Will current price volatility hamper Athenex Inc. (ATNX) future potential? – Marketing Sentinel

Will current price volatility hamper Athenex Inc. (ATNX) future potential?

Athenex Inc. (NASDAQ:ATNX) has a beta value of 0.63 and has seen 1,171,298 shares traded in the last trading session. The company, currently valued at $360.74 Million, closed the last trade at $3.86 per share which meant it lost -$0.15 on the day or -3.74% during that session. The ATNX stock price is -294.82% off its 52-week high price of $15.24 and 0.26% above the 52-week low of $3.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.02 Million shares traded. The 3-month trading volume is 3.04 Million shares.

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The consensus among analysts is that Athenex Inc. (ATNX) is an Overweight stock at the moment, with a recommendation rating of 2.4. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 9 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 -$0.4.

Athenex Inc. (NASDAQ:ATNX) trade information

Despite being -3.74% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the ATNX stock price touched $4.32-1 or saw a rise of 10.54%. Year-to-date, Athenex Inc. shares have moved -65.1%, while the 5-day performance has seen it change -8.1%. Over the past 30 days, the shares of Athenex Inc. (NASDAQ:ATNX) have changed -12.27%. Short interest in the company has seen 12.77 Million shares shorted with days to cover at 4.2.

Wall Street analysts have a consensus price target for the stock at $8.67, which means that the shares’ value could jump 124.61% from current levels. The projected low price target is $5 while the price target rests at a high of $13. In that case, then, we find that the current price level is +236.79% off the targeted high while a plunge would see the stock lose 29.53% from current levels.

Athenex Inc. (ATNX) estimates and forecasts

Figures show that Athenex Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -66.38% over the past 6 months, with this year growth rate of 25.58%, compared to 8.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -66.7% and 18% for the next quarter. Revenue growth from the last financial year stood is estimated to be -20.2%.

7 analysts offering their estimates for the company have set an average revenue estimate of $24.54 Million for the current quarter. 7 have an estimated revenue figure of $25.22 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $46.94 Million and $40.17 Million respectively for this quarter and the next, and analysts expect sales will grow by -47.7% for the current quarter and -37.2% 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 -13.4% over the past 5 years. Earnings growth for 2021 is a modest -2.8%.

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Athenex Inc. (NASDAQ:ATNX)’s Major holders

Insiders own 19.44% of the company shares, while shares held by institutions stand at 62.39% with a share float percentage of 77.45%. Investors are also buoyed by the number of investors in a company, with Athenex Inc. having a total of 192 institutions that hold shares in the company. The top two institutional holders are Perceptive Advisors Llc with over 13.53 Million shares worth more than $149.67 Million. As of December 30, 2020, Perceptive Advisors Llc held 14.47% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 6.12 Million shares as of December 30, 2020. The firm’s total holdings are worth over $67.69 Million and represent 6.55% of shares outstanding.

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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 March 30, 2021, the former fund manager holds about 9.47% shares in the company for having 8852833 shares of worth $38.07 Million while later fund manager owns 2.1 Million shares of worth $23.27 Million as of December 30, 2020, which makes it owner of about 2.25% of company’s outstanding stock.

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