During the last session, Athenex Inc. (NASDAQ:ATNX)’s traded shares were 1.73 million, with the beta value of the company hitting 1.42. At the end of the trading day, the stock’s price was $0.20, reflecting an intraday loss of -23.39% or -$0.07. The 52-week high for the ATNX share is $23.80, that puts it down -11800.0 from that peak though still a striking -10.0% loss since the share price plummeted to a 52-week low of $0.22. The company’s market capitalization is $1.92M, and the average intraday trading volume over the past 10 days was 1.0 million shares, and the average trade volume was 214.26K shares over the past three months.
Athenex Inc. (ATNX) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.50. ATNX has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 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 -$1.71.
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Athenex Inc. (NASDAQ:ATNX) trade information
Athenex Inc. (ATNX) registered a -23.39% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -23.39% in intraday trading to $0.20 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -42.15%, and it has moved by -82.49% in 30 days. Based on these gigs, the overall price performance for the year is -97.88%. The short interest in Athenex Inc. (NASDAQ:ATNX) is 0.36 million shares and it means that shorts have 5.24 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.50, which implies an increase of 92.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.50 and $2.50 respectively. As a result, ATNX is trading at a discount of -1150.0% off the target high and -1150.0% off the low.
Athenex Inc. (ATNX) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 46.60% this quarter and then jump 70.00% in the quarter after that. In the rating firms’ projections, revenue will increase 0.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $24.43 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $26.87 million by the end of Jun 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $29.72 million and $31.52 million respectively. In this case, analysts expect current quarter sales to shrink by -17.80% and then drop by -14.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 17.30%. While earnings are projected to return 50.80% in 2023.
ATNX Dividends
Athenex Inc. is due to release its next quarterly earnings between July 26 and July 31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Athenex Inc. (NASDAQ:ATNX)’s Major holders
Athenex Inc. insiders own 9.73% of total outstanding shares while institutional holders control 29.87%, with the float percentage being 33.10%. Perceptive Advisors Llc is the largest shareholder of the company, while 69 institutions own stock in it. As of Mar 30, 2023, the company held over 0.78 million shares (or 8.96% of all shares), a total value of $0.16 million in shares.
The next largest institutional holding, with 0.27 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.10% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $54463.0.
Also, the Mutual Funds coming in first place with the largest holdings of Athenex Inc. (ATNX) shares are Vanguard Total Stock Market Index Fund and USAA Mutual Fund Tr-Science & Technology Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 0.33 million shares. This amounts to just over 3.83 percent of the company’s overall shares, with a $67359.0 market value. The same data shows that the other fund manager holds slightly less at 0.28 million, or about 3.25% of the stock, which is worth about $57117.0.
