Akebia Therapeutics Inc. (NASDAQ:AKBA) has a beta value of 1.70 and has seen 2.49 million shares traded in the last trading session. The company, currently valued at $539.87M, closed the last trade at $3.04 per share which meant it gained $0.18 on the day or 6.29% during that session. The AKBA stock price is -69.08% off its 52-week high price of $5.14 and 31.25% above the 52-week low of $2.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.46 million shares traded. The 3-month trading volume is 3.22 million shares.
The consensus among analysts is that Akebia Therapeutics Inc. (AKBA) is an Overweight stock at the moment, with a recommendation rating of 2.20. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.33.
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Sporting 6.29% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 09/27/21 when the AKBA stock price touched $3.04 or saw a rise of 1.94%. Year-to-date, Akebia Therapeutics Inc. shares have moved 8.57%, while the 5-day performance has seen it change 8.57%. Over the past 30 days, the shares of Akebia Therapeutics Inc. (NASDAQ:AKBA) have changed 16.48%. Short interest in the company has seen 16.09 million shares shorted with days to cover at 5.52.
Wall Street analysts have a consensus price target for the stock at $6.63, which means that the shares’ value could jump 54.15% from current levels. The projected low price target is $2.76 while the price target rests at a high of $10.00. In that case, then, we find that the current price level is -228.95% off the targeted high while a plunge would see the stock lose 9.21% from current levels.
Akebia Therapeutics Inc. (AKBA) estimates and forecasts
Figures show that Akebia Therapeutics Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -1.94% over the past 6 months, with this year growth rate of 47.29%, compared to 18.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 21.40% and 51.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -29.30%.
5 analysts offering their estimates for the company have set an average revenue estimate of $47.31 million for the current quarter. 5 have an estimated revenue figure of $54.39 million for the next quarter concluding in Dec 2021. Year-ago sales stood $59.99 million and $56.7 million respectively for this quarter and the next, and analysts expect sales will shrink by -21.10% for the current quarter and -4.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -3.80% over the past 5 years.
Akebia Therapeutics Inc. is expected to release its next earnings report between November 03 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Akebia Therapeutics Inc. (NASDAQ:AKBA)’s Major holders
Insiders own 1.14% of the company shares, while shares held by institutions stand at 66.65% with a share float percentage of 67.42%. Investors are also buoyed by the number of investors in a company, with Akebia Therapeutics Inc. having a total of 211 institutions that hold shares in the company. The top two institutional holders are State Street Corporation with over 17.04 million shares worth more than $57.69 million. As of Mar 30, 2021, State Street Corporation held 10.64% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 12.37 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $41.87 million and represent 7.73% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. As of May 30, 2021, the former fund manager holds about 8.66% shares in the company for having 13.87 million shares of worth $48.7 million while later fund manager owns 3.86 million shares of worth $13.06 million as of Mar 30, 2021, which makes it owner of about 2.41% of company’s outstanding stock.