Athersys Inc. (NASDAQ:ATHX) finished Thursday with an addition of $0.03 to close at $0.47, an upside of 5.66 percent. An average of 1,328,980 shares of common stock have been traded in the last five days. There was a fall of -$0.1824 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 455,675 shares traded, while the 50-day average volume stands at 231,322.
ATHX stock has decreased by -42.27% in the last month. The company shares reached their 1-month lowest point of $0.3439 on 08/09/23. With the stock rallying to its 52-week high on 02/07/23, shares of the company touched a low of $0.34 and a high of $7.38 in 52 weeks. It has reached a new high 12 times so far this year and lost -44.64% or -$0.3750 in price. In spite of this, the price is down -93.69% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Athersys Inc. (ATHX) stock’s beta is -0.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.36.
Financial Health
The quick ratio of Athersys Inc. for the three months ended March 30 was 0.20, and the current ratio was 0.20, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $82.33 million compared to revenue of $5.33 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, Athersys Inc.’s return on assets was -193.60%.
Earnings Surprise
The company posted a net income of -$7.81 million in the quarter, while revenues of -$58.87 million were grew 100.0%. The analyst consensus anticipated Athersys Inc.’s latest quarter earnings to come in at -$0.54 per share, but it turned out to be -$0.43, a 20.40% surprise. For the quarter, EBITDA amounted to -$7.28 million. Shareholders own equity worth $20.87 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Athersys Inc. (ATHX) price momentum. RSI 9-day as of the close on 10 August was 22.46%, suggesting the stock is oversold, with historical volatility in this time frame at 131.46%.
As of today, ATHX’s price is $0.4817 -28.17% or -$0.1824 from its 5-day moving average. ATHX is currently trading -41.88% lower than its 20-day SMA and -64.50% lower than its 100-day SMA. However, the stock’s current price level is -53.03% below the SMA50 and -76.87% below the SMA200.
The stochastic %K and %D were 15.51% and 12.43%, respectively, and the average true range (ATR) was 0.1082. With the 14-day stochastic at 23.37% and the average true range at 0.0974, the RSI (14) stands at 25.05%. The stock has reached -0.1242 on the 9-day MACD Oscillator while the 14-day reading was at -0.1826.
Analyst Ratings
BofA Securities downgraded Athersys Inc. (NASDAQ: ATHX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.
