A share price of Akero Therapeutics Inc [AKRO] is currently trading at $31.73, up 6.80%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AKRO shares have gain 7.23% over the last week, with a monthly amount glided 10.60%, 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 experienced fluctuations in its stock price throughout the past year between $11.36 and $37.00. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Akero Therapeutics Inc [NASDAQ: AKRO] shares were valued at $31.73 at the most recent close of the market. An investor can expect a potential return of 44.97% 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 29.97 points at the first support level, and at 28.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.85, and for the 2nd resistance point, it is at 33.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Akero Therapeutics Inc [NASDAQ:AKRO] is 24.89. As well, the Quick Ratio is 24.89, while the Cash Ratio is 9.96.
Transactions by insiders
Recent insider trading involved Cheng Andrew, President and CEO, that happened on Oct 18 ’24 when 63539.0 shares were sold. President and CEO, Cheng Andrew completed a deal on Oct 16 ’24 to sell 24992.0 shares. Meanwhile, President and CEO Cheng Andrew sold 3103.0 shares on Oct 17 ’24.
