Akero Therapeutics Inc [AKRO] stock is trading at $30.01, up 1.28%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AKRO shares have gain 12.19% over the last week, with a monthly amount glided 9.77%, and 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.
Akero Therapeutics Inc [AKRO] stock has fluctuated between $11.25 and $37.00 over the past year. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Akero Therapeutics Inc [NASDAQ: AKRO] shares were valued at $30.01 at the most recent close of the market. An investor can expect a potential return of 53.28% 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 29.26 points at the first support level, and at 28.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.59, and for the 2nd resistance point, it is at 31.18.
Ratios To Look Out For
For context, Akero Therapeutics Inc’s Current Ratio is 24.89. In addition, the Quick Ratio stands at 24.89 and the Cash Ratio stands at 9.96.
Transactions by insiders
Recent insider trading involved Young Jonathan, Chief Operating Officer, that happened on Oct 01 ’24 when 10000.0 shares were sold. Officer, Jonathan Young completed a deal on Oct 01 ’24 to buy 0.11 million shares. Meanwhile, Chief Development Officer Yale Catriona sold 5500.0 shares on Sep 20 ’24.
