Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) has a beta value of -0.71 and has seen 1.0 million shares traded in the last trading session. The company, currently valued at $393.96M, closed the last trade at $5.66 per share which meant it gained $0.39 on the day or 7.40% during that session. The AMLX stock price is -252.47% off its 52-week high price of $19.95 and 72.08% above the 52-week low of $1.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.86 million shares traded. The 3-month trading volume is 1.43 million shares.
The consensus among analysts is that Amylyx Pharmaceuticals Inc (AMLX) is Buy stock at the moment, with a recommendation rating of 2.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.6.
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Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) trade information
Sporting 7.40% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMLX stock price touched $5.66 or saw a rise of 2.58%. Year-to-date, Amylyx Pharmaceuticals Inc shares have moved -61.55%, while the 5-day performance has seen it change 6.79%. Over the past 30 days, the shares of Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) have changed 6.59%. Short interest in the company has seen 1.29 million shares shorted with days to cover at 0.81.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 5.67% from current levels. The projected low price target is $3.0 while the price target rests at a high of $11.0. In that case, then, we find that the current price level is -94.35% off the targeted high while a plunge would see the stock lose 47.0% from current levels.
Amylyx Pharmaceuticals Inc (AMLX) estimates and forecasts
Figures show that Amylyx Pharmaceuticals Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 230.99% over the past 6 months, with this year growth rate of -712.86%, compared to 16.70% for the industry. Revenue growth from the last financial year stood is estimated to be -76.88%.
Year-ago sales stood 108.45M and 88.64M respectively for this quarter and the next, and analysts expect sales will shrink by -100.00% for the current quarter and -76.88% for the next.
AMLX Dividends
Amylyx Pharmaceuticals Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Amylyx Pharmaceuticals Inc (NASDAQ:AMLX)’s Major holders
Insiders own 14.32% of the company shares, while shares held by institutions stand at 82.47% with a share float percentage of 96.25%. Investors are also buoyed by the number of investors in a company, with Amylyx Pharmaceuticals Inc having a total of 157.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 4.22 million shares worth more than $8.03 million. As of 2024-06-30, VANGUARD GROUP INC held 6.2251% of shares outstanding.
The other major institutional holder is AQR CAPITAL MANAGEMENT LLC, with the holding of over 3.34 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.35 million and represent 4.9237% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.64% shares in the company for having 1.81 shares of worth $10.25 million while later fund manager owns 643.25 shares of worth $3.64 million as of Jun 30, 2024 , which makes it owner of about 0.94% of company’s outstanding stock.
