Alkermes plc (NASDAQ:ALKS) has a beta value of 1.19 and has seen 950,893 shares traded in the last trading session. The company, currently valued at $2.72 Billion, closed the last trade at $17.13 per share which meant it lost -$0.12 on the day or -0.7% during that session. The ALKS stock price is -27.73% off its 52-week high price of $21.88 and 30.06% above the 52-week low of $11.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.25 Million shares traded. The 3-month trading volume is 1.29 Million shares.
The consensus among analysts is that Alkermes plc (ALKS) is a Hold stock at the moment, with a recommendation rating of 3.1. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 10 out of 12 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Alkermes plc (NASDAQ:ALKS) trade information
Despite being -0.7% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Oct 12 when the ALKS stock price touched $19.11- or saw a rise of 10.36%. Year-to-date, Alkermes plc shares have moved -16.03%, while the 5-day performance has seen it change 1.6%. Over the past 30 days, the shares of Alkermes plc (NASDAQ:ALKS) have changed -4.19%. Short interest in the company has seen 8.92 Million shares shorted with days to cover at 6.91.
Wall Street analysts have a consensus price target for the stock at $19.45, which means that the shares’ value could jump 13.54% from current levels. The projected low price target is $15 while the price target rests at a high of $24. In that case, then, we find that the current price level is +40.11% off the targeted high while a plunge would see the stock lose -12.43% from current levels.
Alkermes plc (ALKS) estimates and forecasts
Figures show that Alkermes plc shares have underperformed across the wider relevant industry. The company’s shares have gained +4.71% over the past 6 months, with this year growth rate of -85.92%, compared to 14% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 100% and -96.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be -16.1%.
9 analysts offering their estimates for the company have set an average revenue estimate of $237.94 Million for the current quarter. 9 have an estimated revenue figure of $248.98 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $255.24 Million and $412.73 Million respectively for this quarter and the next, and analysts expect sales will grow by -6.8% for the current quarter and -39.7% 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 -43.3% over the past 5 years. Earnings growth for 2020 is a modest -39.4%.
Alkermes plc (NASDAQ:ALKS)’s Major holders
Insiders own 0.92% of the company shares, while shares held by institutions stand at 96.66% with a share float percentage of 97.55%. Investors are also buoyed by the number of investors in a company, with Alkermes plc having a total of 317 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 24.67 Million shares worth more than $478.77 Million. As of June 29, 2020, Price (T.Rowe) Associates Inc held 15.51% of shares outstanding.
The other major institutional holder is Wellington Management Company, LLP, with the holding of over 21.92 Million shares as of June 29, 2020. The firm’s total holdings are worth over $425.43 Million and represent 13.78% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Health Care Fund and Price (T.Rowe) Mid Cap Growth Fund. As of July 30, 2020, the former fund manager holds about 8.55% shares in the company for having 13605397 shares of worth $245.03 Million while later fund manager owns 7.48 Million shares of worth $145.18 Million as of June 29, 2020, which makes it owner of about 4.7% of company’s outstanding stock.