Athersys Inc. [ATHX] Stock trading around $0.47 per share: What’s Next?

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Athersys Inc. [NASDAQ: ATHX] stock went on a downward path that fall over -4.51% on Thursday, amounting to a one-week price decrease of less than -16.88%. The company report on April 4, 2022 that Athersys Reports That Its Partner, HEALIOS K.K., Provides Updates on MultiStem® Clinical Programs in Japan.

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Last 365-day patient follow-up visit was completed on schedule for the Phase 2/3 TREASURE study for ischemic stroke.

Over the last 12 months, ATHX stock dropped by -72.28%. The one-year Athersys Inc. stock forecast points to a potential upside of 88.94. The average equity rating for ATHX stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $111.95 million, with 237.02 million shares outstanding and 224.53 million shares in the current float. Compared to the average trading volume of 2.46M shares, ATHX stock reached a trading volume of 2684005 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Athersys Inc. [ATHX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATHX shares is $4.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATHX stock is a recommendation set at 2.20. 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.

BofA Securities have made an estimate for Athersys Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 19, 2021. While these analysts kept the previous recommendation, BofA/Merrill raised their target price to Buy. The new note on the price target was released on June 25, 2020, representing the official price target for Athersys Inc. stock. Previously, the target price had yet another raise to $11, while Dawson James analysts kept a Buy rating on ATHX stock. On February 13, 2018, analysts decreased their price target for ATHX shares from 12 to 6.

The Average True Range (ATR) for Athersys Inc. is set at 0.08, with the Price to Sales ratio for ATHX stock in the period of the last 12 months amounting to 20.36. The Price to Book ratio for the last quarter was 6.65, with the Price to Cash per share for the same quarter was set at 0.16.

ATHX Stock Performance Analysis:

Athersys Inc. [ATHX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.88. With this latest performance, ATHX shares dropped by -26.21% in over the last four-week period, additionally sinking by -59.50% over the last 6 months – not to mention a drop of -72.28% 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 38.10, with the RSI for the last a single of trading hit 35.95, and the three-weeks RSI is set at 39.03 for Athersys Inc. [ATHX]. The present Moving Average for the last 50 days of trading for this stock 0.6925, while it was recorded at 0.5102 for the last single week of trading, and 1.0994 for the last 200 days.

Insight into Athersys Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Athersys Inc. [ATHX] shares currently have an operating margin of -1569.79 and a Gross Margin at +78.93. Athersys Inc.’s Net Margin is presently recorded at -1576.99.

Return on Equity for this stock declined to -364.35, with Return on Assets sitting at -145.05.

Athersys Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Athersys Inc. [ATHX] Insider Position Details

There are presently around $27 million, or 23.70% of ATHX stock, in the hands of institutional investors. The top three institutional holders of ATHX stocks are: BLACKROCK INC. with ownership of 13,932,717, which is approximately -3.916% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 10,076,444 shares of the stock with an approximate value of $4.92 million in ATHX stocks shares; and VAHANIAN & ASSOCIATES FINANCIAL PLANNING INC., currently with $1.89 million in ATHX stock with ownership of nearly -24.422% of the company’s market capitalization.

Positions in Athersys Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 46 institutional holders increased their position in Athersys Inc. [NASDAQ:ATHX] by around 4,550,771 shares. Additionally, 72 investors decreased positions by around 5,653,988 shares, while 43 investors held positions by with 45,166,097 shares. The mentioned changes placed institutional holdings at 55,370,856 shares, according to the latest SEC report filing. ATHX stock had 16 new institutional investments in for a total of 2,868,260 shares, while 32 institutional investors sold positions of 1,629,083 shares during the same period.