Athersys Inc. (NASDAQ:ATHX) finished Thursday with an addition of $0.02 to close at $0.48, an upside of 3.25 percent. An average of 626,893 shares of common stock have been traded in the last five days. There was a gain of $0.1660 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 792,653 shares traded, while the 50-day average volume stands at 388,173.
ATHX stock has decreased by -31.68% in the last month. The company shares reached their 1-month lowest point of $0.2560 on 08/18/23. With the stock rallying to its 52-week high on 02/07/23, shares of the company touched a low of $0.26 and a high of $4.84 in 52 weeks. It has reached a new high 12 times so far this year and lost -43.33% or -$0.3640 in price. In spite of this, the price is down -90.16% from the 52-week high.
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Valuation Metrics
Athersys Inc. (ATHX) stock’s beta is -0.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 124.38.
Financial Health
The quick ratio of Athersys Inc. for the three months ended June 29 was 0.10, and the current ratio was 0.10, indicating that the company is not able to meet its debt obligations. Athersys Inc.’s EBITDA margin for the year ending June 29 is -1419.51%. 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 -198.80%.
Earnings Surprise
The company posted a net income of -$12.92 million in the quarter, while revenues of -$7.81 million were grew 100.0%. The analyst consensus anticipated Athersys Inc.’s latest quarter earnings to come in at -$0.29 per share, but it turned out to be -$0.62, a -113.80% surprise. For the quarter, EBITDA amounted to -$12.95 million. Shareholders own equity worth $22.5 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 24 August was 50.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 181.90%.
As of today, ATHX’s price is $0.4176 +53.55% or $0.1660 from its 5-day moving average. ATHX is currently trading -28.64% lower than its 20-day SMA and -54.23% lower than its 100-day SMA. However, the stock’s current price level is -50.52% below the SMA50 and -78.94% below the SMA200.
The stochastic %K and %D were 50.42% and 39.88%, respectively, and the average true range (ATR) was 0.0812. With the 14-day stochastic at 62.16% and the average true range at 0.0822, the RSI (14) stands at 43.40%. The stock has reached 0.0430 on the 9-day MACD Oscillator while the 14-day reading was at 0.0280.
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. The consensus rating for Athersys Inc. (ATHX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ATHX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is ATHX’s price target for the next 12 months?
Analysts predict a range of price targets between $5.50 and $5.50, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Athersys Inc. (ATHX) stock is $5.50.
