While Akero Therapeutics Inc has overperformed by 4.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AKRO rose by 98.66%, with highs and lows ranging from $37.00 to $15.32, whereas the simple moving average jumped by 23.08% in the last 200 days.
On November 18, 2024, Citigroup started tracking Akero Therapeutics Inc (NASDAQ: AKRO) recommending Buy. Cantor Fitzgerald also rated AKRO shares as ‘Overweight’, setting a target price of $69 on the company’s shares in an initiating report dated September 19, 2023. UBS Initiated an Buy rating on August 28, 2023, and assigned a price target of $83. Morgan Stanley January 27, 2023d its ‘Equal-Weight’ rating to ‘Overweight’ for AKRO, as published in its report on January 27, 2023. Evercore ISI’s report from September 14, 2022 suggests a price prediction of $50 for AKRO shares, giving the stock a ‘Outperform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Akero Therapeutics Inc (AKRO)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Akero Therapeutics Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -35.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 17.25, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and AKRO is recording an average volume of 547.73K. On a monthly basis, the volatility of the stock is set at 5.87%, whereas on a weekly basis, it is put at 7.03%, with a loss of -4.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.90, showing growth from the present price of $31.03, which can serve as yet another indication of whether AKRO is worth investing in or should be passed over.
How Do You Analyze Akero Therapeutics Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 16.29%. 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 96.76% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AKRO shares are owned by institutional investors to the tune of 96.76% at present.
