While Ascendis Pharma A/S ADR has underperformed by -1.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ASND rose by 52.42%, with highs and lows ranging from $161.00 to $85.29, whereas the simple moving average jumped by 6.51% in the last 200 days.
On September 05, 2024, Oppenheimer Upgraded Ascendis Pharma A/S ADR (NASDAQ: ASND) to Outperform. A report published by TD Cowen on June 25, 2024, Upgraded its rating to ‘Buy’ for ASND. Stifel also rated ASND shares as ‘Buy’, setting a target price of $200 on the company’s shares in an initiating report dated May 31, 2024. Jefferies Initiated an Buy rating on December 20, 2023, and assigned a price target of $150. Credit Suisse initiated its ‘Neutral’ rating for ASND, as published in its report on June 14, 2023. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Ascendis Pharma A/S ADR (ASND)
Further, the quarter-over-quarter decrease in sales is -24.87%, showing a negative trend in the upcoming months.
Ascendis Pharma A/S ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -867.62% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.44, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ASND has an average volume of 573.63K. On a monthly basis, the volatility of the stock is set at 4.05%, whereas on a weekly basis, it is put at 3.35%, with a loss of -1.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $195.23, showing growth from the present price of $144.89, which can serve as yet another indication of whether ASND is worth investing in or should be passed over.
How Do You Analyze Ascendis Pharma A/S ADR Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 105.61% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ASND shares are owned by institutional investors to the tune of 105.61% at present.
