With 1.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.63 million shares. The 52-week range on ALKS shows that it touched its highest point at $36.45 and its lowest point at $22.90 during that stretch. It currently has a 1-year price target of $38.58. Beta for the stock currently stands at 0.62.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALKS was down-trending over the past week, with a drop of -4.11%, but this was up by 8.93% over a month. Three-month performance surged to 18.28% while six-month performance rose 19.40%. The stock gained 13.32% in the past year, while it has gained 18.36% so far this year. A look at the trailing 12-month EPS for ALKS yields 2.18 with Next year EPS estimates of 1.87. For the next quarter, that number is 0.29. This implies an EPS growth rate of -37.12% for this year and 3.09% for next year.
Float and Shares Shorts:
At present, 162.18 million ALKS shares are outstanding with a float of 158.47 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALKS since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.80705 being high and $2.39626 being low. For ALKS, this leads to a yearly average estimate of $2.62122.
