Akorn Inc (NASDAQ:AKRX) shares traded -1.25% down during most recent session to reach at the closing price of $6.34. The stock exchanged hands 3.26 Million shares versus average trading capacity of 3.11 Million shares, yielding a market cap of $793.96 Million. Wall Street analysts covering the stock are projecting that the stock will reach $8 within the next 52-weeks. The mean target projections are based on 4 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Akorn Inc (NASDAQ:AKRX) high price target of $11 and with a conservative view have low price target of $5.
PiperJaffray “Downgrades” Akorn Inc (NASDAQ:AKRX) in a research note issued to investors on 4/25/17 to Neutral.
Additionally on 4/25/17 Jefferies “Downgrades” Akorn Inc (NASDAQ:AKRX) to Hold and on 4/25/17 William Blair “Downgrades” the stock to Market Perform. Furthermore on 3/06/17 Deutsche Bank “Downgrades” the stock to Hold at $24.
On the other hand the company has Relative Strength Index (RSI 14) of 19.93 along with Average True Range (ATR 14) of 0.83, Consequently Akorn Inc (NASDAQ:AKRX)’s weekly and monthly volatility is 7.59%, 6.53% respectively. The company’s beta value is at 2.12.
In terms of Buy, Sell or Hold recommendations, Akorn Inc (NASDAQ:AKRX) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Akorn Inc (NASDAQ:AKRX)’s minimum EPS for the current quarter is at $0.07 and can go high up to $0.15. The consensus mean EPS for the current quarter is at $0.11 derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.22 earnings per share for the same quarter during last year.
Previously Akorn Inc (NASDAQ:AKRX) reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company posted an earnings surprise of 45.5%.
Akorn Inc (NASDAQ:AKRX)’s revenue estimates for the current quarter are $184.24 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $193.7 Million in contradiction of low revenue estimates of $178.19 Million. For the current year the company’s revenue estimates are $746.43 Million compared to low analyst estimates of $728.8 Million and high estimates of $767.6 Million according to 7 number of analysts.
Currently Akorn Inc (NASDAQ:AKRX)’s shares owned by insiders are 1.6%, whereas shares owned by institutional owners are 79.1%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.13%.
Akorn Inc (NASDAQ:AKRX)’s trailing twelve month revenues are $763.5 Million, whereas its price to sales ratio for the same period is 1.04. Its book value per share for the most recent quarter is $5.76 while its price to book ratio for the same period is 1.1, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.