During the last session, Acorda Therapeutics Inc. (NASDAQ:ACOR)’s traded shares were 0.31 million, with the beta value of the company hitting 0.46. At the end of the trading day, the stock’s price was $0.74, reflecting an intraday gain of 13.64% or $0.09. The 52-week high for the ACOR share is $6.36, that puts it down -759.46 from that peak though still a striking 14.86% gain since the share price plummeted to a 52-week low of $0.63. The company’s market capitalization is $12.13M, and the average trade volume was 65.85K shares over the past three months.
Acorda Therapeutics Inc. (NASDAQ:ACOR) trade information
Acorda Therapeutics Inc. (ACOR) registered a 13.64% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 13.64% in intraday trading to $0.74 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -23.74%, and it has moved by -53.56% in 30 days. Based on these gigs, the overall price performance for the year is -83.55%.
Acorda Therapeutics Inc. (ACOR) estimates and forecasts
In the rating firms’ projections, revenue will decrease -21.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $31.01 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $26 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $38.16 million and $28.86 million respectively. In this case, analysts expect current quarter sales to shrink by -18.70% and then drop by -9.90% 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 -16.40%. While earnings are projected to return 20.60% in 2022, the next five years will return 29.00% per annum.
Acorda Therapeutics Inc. is due to release its next quarterly earnings between March 02 and March 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Acorda Therapeutics Inc. (NASDAQ:ACOR)’s Major holders
Acorda Therapeutics Inc. insiders own 1.61% of total outstanding shares while institutional holders control 28.62%, with the float percentage being 29.09%. Renaissance Technologies, LLC is the largest shareholder of the company, while 42 institutions own stock in it. As of Sep 29, 2021, the company held over 0.72 million shares (or 6.47% of all shares), a total value of $3.33 million in shares.
The next largest institutional holding, with 0.47 million shares, is of Point72 Asset Management, L.P.’s that is approximately 4.18% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $2.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Acorda Therapeutics Inc. (ACOR) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.18 million shares. This amounts to just over 1.64 percent of the company’s overall shares, with a $0.84 million market value. The same data shows that the other fund manager holds slightly less at 0.12 million, or about 1.05% of the stock, which is worth about $0.54 million.