In the latest trading session, 960,855 Athersys, Inc. (NASDAQ:ATHX) shares changed hands as the company’s beta touched -1.67. With the company’s most recent per share price at $1.65 changing hands around $0.04 or 0.02% at last look, the market valuation stands at $357.31 Million. ATHX’s current price is a discount, trading about -165.46% off its 52-week high of $4.38. The share price had its 52-week low at $1.53, which suggests the recent value is7.27% up since then. When we look at Athersys, Inc.’s average trading volume, we note the 10-day average is 3.64 Million shares, with the 3-month average coming to 3.23 Million.
Analysts gave the Athersys, Inc. (ATHX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.7. If we narrow down to specifics, the data shows that none out of 4 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended ATHX as a Hold, 4 felt it is a Buy and none rated the stock as Underweight. Athersys, Inc.’s EPS for the current quarter is expected to be -$0.09.
Athersys, Inc. (NASDAQ:ATHX) trade information
Instantly ATHX is in green as seen in intraday trades today. With action 2.48%, the performance over the past five days has been red. The jump to weekly highs of $1.79 on Wednesday, Mar 24 added 9.78% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.08%, with the 5-day performance at -0.08% in the red. However, in the 30-day time frame, Athersys, Inc. (NASDAQ:ATHX) is -0.21% down. Looking at the short shares, we see there were 21.6 Million shares sold at short interest cover period of 6.69 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.25, meaning bulls need an upside of 218.18% from its recent market value. According to analyst projections, ATHX’s forecast low is $4 with $7 as the target high. To hit the forecast high, the stock’s price needs a +324.24% upsurge from its latest level, while the stock would need to tank 142.42% for it to hit the projected low.
Athersys, Inc. (ATHX) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -16%. The 2021 estimates are for Athersys, Inc. earnings to decrease by -43%, but the outlook for the next 5-year period is at 0% per year.
Athersys, Inc. (NASDAQ:ATHX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.73% of Athersys, Inc. shares while 25.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 27.92%. There are 183 institutions holding the Athersys, Inc. stock share, with Blackrock Inc. the top institutional holder. As of Dec 30, 2020, the company held 6.37% of the shares, roughly 13.71 Million ATHX shares worth $24Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 4.72% or 10.16 Million shares worth $17.78 Million as of Dec 30, 2020.
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Among Mutual Funds, the top two as of Feb 27, 2021 were SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. With 6313800 shares estimated at $12.88 Million under it, the former controlled 2.93% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.63% of the shares, roughly 5.67 Million shares worth around $9.92 Million.