Interested In Buying Athenex Inc. (ATNX)? Make Sure You Read This First

The stock of Athenex Inc. (NASDAQ:ATNX) increased by $0.01 on Wednesday to $0.54, up 1.80 percent. The last five days have seen an average of 826,134 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$0.8131. The average number of shares traded over the last 20 days was 905,393, while the average volume over the last 50 days totaled 859,669.

ATNX stock appreciated 6.92% since last month. On 06/02/22, the company’s shares reached a one-month low of $0.4210. The stock touched a high of $5.13 on 01/04/22, after rallying from a low of $0.42 in 52 weeks. The price of ATNX stock has declined by -61.15% or -$0.8131 this year, reaching a new high 2 times. Still, the stock price is down -89.52% from the 52-week high.


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Insider Transactions

There have been 212 days since Athenex Inc. (ATNX) last reported insider trading activity on Nov 22. On Nov 22, CEO and Chairman of the Board LAU JOHNSON YIU NAM acquired 3,000 shares at $1.84 each. This transaction resulted in the insider spending $5,520. On Nov 18, LAU JOHNSON YIU NAM added 3,000 shares at a price of US$1.87. After the transaction, the insider now owns 3,271,959 shares. Director Kanfer Jordan had earlier bought 4,952 shares on Nov 17 for $2.02 a share. The transaction was completed for $10,003.

Valuation Metrics

Beta for the stock is 0.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 1.55.

Financial Health

For the three months ended March 30, Athenex Inc.’s quick ratio was 1.10, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 2.69, and the total debt to equity ratio is 3.34. As far as profitability goes, gross margin for the trailing twelve months is 18.00% percent. Based on annual data, it had gross profit of $37.77 million and revenue of $120.18 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATNX’s return on assets (ROA) during the last 12 months has been -59.20%. There was a -86.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -180.30%.

Earnings Surprise

According to Athenex Inc.’s quarterly financial report for the quarter that ended March 30, it had $10.24 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $29.72 million, while revenues fell by -38.06% to $24.94 million. It was predicted that Athenex Inc.’s quarterly earnings would be -$0.15, but it ended up being -$0.18, beating the consensus by 16.70%. EBITDA was -$20.98 million for the quarter. At the end of Athenex Inc.’s most recent quarter ended March 30, its liabilities totaled 216.06 million, while its total debt was $157.74 million. Equity owned by shareholders amounts to $111.83 million.

Technical Picture

Here’s a quick look at Athenex Inc.’s (ATNX) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 59.57%, suggesting the stock is Neutral, with a 116.26% historical volatility rate.

The stochastic %K and %D were 48.57% and 39.82% respectively, while the average true range (ATR) was 0.0570. Based on the 14-day stochastic reading of 61.09%, the RSI (14) reading is 54.40%. On the 9-day MACD Oscillator, the stock is at 0.0152, and the 14-day reading is at 0.0115.

Analyst Ratings

Athenex Inc. (NASDAQ: ATNX) was downgraded by Truist to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Athenex Inc. (ATNX) an Overweight rating. ATNX is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.

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