Amylyx Pharmaceuticals Inc [AMLX] stock prices are up 2.60% to $3.55 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMLX shares have gain 13.78% over the last week, with a monthly amount glided 42.57%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Amylyx Pharmaceuticals Inc [NASDAQ: AMLX] stock has seen the most recent analyst activity on March 18, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $4 from $32. Previously, Robert W. Baird downgraded its rating to Neutral on March 11, 2024, and dropped its price target to $4. On March 11, 2024, downgrade downgraded it’s rating to Market Perform and revised its price target to $4 on the stock. Goldman downgraded its rating to a Neutral. Evercore ISI downgraded its rating to a In-line. Robert W. Baird started tracking with a Outperform rating for this stock on January 03, 2024, and assigned it a price target of $37. In a note dated December 12, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $36 on this stock.
The stock price of Amylyx Pharmaceuticals Inc [AMLX] has been fluctuating between $1.58 and $19.95 over the past year. Currently, Wall Street analysts expect the stock to reach $3.33 within the next 12 months. Amylyx Pharmaceuticals Inc [NASDAQ: AMLX] shares were valued at $3.55 at the most recent close of the market. An investor can expect a potential drop of -6.2% based on the average AMLX price forecast.
Analyzing the AMLX fundamentals
The Amylyx Pharmaceuticals Inc [NASDAQ:AMLX] reported sales of 298.76M for trailing twelve months, representing a drop of -101.04%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -0.52%, Pretax Profit Margin comes in at -0.54%, and Net Profit Margin reading is -0.56%. To continue investigating profitability, this company’s Return on Assets is posted at -0.5, Equity is -0.46 and Total Capital is -0.59. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 3.45 points at the first support level, and at 3.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.64, and for the 2nd resistance point, it is at 3.73.
Ratios To Look Out For
It’s worth pointing out that Amylyx Pharmaceuticals Inc [NASDAQ:AMLX]’s Current Ratio is 4.66. Further, the Quick Ratio stands at 4.66, while the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 0.92.
Transactions by insiders
Recent insider trading involved Klee Justin B., Co-Chief Executive Officer, that happened on Sep 30 ’24 when 18589.0 shares were sold. Co-Chief Executive Officer, Cohen Joshua B completed a deal on Sep 30 ’24 to sell 18589.0 shares. Meanwhile, Chief Medical Officer Bedrosian Camille L sold 11442.0 shares on Sep 30 ’24.
