With 1.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.19 million shares. The 52-week range on AKBA shows that it touched its highest point at $2.48 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $7.17. Beta for the stock currently stands at 0.91.
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 AKBA was up-trending over the past week, with a rise of 3.06%, but this was down by -12.50% over a month. Three-month performance dropped to -9.95% while six-month performance rose 19.68%. The stock gained 8.48% in the past year, while it has lost -2.37% so far this year. A look at the trailing 12-month EPS for AKBA yields -0.22 with Next year EPS estimates of -0.16. For the next quarter, that number is -0.08. This implies an EPS growth rate of -9.12% for this year and 47.38% for next year.
Float and Shares Shorts:
At present, 211.54 million AKBA shares are outstanding with a float of 209.50 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AKBA since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.26479 being high and -$0.34627 being low. For AKBA, this leads to a yearly average estimate of -$0.30553. Based on analyst estimates, the high estimate for the next quarter is $0.0 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.05.
Summary of Insider Activity:
Insiders traded AKBA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
