The share price of Akorn Inc. [NASDAQ: AKRX] inclined by $0.21, presently trading at $0.19. The company’s shares saw -0.94% loss compared to the lowest price in the period of the last 52 weeks, set at 0.19 recorded on 04/02/20. The last few days have been tough to the share price as AKRX fall by -71.62% during the last week, even though the stock is still up by 0.6938 compared to -0.4538 of all time high it touched on 03/30/20. However, the stock had a poor performance during the past 3 months, roughly losing -78.94%, while additionally dropping -93.88% during the last 12 months. Akorn Inc. is said to have a 12-month price target set at $2.00. That means that the stock has a strong potential to acquire 1.81% increase from the current trading price.
Akorn Inc. [NASDAQ:AKRX]: Analyst Rating and Earnings
Stock market traders frequently keep their eyes on what Wall Street experts as it relates to a potential investment. For Akorn Inc. [AKRX], the most recent analyst consensus recommendation available since its latest financial results for the quarter ending in 12/30/2019. This is compared to its latest closing price of $0.21.
Wall Street analysts provide their ratings on a scale of 1 to 5, and the current average score for Akorn Inc. [AKRX] is sitting at 4.00. This is compared to 1 month ago, when its average rating was 3.67.
Fundamental Analysis of Akorn Inc. [AKRX]
Now let’s turn to look at profitability: with a current Operating Margin for Akorn Inc. [AKRX] sitting at -27.50% and its Gross Margin at 37.00%, this company’s Net Margin is now -33.20. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
Akorn Inc. [AKRX] has 145.26M shares outstanding, amounting to a total market cap of 30.50M. Its stock price has been found in the range of 0.19 to 5.46. At its current price, it has moved down by -96.53% from its 52-week high, and it has moved down -0.94% from its 52-week low.
This stock’s Beta value is currently 1.90, which indicates that it is 32.34% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 25.15. This stock, according to these metrics, is currently Oversold.
Conclusion: Is Akorn Inc. [AKRX] a Reliable Buy?
Akorn Inc. [AKRX] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.