Alkermes plc (NASDAQ: ALKS) is -5.08% lower on its value in year-to-date trading and has touched a low of $20.46 and a high of $32.88 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 ALKS stock was last observed hovering at around $26.77 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $26.33, the stock is -6.05% and -7.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -1.64% at the moment leaves the stock -2.69% off its SMA200. ALKS registered 0.47% gain for a year compared to 6-month gain of 0.90%. The firm has a 50-day simple moving average (SMA 50) of $2.45 and a 200-day simple moving average (SMA200) of $7.84.
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The stock witnessed a -12.00% loss in the last 1 month and extending the period to 3 months gives it a -8.00%, and is -1.68% 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 2.01% over the week and 2.47% over the month.
Alkermes plc (ALKS) has around 2100 employees, a market worth around $4.40B and $1.66B in sales. Current P/E ratio is 12.73 and Fwd P/E is 10.31. Profit margin for the company is 21.39%. Distance from 52-week low is 28.69% and -19.92% from its 52-week high. The company has generated returns on investments over the last 12 months (22.72%).
Alkermes plc quarterly earnings per share for the current quarter are estimated at $0.69 with sales reaching $375.13M over the same period.The EPS is expected to grow by 87.61% this year, but quarterly earnings will post -8.10% year-over-year. Quarterly sales are estimated to grow 30.40% in year-over-year returns.
429 institutions hold shares in Alkermes plc (ALKS), with institutional investors hold 110.52% of the company’s shares. The shares outstanding are 166.98M, and float is at 164.62M with Short Float at 8.56%. Institutions hold 109.12% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.59 million shares valued at $582.01 million. The investor’s holdings represent 11.16% of the ALKS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.89 million shares valued at $528.64 million to account for 10.14% of the shares outstanding. The other top investors are Sarissa Capital Management, LP which holds 14.04 million shares representing 8.43% and valued at over $439.45 million, while Wellington Management Group, LLP holds 4.62% of the shares totaling 7.69 million with a market value of $240.72 million.
Alkermes plc (ALKS) Insider Activity
The most recent transaction is an insider sale by Nichols Christian Todd, the company’s SVP, Chief Commercial Officer. SEC filings show that Nichols Christian Todd sold 10,417 shares of the company’s common stock on Mar 18 ’24 at a price of $28.10 per share for a total of $0.29 million. Following the sale, the insider now owns 65911.0 shares.
Alkermes plc disclosed in a document filed with the SEC on Feb 27 ’24 that Parisi Samuel Joseph (VP, Finance (Interim PAO)) sold a total of 2,559 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $29.65 per share for $75874.0. Following the transaction, the insider now directly holds 7717.0 shares of the ALKS stock.
Still, SEC filings show that on Feb 15 ’24, LAURENCIN CATO T (Director) disposed off 2,690 shares at an average price of $31.85 for $85676.0. The insider now directly holds 15,169 shares of Alkermes plc (ALKS).
