Akebia Therapeutics, Inc. (NASDAQ:AKBA) has a beta value of 1.93 and has seen 2,334,818 shares traded in the recent trading session. The company, currently valued at $431.45 Million, closed the recent trade at $2.99 per share which meant it lost -$0.06 on the day or -1.97% during that session. The AKBA stock price is -358.53% off its 52-week high price of $13.71 and 30.1% above the 52-week low of $2.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.41 Million shares traded. The 3-month trading volume is 6.32 Million shares.
The consensus among analysts is that Akebia Therapeutics, Inc. (AKBA) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.4.
Akebia Therapeutics, Inc. (NASDAQ:AKBA) trade information
Despite being -1.97% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jan 11 when the AKBA stock price touched $3.15-3 or saw a rise of 3.97%. Year-to-date, Akebia Therapeutics, Inc. shares have moved 8.04%, while the 5-day performance has seen it change 1.17%. Over the past 30 days, the shares of Akebia Therapeutics, Inc. (NASDAQ:AKBA) have changed 5.4%. Short interest in the company has seen 23.73 Million shares shorted with days to cover at 3.75.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 134.11% from current levels. The projected low price target is $3 while the price target rests at a high of $10. In that case, then, we find that the latest price level in today’s session is +234.45% off the targeted high while a plunge would see the stock lose 0.33% from current levels.
Akebia Therapeutics, Inc. (AKBA) estimates and forecasts
Figures show that Akebia Therapeutics, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -74.39% over the past 6 months, with this year growth rate of -10.59%, compared to 15.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 49.4% and 31.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -13.9%.
6 analysts offering their estimates for the company have set an average revenue estimate of $58.49 Million for the current quarter. 4 have an estimated revenue figure of $48.31 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $69.56 Million for this quarter, and analysts expect sales will grow by -15.9% for the current quarter.
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 +21.7% over the past 5 years. Earnings growth for 2021 is a modest +4.5%.
Akebia Therapeutics, Inc. (NASDAQ:AKBA)’s Major holders
Insiders own 1.09% of the company shares, while shares held by institutions stand at 78.78% with a share float percentage of 79.64%. Investors are also buoyed by the number of investors in a company, with Akebia Therapeutics, Inc. having a total of 226 institutions that hold shares in the company. The top two institutional holders are State Street Corporation with over 15.34 Million shares worth more than $38.5 Million. As of September 29, 2020, State Street Corporation held 10.61% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 11.74 Million shares as of September 29, 2020. The firm’s total holdings are worth over $29.48 Million and represent 8.13% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. As of December 30, 2020, the former fund manager holds about 13.66% shares in the company for having 19737122 shares of worth $55.26 Million while later fund manager owns 3.31 Million shares of worth $8.31 Million as of September 29, 2020, which makes it owner of about 2.29% of company’s outstanding stock.
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