Better Times Ahead For Amicus Therapeutics Inc (NASDAQ: FOLD)?

Amicus Therapeutics Inc (FOLD) concluded trading on Thursday at a closing price of $11.70, with 2.17 million shares of worth about $25.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.69% during that period and on August 22, 2024 the price saw a loss of about -3.23%. Currently the company’s common shares owned by public are about 293.59M shares, out of which, 289.18M shares are available for trading.

Stock saw a price change of 2.18% in past 5 days and over the past one month there was a price change of 13.04%. Year-to-date (YTD), FOLD shares are showing a performance of -17.55% which decreased to -6.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.02 but also hit the highest price of $14.57 during that period. The average intraday trading volume for Amicus Therapeutics Inc shares is 2.67 million. The stock is currently trading 7.77% above its 20-day simple moving average (SMA20), while that difference is up 11.79% for SMA50 and it goes to 2.85% higher than SMA200.

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Amicus Therapeutics Inc (NASDAQ: FOLD) currently have 293.59M outstanding shares and institutions hold larger chunk of about 105.32% of that.

The stock has a current market capitalization of $3.47B and its 3Y-monthly beta is at 0.68. It has posted earnings per share of -$0.40 in the same period. It has Quick Ratio of 2.26 while making debt-to-equity ratio of 3.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FOLD, volatility over the week remained 3.14% while standing at 3.88% over the month.

Stock’s fiscal year EPS is expected to rise by 63.49% while it is estimated to increase by 202.73% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on May 30, 2024 offering an Overweight rating for the stock and assigned a target price of $18 to it. Coverage by Guggenheim stated Amicus Therapeutics Inc (FOLD) stock as a Buy in their note to investors on May 14, 2024, suggesting a price target of $13 for the stock. On December 19, 2023, Morgan Stanley Upgrade their recommendations, while on September 09, 2022, Morgan Stanley Initiated their ratings for the stock with a price target of $14. Stock get a Neutral rating from Goldman on April 13, 2022.

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