How Have Athenex Inc. (ATNX) Insiders Been Trading?

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Athenex Inc. (NASDAQ:ATNX) finished Wednesday with a subtraction of -$0.05 to close at $0.31, a downside of -12.98 percent. An average of 1,446,500 shares of common stock have been traded in the last five days. There was a fall of -$0.1301 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,057,810 shares traded, while the 50-day average volume stands at 2,121,516.

ATNX stock has decreased by -30.55% in the last month. The company shares reached their 1-month lowest point of $0.3020 on 09/21/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.35 and a high of $3.42 in 52 weeks. It has reached a new high 2 times so far this year and lost -77.28% or -$1.0510 in price. In spite of this, the price is down -90.96% from the 52-week high.


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Valuation Metrics

Athenex Inc. (ATNX) stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.35, the price-to-book (PB) ratio at 2.81.

Financial Health

The quick ratio of Athenex Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 8.17 and a total debt to equity ratio of 10.16 for the quarter ending June 29. Its gross profit as reported stood at $37.77 million compared to revenue of $120.18 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Athenex Inc.’s return on assets was -68.30%.

Earnings Surprise

For the three-month period that ended June 29, Athenex Inc. had $1.19 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$32.16 million in the quarter, while revenues of -$17.42 million were shrunk -6.56%. The analyst consensus anticipated Athenex Inc.’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be -$0.28, a -86.70% surprise. For the quarter, EBITDA amounted to -$20.86 million. Shareholders own equity worth $121.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Athenex Inc. (ATNX) price momentum. RSI 9-day as of the close on 21 September was 20.15%, suggesting the stock is oversold, with historical volatility in this time frame at 87.23%.

As of today, ATNX’s price is $0.3768 -29.63% or -$0.1301 from its 5-day moving average. ATNX is currently trading -33.56% lower than its 20-day SMA and -39.91% lower than its 100-day SMA. However, the stock’s current price level is -45.79% below the SMA50 and -80.57% below the SMA200.

The stochastic %K and %D were 7.06% and 15.54%, respectively, and the average true range (ATR) was 0.0368. With the 14-day stochastic at 3.94% and the average true range at 0.0445, the RSI (14) stands at 29.51%. The stock has reached -0.0668 on the 9-day MACD Oscillator while the 14-day reading was at -0.0807.

Analyst Ratings

Truist downgraded Athenex Inc. (NASDAQ: ATNX) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Athenex Inc. (ATNX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ATNX, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is ATNX’s price target for the next 12 months?

Analysts predict a range of price targets between $1.00 and $4.00, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for Athenex Inc. (ATNX) stock is $2.33.

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