Amicus Therapeutics Inc (NASDAQ: FOLD) is -16.56% lower on its value in year-to-date trading and has touched a low of $9.70 and a high of $14.57 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 FOLD stock was last observed hovering at around $11.58 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $11.84, the stock is -7.21% and -8.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.7 million and changing 2.25% at the moment leaves the stock -4.46% off its SMA200. FOLD registered 5.34% gain for a year compared to 6-month gain of -8.07%. The firm has a 50-day simple moving average (SMA 50) of $8.96 and a 200-day simple moving average (SMA200) of -$38.87.
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The stock witnessed a -13.95% loss in the last 1 month and extending the period to 3 months gives it a -6.92%, and is 0.42% up 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 3.21% over the week and 3.85% over the month.
Amicus Therapeutics Inc (FOLD) has around 517 employees, a market worth around $3.50B and $399.36M in sales. Fwd P/E is 29.86. Profit margin for the company is -37.96%. Distance from 52-week low is 22.06% and -18.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.39%).
Amicus Therapeutics Inc quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $111.96M over the same period.The EPS is expected to grow by 100.97% this year, but quarterly earnings will post 33.00% year-over-year. Quarterly sales are estimated to grow 34.80% in year-over-year returns.
Amicus Therapeutics Inc (FOLD) Top Institutional Holders
320 institutions hold shares in Amicus Therapeutics Inc (FOLD), with institutional investors hold 110.57% of the company’s shares. The shares outstanding are 293.59M, and float is at 286.53M with Short Float at 10.79%. Institutions hold 109.73% of the Float.
The top institutional shareholder in the company is Perceptive Advisors Llc with over 27.66 million shares valued at $347.45 million. The investor’s holdings represent 9.63% of the FOLD Shares outstanding. As of Jun 29, 2023, the second largest holder is Avoro Capital Advisors LLC with 27.4 million shares valued at $344.14 million to account for 9.54% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 27.02 million shares representing 9.41% and valued at over $339.43 million, while Blackrock Inc. holds 7.28% of the shares totaling 20.9 million with a market value of $262.49 million.
Amicus Therapeutics Inc (FOLD) Insider Activity
The most recent transaction is an insider sale by MCGLYNN MARGARET G,the company’sDirector. SEC filings show that MCGLYNN MARGARET G sold 7,500 shares of the company’s common stock on Mar 05 ’24 at a price of $13.40 per share for a total of $0.1 million. Following the sale, the insider now owns 59289.0 shares.
Amicus Therapeutics Inc disclosed in a document filed with the SEC on Mar 04 ’24 that MCGLYNN MARGARET G (Director) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $13.29 per share for $99675.0. Following the transaction, the insider now directly holds 59289.0 shares of the FOLD stock.
Still, SEC filings show that on Mar 01 ’24, Crowley John F (Executive Chairman) disposed off 29,181 shares at an average price of $13.35 for $0.39 million. The insider now directly holds 573,478 shares of Amicus Therapeutics Inc (FOLD).
