In recent trading session, Akebia Therapeutics Inc. (NASDAQ:AKBA) saw 0.45 million shares changing hands at last check today with its beta currently measuring 0.76. Company’s recent per share price level of $1.42 trading at -$0.02 or -1.04% at last check today assigns it a market valuation of $299.66M. That most recent trading price of AKBA’s stock is at a discount of -74.65% from its 52-week high price of $2.48 and is indicating a premium of 45.07% from its 52-week low price of $0.78. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.1 million shares which gives us an average trading volume of 2.96 million if we extend that period to 3-months.
For Akebia Therapeutics Inc. (AKBA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.06 in the current quarter.
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Akebia Therapeutics Inc. (NASDAQ:AKBA) trade information
Upright in the red during last session for losing -1.04%, in the last five days AKBA remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $1.42 price level, adding 2.74% to its value on the day. Akebia Therapeutics Inc.’s shares saw a change of 14.92% in year-to-date performance and have moved 28.38% in past 5-day. Akebia Therapeutics Inc. (NASDAQ:AKBA) showed a performance of 4.78% in past 30-days. Number of shares sold short was 17.89 million shares which calculate 6.83 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.5 to the stock, which implies a rise of 78.15% to its recent value today. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -322.54% in reaching the projected high whereas dropping to the targeted low would mean a loss of -322.54% for stock’s current value.
Akebia Therapeutics Inc. (AKBA) estimates and forecasts
Statistics highlight that Akebia Therapeutics Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -3.06% of value to its shares in past 6 months, showing an annual growth rate of 32.14% while that of industry is 18.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -11.60% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 44.51M for the same. And 3 analysts are in estimates of company making revenue of 51.22M in the next quarter. Company posted 42.05M and 56.2M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 35.46% during past 5 years.
Akebia Therapeutics Inc. (NASDAQ:AKBA)’s Major holders
Insiders are in possession of 2.17% of company’s total shares while institution are holding 27.72 percent of that, with stock having share float percentage of 28.34%. Investors also watch the number of corporate investors in a company very closely, which is 27.72% institutions for Akebia Therapeutics Inc. that are currently holding shares of the company. ALERCE INVESTMENT MANAGEMENT, L.P. is the top institutional holder at AKBA for having 13.21 million shares of worth $24.17 million. And as of 2024-03-31, it was holding 6.9536 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 8.23 million shares on 2024-03-31. The number of shares represents firm’s hold over 4.3317 of outstanding shares, having a total worth of $15.05 million.
