At the time of writing, Akero Therapeutics Inc [AKRO] stock is trading at $27.46, up 5.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The AKRO shares have gain 10.46% over the last week, with a monthly amount drifted -3.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on September 19, 2023, and set its price target to $69. On August 28, 2023, UBS initiated with a Buy rating and assigned a price target of $83 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $65 on January 27, 2023. Evercore ISI upgraded its rating to a Outperform and raised its price target to $50 on September 14, 2022. Morgan Stanley downgraded its rating to Equal-Weight for this stock on October 19, 2021, but kept the price target unchanged to $27. In a note dated September 10, 2021, BofA Securities initiated an Buy rating and provided a target price of $40 on this stock.
For the past year, the stock price of Akero Therapeutics Inc fluctuated between $11.25 and $53.77. Currently, Wall Street analysts expect the stock to reach $43.5 within the next 12 months. Akero Therapeutics Inc [NASDAQ: AKRO] shares were valued at $27.46 at the most recent close of the market. An investor can expect a potential return of 58.41% based on the average AKRO price forecast.
Analyzing the AKRO fundamentals
Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at -824.59%, Pretax Profit Margin comes in at -718.93%, and Net Profit Margin reading is -718.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is -0.3 and Total Capital is -0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.53 points at the first support level, and at 25.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.11, and for the 2nd resistance point, it is at 28.75.
Ratios To Look Out For
It is important to note that Akero Therapeutics Inc [NASDAQ:AKRO] has a current ratio of 24.89. On the other hand, the Quick Ratio is 24.89, and the Cash Ratio is 9.96.
Transactions by insiders
Recent insider trading involved CATRIONA YALE, Officer, that happened on Aug 23 ’24 when 15000.0 shares were purchased. Chief Operating Officer, Young Jonathan completed a deal on Aug 01 ’24 to sell 5000.0 shares. Meanwhile, Chief Financial Officer White William Richard sold 0.14 million shares on Jul 24 ’24.
