During the last session, Akoya Biosciences Inc (NASDAQ:AKYA)’s traded shares were 0.47 million, with the beta value of the company hitting 1.36. At the end of the trading day, the stock’s price was $2.88, reflecting an intraday loss of -1.03% or -$0.03. The 52-week high for the AKYA share is $6.31, that puts it down -119.1 from that peak though still a striking 34.72% gain since the share price plummeted to a 52-week low of $1.88. The company’s market capitalization is $142.56M, and the average intraday trading volume over the past 10 days was 0.15 million shares, and the average trade volume was 191.88K shares over the past three months.
Akoya Biosciences Inc (AKYA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. AKYA has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 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 -0.2.
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Akoya Biosciences Inc (NASDAQ:AKYA) trade information
Akoya Biosciences Inc (AKYA) registered a -1.03% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.03% in intraday trading to $2.88, hitting a weekly high. The stock’s 5-day price performance is -2.04%, and it has moved by 19.50% in 30 days. Based on these gigs, the overall price performance for the year is -35.28%. The short interest in Akoya Biosciences Inc (NASDAQ:AKYA) is 3.3 million shares and it means that shorts have 18.17 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 52.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $17 respectively. As a result, AKYA is trading at a discount of -490.28% off the target high and -4.17% off the low.
Akoya Biosciences Inc (AKYA) estimates and forecasts
Statistics show that Akoya Biosciences Inc has outperformed its competitors in share price, compared to the industry in which it operates. Akoya Biosciences Inc (AKYA) shares have gone down -42.28% during the last six months, with a year-to-date growth rate more than the industry average at 31.47% against 17.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 23.10% this quarter and then jump 54.50% in the quarter after that. In the rating firms’ projections, revenue will increase 1.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 25.43M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 30.76M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 25.12M and 26.49M respectively. In this case, analysts expect current quarter sales to grow by 1.20% and then jump by 16.10% 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 -37.60%. While earnings are projected to return 29.24% in 2024.
AKYA Dividends
Akoya Biosciences Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Akoya Biosciences Inc (NASDAQ:AKYA)’s Major holders
Akoya Biosciences Inc insiders own 11.60% of total outstanding shares while institutional holders control 67.17%, with the float percentage being 75.99%. BLUE WATER LIFE SCIENCE ADVISORS, LP is the largest shareholder of the company, while 90.0 institutions own stock in it. As of 2024-06-30, the company held over 4.7 million shares (or 9.5506% of all shares), a total value of $10.99 million in shares.
The next largest institutional holding, with 1.5 million shares, is of BLACKROCK INC.’s that is approximately 3.0534% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.51 million.
