During the last session, Athersys Inc. (NASDAQ:ATHX)’s traded shares were 3.1 million, with the beta value of the company hitting -1.31. At the end of the trading day, the stock’s price was $0.55, reflecting an intraday loss of -4.80% or -$0.03. The 52-week high for the ATHX share is $1.81, that puts it down -229.09 from that peak though still a striking 16.36% gain since the share price plummeted to a 52-week low of $0.46. The company’s market capitalization is $124.20M, and the average intraday trading volume over the past 10 days was 3.99 million shares, and the average trade volume was 2.89 million shares over the past three months.
Athersys Inc. (ATHX) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. ATHX has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.07.
Athersys Inc. (NASDAQ:ATHX) trade information
Athersys Inc. (ATHX) registered a -4.80% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.80% in intraday trading to $0.55 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -0.72%, and it has moved by -6.39% in 30 days. Based on these gigs, the overall price performance for the year is -62.87%. The short interest in Athersys Inc. (NASDAQ:ATHX) is 10.83 million shares and it means that shorts have 4.48 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.25, which implies an increase of 87.06% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.00 and $7.00 respectively. As a result, ATHX is trading at a discount of -1172.73% off the target high and -81.82% off the low.
Athersys Inc. (ATHX) estimates and forecasts
Statistics show that Athersys Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Athersys Inc. (ATHX) shares have gone down -55.02% during the last six months, with a year-to-date growth rate more than the industry average at 166.67% against -0.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 36.40% this quarter and then jump 23.10% in the quarter after that. In the rating firms’ projections, revenue will increase 306.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $40k as predicted by 3 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $120k by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.27 million and $420k respectively. In this case, analysts expect current quarter sales to shrink by -96.90% and then drop by -71.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -16.50%. While earnings are projected to return 7.70% in 2022.
Athersys Inc. is due to release its next quarterly earnings between March 23 and March 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Athersys Inc. (NASDAQ:ATHX)’s Major holders
Athersys Inc. insiders own 8.22% of total outstanding shares while institutional holders control 22.22%, with the float percentage being 24.21%. Blackrock Inc. is the largest shareholder of the company, while 184 institutions own stock in it. As of Sep 29, 2021, the company held over 14.5 million shares (or 6.16% of all shares), a total value of $19.29 million in shares.
The next largest institutional holding, with 10.2 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 4.34% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $13.57 million.
Also, the Mutual Funds coming in first place with the largest holdings of Athersys Inc. (ATHX) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 6.0 million shares. This amounts to just over 2.55 percent of the company’s overall shares, with a $7.97 million market value. The same data shows that the other fund manager holds slightly less at 4.69 million, or about 1.99% of the stock, which is worth about $5.49 million.