On Monday, shares of Akebia Therapeutics, Inc. (NASDAQ:AKBA) marked $2.84 per share versus a previous $3.18 closing price. With having a -10.69% loss, an insight into the fundamental values of Akebia Therapeutics, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. AKBA showed a fall of -55.06% within its YTD performance, with highs and lows between $2.34 – $13.71 during the period of 52 weeks, compared to the simple moving average of -66.77% in the period of the last 200 days.
Needham equity researchers changed the status of Akebia Therapeutics, Inc. (NASDAQ: AKBA) shares to a “Buy” rating in the report published on November 14th, 2019. Other analysts, including H.C. Wainwright, also published their reports on AKBA shares. H.C. Wainwright repeated the rating from the previous report, marking AKBA under “Buy” rating, in the report published on August 6th, 2019. Additionally, AKBA shares got another “Buy” rating from H.C. Wainwright, setting a target price of $21 on the company’s shares, according to the report published in July 11th, 2019. On May 2nd, 2019, JP Morgan Initiated an Overweight rating and increased its price target to $12. On the other hand, Citigroup Initiated the “Neutral” rating for AKBA shares, as published in the report on March 20th, 2019. Morgan Stanley seems to be going bullish on the price of AKBA shares, based on the price prediction for AKBA. Another “Buy” rating came from Needham, providing a prediction for price target according to the report published in August 10th, 2018.
[bold-text]Akebia Therapeutics, Inc. (AKBA) Analysis[/bold-text]
The present dividend yield for AKBA owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -10.60%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Akebia Therapeutics, Inc. (AKBA) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -94.70% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.80 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while AKBA is currently recording an average of 6.54M in volumes. The volatility of the stock on monthly basis is set at 10.30%, while the weekly volatility levels are marked at 18.33%with -23.24% of loss in the last seven days.
[bold-text]What to Look for When Analyzing Akebia Therapeutics, Inc. Shares?[/bold-text]
Akebia Therapeutics, Inc. (AKBA) is based in the USA and it represents one of the well-known company operating with Healthcare sector. If you wish to compare AKBA shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Akebia Therapeutics, Inc., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -3.01 is supported by the yearly EPS growth of 4.50%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.30%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 76.40% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in AKBA Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in AKBA in the recent period. That is how SSgA Funds Management, Inc. now has an increase position in AKBA by 206.07% in the first quarter, owning 15.34 million shares of AKBA stocks, with the value of $38.5 million after the purchase of an additional 10,328,433 shares during the last quarter. In the meanwhile, BlackRock Fund Advisors also increased their stake in AKBA shares changed 10.81% in the first quarter, which means that the company now owns 9.94 million shares of company, all valued at $24.94 million after the acquisition of additional 969,630 shares during the last quarter.
Wellington Management Co. LLP acquired a new position in Akebia Therapeutics, Inc. during the first quarter, with the value of $18.26 million, and The Vanguard Group, Inc. increased their stake in the company’s shares by 21.54% in the first quarter, now owning 1,224,907 shares valued at $17.35 million after the acquisition of the additional 6.91 million shares during the last quarter. In the end, Abrams Capital Management LP increased their position by — during the first quarter, now owning 5.66 million AKBA shares, now holding the value of $14.2 million in AKBA with the purchase of the additional 0 shares during the period of the last quarter. At the present, 76.40% of AKBA shares are in the ownership of institutional investors.