Athersys Inc. [NASDAQ: ATHX] slipped around -0.03 points on Monday, while shares priced at $2.59 at the close of the session, down -1.15%. The company report on August 10, 2020 that Athersys Reports Second Quarter 2020 Results.
Management to host conference call at 4:30 pm EDT today.
Athersys, Inc. (NASDAQ: ATHX) announced today its financial results for the three months ended June 30, 2020.
Athersys Inc. stock is now 110.57% up from its year-to-date (YTD) trading value. ATHX Stock saw the intraday high of $2.63 and lowest of $2.47 per share. The company’s 52-week high price is 4.38, which means current price is +129.20% above from all time high which was touched on 04/01/20.
Compared to the average trading volume of 4.16M shares, ATHX reached a trading volume of 3115376 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Athersys Inc. [ATHX]?
BofA/Merrill have made an estimate for Athersys Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 25, 2020. While these analysts kept the previous recommendation, Dawson James raised their target price to Buy. The new note on the price target was released on August 26, 2019, representing the official price target for Athersys Inc. stock. Previously, the target price had yet another drop from $12 to $6, while Maxim Group kept a Buy rating on ATHX stock. On August 10, 2017, analysts increased their price target for ATHX shares from 9 to 12.
The Average True Range (ATR) for Athersys Inc. is set at 0.15, with the Price to Sales ratio for ATHX stock in the period of the last 12 months amounting to 120.23. The Price to Book ratio for the last quarter was 21.58, with the Price to Cash per share for the same quarter was set at 0.17.
How has ATHX stock performed recently?
Athersys Inc. [ATHX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.72. With this latest performance, ATHX shares dropped by -7.83% in over the last four-week period, additionally plugging by 93.28% over the last 6 months – not to mention a rise of 110.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATHX stock in for the last two-week period is set at 44.42, with the RSI for the last a single of trading hit 40.39, and the three-weeks RSI is set at 46.26 for Athersys Inc. [ATHX]. The present Moving Average for the last 50 days of trading for this stock 2.76, while it was recorded at 2.62 for the last single week of trading, and 2.00 for the last 200 days.
Athersys Inc. [ATHX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Athersys Inc. [ATHX] shares currently have an operating margin of -807.53. Athersys Inc.’s Net Margin is presently recorded at -791.44.
Return on Total Capital for ATHX is now -137.04, given the latest momentum, and Return on Invested Capital for the company is -134.31. Return on Equity for this stock declined to -134.31, with Return on Assets sitting at -86.24.
Reflecting on the efficiency of the workforce at the company, Athersys Inc. [ATHX] managed to generate an average of -$537,133 per employee. Receivables Turnover for the company is 1.89 with a Total Asset Turnover recorded at a value of 0.11.Athersys Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.
Earnings analysis for Athersys Inc. [ATHX]
With the latest financial reports released by the company, Athersys Inc. posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 33.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATHX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Athersys Inc. go to 28.00%.
Insider trade positions for Athersys Inc. [ATHX]
There are presently around $90 million, or 18.20% of ATHX stock, in the hands of institutional investors. The top three institutional holders of ATHX stocks are: BLACKROCK INC. with ownership of 10,134,965, which is approximately 1.23% of the company’s market cap and around 10.00% of the total institutional ownership; VANGUARD GROUP INC, holding 6,757,889 shares of the stock with an approximate value of $17.5 million in ATHX stocks shares; and STATE STREET CORP, currently with $7.34 million in ATHX stock with ownership of nearly 18.184% of the company’s market capitalization.
Positions in Athersys Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 78 institutional holders increased their position in Athersys Inc. [NASDAQ:ATHX] by around 3,914,723 shares. Additionally, 38 investors decreased positions by around 1,793,013 shares, while 26 investors held positions by with 28,905,836 shares. The mentioned changes placed institutional holdings at 34,613,572 shares, according to the latest SEC report filing. ATHX stock had 29 new institutional investments in for a total of 1,649,710 shares, while 19 institutional investors sold positions of 552,919 shares during the same period.