast to 42.56% held by mutual funds. Shares owned by individuals account for 23.83%. As the largest shareholder in FOLD with 9.79% of the stake, Perceptive Advisors LLC holds 27,662,917 shares worth 27,662,917. A second-largest stockholder of FOLD, Avoro Capital Advisor LLC, holds 27,300,000 shares, controlling over 9.66% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in FOLD, holding 26,150,729 shares or 9.25% stake. With a 3.08% stake in FOLD, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 8,719,309 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.60% of FOLD stock, is the second-largest Mutual Fund holder. It holds 7,350,751 shares valued at 84.83 million. Janus Henderson Contrarian Fund holds 2.37% of the stake in FOLD, owning 6,711,624 shares worth 77.45 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, FOLD reported revenue of $80.73M and operating income of -$60.50M. The EBITDA in the recently reported quarter was -$51.54M and diluted EPS was -$0.21.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FOLD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FOLD analysts setting a high price target of $20.00 and a low target of $12.00, the average target price over the next 12 months is $15.82. Based on these targets, FOLD could surge 79.53% to reach the target high and rise by 7.72% to reach the target low. Reaching the average price target will result in a growth of 42.01% 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.
Summary of Insider Activity:
Insiders traded FOLD stock several times over the past three months with 4 Buys and 12 Sells. In these transactions, 50,100 shares were bought while 91,403 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 76 over the past year. The total number of shares bought during that period was 1,564,514 while 1,148,685 shares were sold.