Market Analysts see Akebia Therapeutics Inc. [AKBA] falling to $15. Time to buy?

Akebia Therapeutics Inc. [NASDAQ: AKBA] stock went on an upward path that rose over 5.65% on Thursday, amounting to a one-week price increase of more than 1.98%. The company report on August 10, 2020 that Akebia Reports Second Quarter 2020 Financial Results.

Akebia Therapeutics, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose of bettering the lives of people impacted by kidney disease, today reported financial results for the second quarter ended June 30, 2020. As previously announced, in lieu of a financial results and business update call, Akebia management plans to host a conference call and webcast in early September to report top-line data from PRO2TECT, the second of its two global Phase 3 cardiovascular outcomes programs. The two PRO2TECT studies evaluated the efficacy and safety of vadadustat, the Company’s investigational oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI), for the treatment of anemia due to chronic kidney disease (CKD) in adult patients not on dialysis.

Over the last 12 months, AKBA stock rose by 144.70%. The one-year Akebia Therapeutics Inc. stock forecast points to a potential upside of 36.76. The average equity rating for AKBA stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.55 billion, with 136.91 million shares outstanding and 134.78 million shares in the current float. Compared to the average trading volume of 1.29M shares, AKBA stock reached a trading volume of 2237993 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Akebia Therapeutics Inc. [AKBA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AKBA shares is $17.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AKBA stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Akebia Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 14, 2019. While these analysts kept the previous recommendation, H.C. Wainwright dropped their target price from $19 to $17. The new note on the price target was released on August 06, 2019, representing the official price target for Akebia Therapeutics Inc. stock. Previously, the target price had yet another drop from $23 to $21, while H.C. Wainwright kept a Buy rating on AKBA stock.

The Average True Range (ATR) for Akebia Therapeutics Inc. is set at 0.61, with the Price to Sales ratio for AKBA stock in the period of the last 12 months amounting to 4.54. The Price to Book ratio for the last quarter was 4.01, with the Price to Cash per share for the same quarter was set at 2.07.

AKBA Stock Performance Analysis:

Akebia Therapeutics Inc. [AKBA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.98. With this latest performance, AKBA shares dropped by -11.51% in over the last four-week period, additionally plugging by 6.80% over the last 6 months – not to mention a rise of 144.70% 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 AKBA stock in for the last two-week period is set at 44.98, with the RSI for the last a single of trading hit 47.91, and the three-weeks RSI is set at 45.91 for Akebia Therapeutics Inc. [AKBA]. The present Moving Average for the last 50 days of trading for this stock 11.83, while it was recorded at 10.59 for the last single week of trading, and 8.79 for the last 200 days.

Insight into Akebia Therapeutics Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Akebia Therapeutics Inc. [AKBA] shares currently have an operating margin of -85.46 and a Gross Margin at +56.61. Akebia Therapeutics Inc.’s Net Margin is presently recorded at -83.48.

Return on Total Capital for AKBA is now -49.62, given the latest momentum, and Return on Invested Capital for the company is -49.32. Return on Equity for this stock declined to -54.27, with Return on Assets sitting at -29.74. When it comes to the capital structure of this company, Akebia Therapeutics Inc. [AKBA] has a Total Debt to Total Equity ratio set at 27.44. Additionally, AKBA Total Debt to Total Capital is recorded at 21.53, with Total Debt to Total Assets ending up at 14.05. Long-Term Debt to Equity for the company is recorded at 26.18, with the Long-Term Debt to Total Capital now at 20.54.

Reflecting on the efficiency of the workforce at the company, Akebia Therapeutics Inc. [AKBA] managed to generate an average of -$776,831 per employee. Receivables Turnover for the company is 12.07 with a Total Asset Turnover recorded at a value of 0.36.Akebia Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.30.

AKBA Stock EPS

With the latest financial reports released by the company, Akebia Therapeutics Inc. posted -0.46/share EPS, while the average EPS was predicted by analysts to be reported at -0.43/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.00%. 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 AKBA.

Akebia Therapeutics Inc. [AKBA] Insider Position Details

There are presently around $1,164 million, or 69.20% of AKBA stock, in the hands of institutional investors. The top three institutional holders of AKBA stocks are: BAUPOST GROUP LLC/MA with ownership of 15,000,000, which is approximately -14.422% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 11,363,863 shares of the stock with an approximate value of $123.18 million in AKBA stocks shares; and VANGUARD GROUP INC, currently with $79.36 million in AKBA stock with ownership of nearly 24.387% of the company’s market capitalization.

Positions in Akebia Therapeutics Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 120 institutional holders increased their position in Akebia Therapeutics Inc. [NASDAQ:AKBA] by around 24,189,790 shares. Additionally, 59 investors decreased positions by around 9,199,753 shares, while 23 investors held positions by with 73,973,130 shares. The mentioned changes placed institutional holdings at 107,362,673 shares, according to the latest SEC report filing. AKBA stock had 45 new institutional investments in for a total of 8,265,441 shares, while 15 institutional investors sold positions of 1,456,077 shares during the same period.

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