For Acorda Therapeutics Inc. [ACOR], Analyst sees a rise to $10. What next?

Acorda Therapeutics Inc. [NASDAQ: ACOR] jumped around 0.56 points on Monday, while shares priced at $0.90 at the close of the session, up 167.52%. The company report on October 16, 2022 that Acorda Therapeutics Announces $16.5M Award and Royalty/Supply Relief in AMPYRA® Arbitration Case.

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$16.5 million to recover past royalties and interest.

Acorda Therapeutics Inc. stock is now -62.47% down from its year-to-date (YTD) trading value. ACOR Stock saw the intraday high of $0.9369 and lowest of $0.4631 per share. The company’s 52-week high price is 4.90, which means current price is +243.55% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 324.65K shares, ACOR reached a trading volume of 124398037 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Acorda Therapeutics Inc. [ACOR]?

H.C. Wainwright have made an estimate for Acorda Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 17, 2021. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price from $31 to $6. The new note on the price target was released on August 14, 2019, representing the official price target for Acorda Therapeutics Inc. stock.

The Average True Range (ATR) for Acorda Therapeutics Inc. is set at 0.08, with the Price to Sales ratio for ACOR stock in the period of the last 12 months amounting to 0.19. The Price to Book ratio for the last quarter was 0.17.

How has ACOR stock performed recently?

Acorda Therapeutics Inc. [ACOR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 140.81. With this latest performance, ACOR shares gained by 163.82% in over the last four-week period, additionally sinking by -40.60% over the last 6 months – not to mention a drop of -80.96% 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 ACOR stock in for the last two-week period is set at 86.31, with the RSI for the last a single of trading hit 91.04, and the three-weeks RSI is set at 81.03 for Acorda Therapeutics Inc. [ACOR]. The present Moving Average for the last 50 days of trading for this stock 0.3951, while it was recorded at 0.4635 for the last single week of trading, and 1.0531 for the last 200 days.

Acorda Therapeutics Inc. [ACOR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Acorda Therapeutics Inc. [ACOR] shares currently have an operating margin of -55.24 and a Gross Margin at +44.56. Acorda Therapeutics Inc.’s Net Margin is presently recorded at -80.54.

Return on Equity for this stock declined to -53.43, with Return on Assets sitting at -16.54.

Acorda Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.90.

Earnings analysis for Acorda Therapeutics Inc. [ACOR]

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 ACOR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Acorda Therapeutics Inc. go to 46.00%.

Insider trade positions for Acorda Therapeutics Inc. [ACOR]

There are presently around $6 million, or 27.40% of ACOR stock, in the hands of institutional investors. The top three institutional holders of ACOR stocks are: DAVIDSON KEMPNER CAPITAL MANAGEMENT LP with ownership of 2,395,668, which is approximately New of the company’s market cap and around 0.10% of the total institutional ownership; CANYON CAPITAL ADVISORS LLC, holding 1,193,988 shares of the stock with an approximate value of $1.07 million in ACOR stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.81 million in ACOR stock with ownership of nearly 27.446% of the company’s market capitalization.

Positions in Acorda Therapeutics Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 20 institutional holders increased their position in Acorda Therapeutics Inc. [NASDAQ:ACOR] by around 4,153,851 shares. Additionally, 13 investors decreased positions by around 852,450 shares, while 10 investors held positions by with 1,665,314 shares. The mentioned changes placed institutional holdings at 6,671,615 shares, according to the latest SEC report filing. ACOR stock had 9 new institutional investments in for a total of 2,755,229 shares, while 7 institutional investors sold positions of 499,993 shares during the same period.


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