Amicus Therapeutics Inc. [NASDAQ: FOLD] closed the trading session at $18.73 on 02/11/21. The day’s price range saw the stock hit a low of $18.47, while the highest price level was $19.8558. The company report on February 12, 2021 that Amicus’ AT-GAA Shows Clinically Meaningful & Significant Improvements in Both Musculoskeletal and Respiratory Measures in Late-Onset Pompe Disease Compared to Standard of Care in Pivotal Phase 3 PROPEL Study.
Rolling BLA submission for AT-GAA planned for completion in Q2 and other global regulatory submissions for approval expected throughout 2021.
Patients switching to AT-GAA from the approved standard of care ERT (alglucosidase alfa) walked on average 17 meters farther (p=0.046).
The stocks have a year to date performance of -18.88 percent and weekly performance of -7.19 percent. The stock has been moved at 28.11 percent over the last six months. The stock has performed -17.96 percent around the most recent 30 days and changed -16.01 percent over the most recent 3-months.
If compared to the average trading volume of 2.57M shares, FOLD reached to a volume of 4764847 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Amicus Therapeutics Inc. [FOLD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FOLD shares is $24.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FOLD 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.
Cantor Fitzgerald have made an estimate for Amicus Therapeutics Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 28, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price from $20 to $27. The new note on the price target was released on December 10, 2020, representing the official price target for Amicus Therapeutics Inc. stock.
The Average True Range (ATR) for Amicus Therapeutics Inc. is set at 1.21, with the Price to Sales ratio for FOLD stock in the period of the last 12 months amounting to 19.96. The Price to Book ratio for the last quarter was 15.10, with the Price to Cash per share for the same quarter was set at 1.94.
FOLD stock trade performance evaluation
Amicus Therapeutics Inc. [FOLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.19. With this latest performance, FOLD shares dropped by -17.96% in over the last four-week period, additionally plugging by 28.11% over the last 6 months – not to mention a rise of 67.83% 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 FOLD stock in for the last two-week period is set at 35.78, with the RSI for the last a single of trading hit 32.81, and the three-weeks RSI is set at 38.83 for Amicus Therapeutics Inc. [FOLD]. The present Moving Average for the last 50 days of trading for this stock 21.97, while it was recorded at 19.49 for the last single week of trading, and 16.95 for the last 200 days.
Amicus Therapeutics Inc. [FOLD]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Amicus Therapeutics Inc. [FOLD] shares currently have an operating margin of -165.03 and a Gross Margin at +85.33. Amicus Therapeutics Inc.’s Net Margin is presently recorded at -195.56.
Return on Total Capital for FOLD is now -44.51, given the latest momentum, and Return on Invested Capital for the company is -53.03. Return on Equity for this stock declined to -86.99, with Return on Assets sitting at -43.46. When it comes to the capital structure of this company, Amicus Therapeutics Inc. [FOLD] has a Total Debt to Total Equity ratio set at 44.13. Additionally, FOLD Total Debt to Total Capital is recorded at 30.62, with Total Debt to Total Assets ending up at 24.73. Long-Term Debt to Equity for the company is recorded at 42.62, with the Long-Term Debt to Total Capital now at 29.57.
Reflecting on the efficiency of the workforce at the company, Amicus Therapeutics Inc. [FOLD] managed to generate an average of -$610,253 per employee. Receivables Turnover for the company is 6.60 with a Total Asset Turnover recorded at a value of 0.22.Amicus Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.10 and a Current Ratio set at 5.20.
Earnings per share (EPS) analysis for Amicus Therapeutics Inc. [FOLD] stock
With the latest financial reports released by the company, Amicus Therapeutics Inc. posted -0.35/share EPS, while the average EPS was predicted by analysts to be reported at -0.27/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -29.60%. 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 FOLD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Amicus Therapeutics Inc. go to -1.00%.
Amicus Therapeutics Inc. [FOLD]: Insider Ownership positions
There are presently around $5,096 million, in the hands of institutional investors. The top three institutional holders of FOLD stocks are: PERCEPTIVE ADVISORS LLC with ownership of 25,122,048, which is approximately -0.24% of the company’s market cap and around 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 23,187,567 shares of the stock with an approximate value of $434.3 million in FOLD stocks shares; and REDMILE GROUP, LLC, currently with $432.21 million in FOLD stock with ownership of nearly -7.492% of the company’s market capitalization.
Positions in Amicus Therapeutics Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 130 institutional holders increased their position in Amicus Therapeutics Inc. [NASDAQ:FOLD] by around 17,681,474 shares. Additionally, 118 investors decreased positions by around 18,110,919 shares, while 31 investors held positions by with 236,260,850 shares. The mentioned changes placed institutional holdings at 272,053,243 shares, according to the latest SEC report filing. FOLD stock had 42 new institutional investments in for a total of 3,979,424 shares, while 22 institutional investors sold positions of 2,187,113 shares during the same period.