At the time of writing, Alkermes plc [ALKS] stock is trading at $28.83, up 3.00%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALKS shares have gain 5.33% over the last week, with a monthly amount glided 1.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alkermes plc [NASDAQ: ALKS] stock has seen the most recent analyst activity on June 17, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $34. Previously, Robert W. Baird started tracking the stock with Outperform rating on March 19, 2024, and set its price target to $37. On February 20, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $25 on the stock. Evercore ISI upgraded its rating to a Outperform. UBS started tracking with a Neutral rating for this stock on October 17, 2023, and assigned it a price target of $31. In a note dated November 03, 2022, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $26 to $30.
For the past year, the stock price of Alkermes plc fluctuated between $20.46 and $32.88. Currently, Wall Street analysts expect the stock to reach $35.5 within the next 12 months. Alkermes plc [NASDAQ: ALKS] shares were valued at $28.83 at the most recent close of the market. An investor can expect a potential return of 23.14% based on the average ALKS price forecast.
Analyzing the ALKS fundamentals
According to Alkermes plc [NASDAQ:ALKS], the company’s sales were 1.51B for trailing twelve months, which represents an -35.35% plunge. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.23 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 28.35 points at the first support level, and at 27.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.08, and for the 2nd resistance point, it is at 29.32.
Ratios To Look Out For
It is important to note that Alkermes plc [NASDAQ:ALKS] has a current ratio of 2.99. In addition, the Quick Ratio stands at 2.61 and the Cash Ratio stands at 1.04. Considering the valuation of this stock, the price to sales ratio is 3.15, the price to book ratio is 3.72 and price to earnings (TTM) ratio is 17.08.
Transactions by insiders
Recent insider trading involved Nichols Christian Todd, SVP, Chief Commercial Officer, that happened on Mar 18 ’24 when 10417.0 shares were sold. VP, Finance (Interim PAO), Parisi Samuel Joseph completed a deal on Feb 27 ’24 to sell 2559.0 shares. Meanwhile, Director LAURENCIN CATO T sold 2690.0 shares on Feb 15 ’24.
