181 institutions hold shares in Athersys Inc. (ATHX), with 18.87M shares held by insiders accounting for 9.54% while institutional investors hold 31.60% of the company’s shares. The shares outstanding are 197.34M, and float is at 178.83M with Short Float at 13.60%. Institutions hold 28.58% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 13.71 million shares valued at $24.0 million. The investor’s holdings represent 6.94% of the ATHX Shares outstanding. As of Sep 29, 2020, the second largest holder is State Street Corporation with 12.04 million shares valued at $23.48 million to account for 6.09% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 9.25 million shares representing 4.68% and valued at over $18.05 million, while Geode Capital Management, LLC holds 1.30% of the shares totaling 2.58 million with a market value of $5.03 million.
Athersys Inc. (NASDAQ: ATHX) is 29.71% higher on its value in year-to-date trading and has touched a low of $1.13 and a high of $4.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATHX stock was last observed hovering at around $2.35 in the last trading session, with the day’s loss setting it -0.08% off its average median price target of $6.00 for the next 12 months. It is also 71.63% off the consensus price target high of $8.00 offered by 4 analysts, but current levels are 54.6% higher than the price target low of $5.00 for the same period.
Currently trading at $2.27, the stock is -6.35% and 7.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing -3.40% at the moment leaves the stock -0.40% off its SMA200. ATHX registered 77.34% gain for a year compared to 6-month loss of -5.02%. The firm has a 50-day simple moving average (SMA 50) of $2.2173 and a 200-day simple moving average (SMA200) of $2.0187.
The stock witnessed a 24.04% gain in the last 1 month and extending the period to 3 months gives it a 46.45%, and is -15.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.13% over the week and 10.42% over the month.
Athersys Inc. (ATHX) has around 83 employees, a market worth around $452.55M and $0.50M in sales. Distance from 52-week low is 100.88% and -48.17% from its 52-week high.
Athersys Inc. (ATHX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Athersys Inc. (ATHX) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Athersys Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $100k over the same period.The EPS is expected to shrink by -65.40% this year, but quarterly earnings will post -96.30% year-over-year. Quarterly sales are estimated to shrink -65.20% in year-over-year returns.
Athersys Inc. (ATHX) Insider Activity
A total of 13 insider transactions have happened at Athersys Inc. (ATHX) in the last six months, with sales accounting for 13 and purchases happening 0 times. The most recent transaction is an insider sale by Lehmann William JR, the company’s President and COO. SEC filings show that Lehmann William JR sold 20,000 shares of the company’s common stock on Dec 18 at a price of $2.02 per share for a total of $40424.0. Following the sale, the insider now owns 0.46 million shares.
Athersys Inc. disclosed in a document filed with the SEC on Dec 15 that Campbell Laura K (Senior Vice Pres Finance) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $1.92 per share for $19216.0. Following the transaction, the insider now directly holds 0.43 million shares of the ATHX stock.
Still, SEC filings show that on Sep 18, Lehmann William JR (President and COO) disposed off 20,000 shares at an average price of $2.04 for $40764.0. The insider now directly holds 490,525 shares of Athersys Inc. (ATHX).
Athersys Inc. (ATHX): Who are the competitors?
The company’s main competitors (and peers) include Vericel Corporation (VCEL) that is trading 152.09% up over the past 12 months. Johnson & Johnson (JNJ) is 7.96% up on the 1-year trading charts. Short interest in the company’s stock has fallen -7.36% from the last report on Dec 30, 2020 to stand at a total of 26.11 million short shares sold with a short interest ratio of 10.74.