Alkermes plc (ALKS) concluded trading on Thursday at a closing price of $26.85, with 7.0 million shares of worth about $188.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.86% during that period and on October 24, 2024 the price saw a loss of about -3.59%. Currently the company’s common shares owned by public are about 166.98M shares, out of which, 161.57M shares are available for trading.
Stock saw a price change of -5.22% in past 5 days and over the past one month there was a price change of 1.59%. Year-to-date (YTD), ALKS shares are showing a performance of -3.21% which increased to 14.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.46 but also hit the highest price of $32.88 during that period. The average intraday trading volume for Alkermes plc shares is 1.69 million. The stock is currently trading -4.23% below its 20-day simple moving average (SMA20), while that difference is down -3.50% for SMA50 and it goes to 1.01% higher than SMA200.
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Alkermes plc (NASDAQ: ALKS) currently have 166.98M outstanding shares and institutions hold larger chunk of about 109.35% of that.
The stock has a current market capitalization of $4.42B and its 3Y-monthly beta is at 0.46. PE ratio of stock for trailing 12 months is 15.91, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 0.77 and has Quick Ratio of 2.61 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALKS, volatility over the week remained 3.90% while standing at 3.54% over the month.
Stock’s fiscal year EPS is expected to rise by 78.05% while it is estimated to decrease by -10.73% 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 TD Cowen on June 17, 2024 offering a Buy rating for the stock and assigned a target price of $34 to it. Coverage by Robert W. Baird stated Alkermes plc (ALKS) stock as an Outperform in their note to investors on March 19, 2024, suggesting a price target of $37 for the stock. On February 20, 2024, UBS Downgrade their recommendations, while on November 20, 2023, JP Morgan Resumed their ratings for the stock with a price target of $33. Stock get an Outperform rating from Evercore ISI on October 24, 2023.
