As of Thursday close, Alkermes plc’s (NASDAQ:ALKS) stock was down -$0.32, moving down -1.14 percent to $27.63. The average number of shares traded per day over the past five days has been 2,487,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.65 fall in that time frame. In the last twenty days, the average volume was 1,712,955, while in the previous 50 days, it was 1,492,668.
Since last month, ALKS stock retreated -8.18%. Shares of the company fell to $27.46 on 08/03/23, the lowest level in the past month. A 52-week high of $33.71 was reached on 06/26/23 after having rallying from a 52-week low of $21.75. Since the beginning of this year, ALKS’s stock price has risen by 5.74% or $1.50, and marked a new high 22 times. However, the stock has declined by -18.04% since its 52-week high.
ALKS stock investors should be aware that Alkermes plc (ALKS) stock had its last reported insider trading activity 57 days ago on Jun 08. LAURENCIN CATO T, the Director of the company, disposed of 2,638 shares for $31.85 on Jun 08. It resulted in a $84,020 divestment by the insider. LAURENCIN CATO T sold 2,800 shares at an average price of $31.50 on Jun 07. The insider now owns 7,479 shares following the transaction. On May 30, SVP, Chief Commercial Officer Nichols Christian Todd sold 27,134 shares at $28.93 apiece. The transaction was valued at $784,862.
Valuation Metrics
Right now, Alkermes plc (ALKS) has a P/E ratio of about 48.82. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 3.31, the price-to-book (PB) ratio of 3.59, and the price-to-cash flow ratio of 30.39 may also be considered.
Financial Health
In the three months ended June 29, Alkermes plc’s quick ratio stood at 2.50, while its current ratio was 2.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.23, and the total debt-to-equity ratio was 0.23. On the profitability front, the trailing twelve-month gross margin is 84.50% percent. In the year ended June 29, EBITDA margin amounted to -5.79%, whereas operating margins totaled 7.60%. Based on annual data, ALKS earned $893.69 million in gross profit and brought in $1.11 billion in revenue.
In Alkermes plc’s quarter-end financial report for June 29, it reported total debt of $289.0 million against cash and short-term investments of $163.25 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ALKS’s revenue rose 55.26% to $287.6 million during the quarter, while net income inched up to $617.4 million. While analysts expected Alkermes plc to report $0.56 quarterly earnings, the actual figure was $0.55 per share, beating the consensus estimate by -1.80%. During the quarter, the company generated $258.2 million in EBITDA. The liabilities of Alkermes plc were 906.75 million at the end of its most recent quarter ended June 29, and its total debt was $389.54 million. The value of shareholders’ equity is $166.56 million.
Technical Picture
This quick technical analysis looks at Alkermes plc’s (ALKS) price momentum. With a historical volatility rate of 28.68%, the RSI 9-day stood at 24.49% on 03 August.
With respect to its five-day moving average, the current Alkermes plc price is down by -8.75% percent or -$2.65. At present, ALKS shares trade -8.05% below its 20-day simple moving average and +3.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.60% below its SMA50 and +22.15% above its SMA200.
Stochastic coefficient K was 2.59% and Stochastic coefficient D was 7.48%, while ATR was 0.83. Given the Stochastic reading of 3.33% for the 14-day period, the RSI (14) reading has been calculated as 30.13%. As of today, the MACD Oscillator reading stands at -1.42, while the 14-day reading stands at -2.16.
Analyst Ratings
Piper Sandler upgraded its rating on Alkermes plc (NASDAQ: ALKS) to an Overweight in a note to investors on November 03, 2022. The analysts firm previously had a Neutral rating on the stock.Alkermes plc (ALKS) has been rated Overweight by analysts. According to 0 brokerage firms, ALKS is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Alkermes plc stock as buy, with 5 recommending it as overweight.
With a median target price of $36.00, the current consensus forecast for the stock is $30.00 – $48.00. Based on these forecasts, analysts predict Alkermes plc (ALKS) will achieve an average price target of $36.67.
