A History of Outperforming Analyst Forecasts and Beating the Odds: Alkermes plc (ALKS)

With 2.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.02 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $25.16 whereas the lowest price it dropped to was $23.98. The 52-week range on ALKS shows that it touched its highest point at $32.88 and its lowest point at $20.46 during that stretch. It currently has a 1-year price target of $34.25. Beta for the stock currently stands at 0.49.

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 ALKS was up-trending over the past week, with a rise of 0.17%, but this was up by 1.56% over a month. Three-month performance dropped to -13.75% while six-month performance rose 8.29%. The stock lost -16.23% in the past year, while it has lost -12.98% so far this year. A look at the trailing 12-month EPS for ALKS yields 2.54 with Next year EPS estimates of 2.61. For the next quarter, that number is 0.67. This implies an EPS growth rate of 90.93% for this year and -5.21% for next year.

Float and Shares Shorts:

At present, 166.98 million ALKS shares are outstanding with a float of 166.77 million shares on hand for trading. On 2024-04-30, short shares totaled 12.89 million, which was 762.0 higher than short shares on 1711584000. In addition to Mr. Richard F. Pops as the firm’s Chairman & CEO, Mr. Blair C. Jackson serves as its Interim Principal Financial Officer, Executive VP, Chief Risk Officer & COO.

Institutional Ownership:

Through their ownership of 1.04663 of ALKS’s outstanding shares, institutional investors have minority control over the company.

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 2024-03-31, ALKS reported revenue of $350372000.0 and operating income of $43309000.0. The EBITDA in the recently reported quarter was $60946000.0 and diluted EPS was $0.21.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALKS 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.