Athersys, Inc. (NASDAQ:ATHX) has a beta value of -1.71 and has seen 2,146,201 shares traded in the recent trading session. The company, currently valued at $571.66 Million, closed the recent trade at $2.9085 per share which meant it lost $0 on the day or 0.52% during that session. The ATHX stock price is -50.59% off its 52-week high price of $4.38 and 61.15% above the 52-week low of $1.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.41 Million shares traded. The 3-month trading volume is 6.15 Million shares.
The consensus among analysts is that Athersys, Inc. (ATHX) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 4 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.08.
Athersys, Inc. (NASDAQ:ATHX) trade information
Despite being -0.17% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the ATHX stock price touched $3.18-8 or saw a rise of 8.1%. Year-to-date, Athersys, Inc. shares have moved 137.59%, while the 5-day performance has seen it change 18.31%. Over the past 30 days, the shares of Athersys, Inc. (NASDAQ:ATHX) have changed 0.42%. Short interest in the company has seen 9.89 Million shares shorted with days to cover at 1.61.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 209.44% from current levels. The projected low price target is $5 while the price target rests at a high of $14. In that case, then, we find that the current price level is +381.35% off the targeted high while a plunge would see the stock lose 71.91% from current levels.
Athersys, Inc. (ATHX) estimates and forecasts
2 analysts offering their estimates for the company have set an average revenue estimate of $1.06 Million for the current quarter. 2 have an estimated revenue figure of $1.06 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $4.26 Million and $361Million respectively for this quarter and the next, and analysts expect sales will grow by -75.1% for the current quarter and 193.6% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.5% over the past 5 years. Earnings growth for 2020 is a modest -65.4% while over the next 5 years, the company’s earnings are expected to increase by 28%.
Athersys, Inc. (NASDAQ:ATHX)’s Major holders
Insiders own 9.25% of the company shares, while shares held by institutions stand at 16.65% with a share float percentage of 18.35%. Investors are also buoyed by the number of investors in a company, with Athersys, Inc. having a total of 137 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 10.13 Million shares worth more than $30.4 Million. As of March 30, 2020, Blackrock Inc. held 5.16% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 6.76 Million shares as of March 30, 2020. The firm’s total holdings are worth over $20.27 Million and represent 3.44% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of March 30, 2020, the former fund manager holds about 2.02% shares in the company for having 3960363 shares of worth $11.88 Million while later fund manager owns 3.03 Million shares of worth $9.1 Million as of March 30, 2020, which makes it owner of about 1.54% of company’s outstanding stock.