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Athenex Inc. (ATNX) Volatility At 6.05%, Should You Add A Position?

197 institutions hold shares in Athenex Inc. (ATNX), with 18.17M shares held by insiders accounting for 19.45% while institutional investors hold 68.32% of the company’s shares. The shares outstanding are 93.39M, and float is at 61.59M with Short Float at 10.23%. Institutions hold 55.03% of the Float.


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The top institutional shareholder in the company is Perceptive Advisors Llc with over 13.53 million shares valued at $149.67 million. The investor’s holdings represent 14.48% of the ATNX Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 6.12 million shares valued at $67.69 million to account for 6.55% of the shares outstanding. The other top investors are Kingdon Capital Management LLC which holds 3.96 million shares representing 4.24% and valued at over $43.81 million, while Vanguard Group, Inc. (The) holds 4.12% of the shares totaling 3.85 million with a market value of $42.54 million.

Athenex Inc. (NASDAQ: ATNX) is -59.04% lower on its value in year-to-date trading and has touched a low of $3.93 and a high of $15.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ATNX stock was last observed hovering at around $4.40 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $8.00 for the next 12 months. It is also 65.15% off the consensus price target high of $13.00 offered by 9 analysts, but current levels are 9.4% higher than the price target low of $5.00 for the same period.

Currently trading at $4.53, the stock is -2.45% and -49.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 2.95% at the moment leaves the stock -60.20% off its SMA200. ATNX registered -43.80% loss for a year compared to 6-month loss of -63.08%. The firm has a 50-day simple moving average (SMA 50) of $6.7682 and a 200-day simple moving average (SMA200) of $11.0263.

The stock witnessed a 1.12% gain in the last 1 month and extending the period to 3 months gives it a -59.04%, and is -0.22% 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 6.05% over the week and 7.70% over the month.

Athenex Inc. (ATNX) has around 593 employees, a market worth around $413.77M and $144.40M in sales. Distance from 52-week low is 15.27% and -70.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.00%).

Athenex Inc. (ATNX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Athenex Inc. (ATNX) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.40, where 4 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Athenex Inc. is expected to release its quarterly report on 08/17/2021 and quarterly earnings per share for the current quarter are estimated at -$0.4 with sales reaching $24.54M over the same period.The EPS is expected to shrink by -2.80% this year, but quarterly earnings will post -20.20% year-over-year. Quarterly sales are estimated to shrink -47.70% in year-over-year returns.

Athenex Inc. (ATNX) Insider Activity

A total of 3 insider transactions have happened at Athenex Inc. (ATNX) in the last six months, with sales accounting for 2 and purchases happening 1 times. The most recent transaction is an insider sale by Zuo William Wei, the company’s President, China Division. SEC filings show that Zuo William Wei sold 419,931 shares of the company’s common stock on Mar 04 at a price of $4.52 per share for a total of $1.9 million. Following the sale, the insider now owns 0.14 million shares.

Athenex Inc. disclosed in a document filed with the SEC on Mar 03 that WU JINN (Director) sold a total of 98,000 shares of the company’s common stock. The trade occurred on Mar 03 and was made at $4.75 per share for $0.47 million. Following the transaction, the insider now directly holds 0.3 million shares of the ATNX stock.

Still, SEC filings show that on Dec 01, LAU JOHNSON YIU NAM (CEO and Chairman of the Board) acquired 1,000 shares at an average price of $13.31 for $13310.0. The insider now directly holds 3,152,959 shares of Athenex Inc. (ATNX).

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Athenex Inc. (ATNX): Who are the competitors?

Omeros Corporation (OMER) is 49.88% up on the 1-year trading charts. Short interest in the company’s stock has risen 0.48% from the last report on Feb 11, 2021 to stand at a total of 6.27 million short shares sold with a short interest ratio of 1.07.

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