Antares Pharma Inc. [ATRS] Is Currently 0.45 below its 200 Period Moving Avg: What Does This Mean?

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Antares Pharma Inc. [NASDAQ: ATRS] price surged by 0.45 percent to reach at $0.02. The company report on April 13, 2022 that Halozyme to Acquire Antares Pharma to Create a Specialty Product and Drug Delivery Leader.

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A sum of 6496854 shares traded at recent session while its average daily volume was at 4.13M shares. Antares Pharma Inc. shares reached a high of $5.59 and dropped to a low of $5.56 until finishing in the latest session at $5.59.

The one-year ATRS stock forecast points to a potential upside of 6.05. The average equity rating for ATRS stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Antares Pharma Inc. [ATRS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATRS shares is $5.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATRS stock is a recommendation set at 1.70. 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.

Truist have made an estimate for Antares Pharma Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, H.C. Wainwright dropped their target price from $5 to $3.50. The new note on the price target was released on October 23, 2017, representing the official price target for Antares Pharma Inc. stock. Previously, the target price had yet another raise to $5, while H.C. Wainwright analysts kept a Buy rating on ATRS stock.

The Average True Range (ATR) for Antares Pharma Inc. is set at 0.11, with the Price to Sales ratio for ATRS stock in the period of the last 12 months amounting to 5.16. The Price to Book ratio for the last quarter was 5.43, with the Price to Cash per share for the same quarter was set at 0.39. Price to Free Cash Flow for ATRS in the course of the last twelve months was 31.67 with Quick ratio for the last quarter at 2.80.

ATRS Stock Performance Analysis:

Antares Pharma Inc. [ATRS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.54. With this latest performance, ATRS shares gained by 36.34% in over the last four-week period, additionally plugging by 49.47% over the last 6 months – not to mention a rise of 44.44% 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 ATRS stock in for the last two-week period is set at 79.91, with the RSI for the last a single of trading hit 82.53, and the three-weeks RSI is set at 77.39 for Antares Pharma Inc. [ATRS]. The present Moving Average for the last 50 days of trading for this stock 4.29, while it was recorded at 5.57 for the last single week of trading, and 3.82 for the last 200 days.

Insight into Antares Pharma Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Antares Pharma Inc. [ATRS] shares currently have an operating margin of +14.86 and a Gross Margin at +62.32. Antares Pharma Inc.’s Net Margin is presently recorded at +25.16.

Return on Equity for this stock inclined to 31.40, with Return on Assets sitting at 19.70.

Antares Pharma Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 3.00.

Antares Pharma Inc. [ATRS] Insider Position Details

There are presently around $487 million, or 52.80% of ATRS stock, in the hands of institutional investors. The top three institutional holders of ATRS stocks are: BLACKROCK INC. with ownership of 12,023,196, which is approximately 1.244% of the company’s market cap and around 2.30% of the total institutional ownership; RUBRIC CAPITAL MANAGEMENT LP, holding 10,800,000 shares of the stock with an approximate value of $60.37 million in ATRS stocks shares; and VANGUARD GROUP INC, currently with $47.23 million in ATRS stock with ownership of nearly -1.855% of the company’s market capitalization.

Positions in Antares Pharma Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 78 institutional holders increased their position in Antares Pharma Inc. [NASDAQ:ATRS] by around 11,717,758 shares. Additionally, 69 investors decreased positions by around 6,139,390 shares, while 38 investors held positions by with 69,283,288 shares. The mentioned changes placed institutional holdings at 87,140,436 shares, according to the latest SEC report filing. ATRS stock had 17 new institutional investments in for a total of 1,323,116 shares, while 16 institutional investors sold positions of 1,929,890 shares during the same period.