Truist slashes price target on Athenex Inc. [ATNX] – find out why.
Athenex Company [NASDAQ: ATNX] The trading session closed at $0.26 on 09/22/22. Today’s price range saw the stock reach a low of $0.26, while the highest price was $0.315. Company report on September 6, 2022 Athenex to participate in the 24th Annual HC Wainwright World Investment Conference.
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Athenex Corporation (NASDAQ:ATNX), a global biopharmaceutical company dedicated to the discovery, development, and commercialization of new therapies for the treatment of cancer and related conditions, today announced that management will present at the 24th Annual HC Wainwright Global Investment Conference, taking place September 12-14, 2022 in New York, New York, and approx. The company management will also be available for one-on-one meetings with investors during the event. Please see additional details about the offer below.
Default presentation date: Monday, September 12, 2022 at 7:00 AM EST Presenter: Dr. Johnson Lau, CEO Webcast: Link here.
The stock has an annual performance so far of -80.88 percent and a weekly performance of -41.74 percent. The stock has moved at -73.45 percent over the past six months. The stock has performed -44.10 percent in the last 30 days and changed by -51.85 percent over the last three months.
If compared to the average trading volume of 2.15 million shares, ATNX’s volume reached 2722159 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what leading stock market gurus are saying about Athenex Inc. [ATNX]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on ATNX’s stock price target is $2.33 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for ATNX stock is a set recommendation at 2.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Trust has made an estimate for the stock of Athenex Inc. , retaining their opinion of the stock as Hold, with their previous recommendation back on March 02, 2021. While these analysts held the previous recommendation, SVB Leerink raised the target price from $22 to $5. The new note about price target was released on March 02, 2021, which is the official target price for Athenex Inc.’s stock.
The Average True Range (ATR) is set by Athenex Inc. at 0.03, with the price-to-sales ratio for ATNX stock in the past 12-month period at 0.29. The price-to-book ratio for the last quarter was 2.36, with the price-to-cash-to-cash ratio for the same quarter set at 0.18.
ATNX stock trading performance evaluation
Athenex Company [ATNX] It fell into the red at the end of last week, fell in a negative direction and fell by -41.74. With this latest performance, ATNX shares are down -44.10% over the past four-week period, as well as -73.45% over the past six months — not to mention a -92.15% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for ATNX stock for the past two weeks was set at 26.06, with the RSI for the last one trading at 16.18, and the three-week RSI set at 32.55 for Athenex Inc. [ATNX]. The current moving average for the last 50 trading days for this stock is 0.5434 while it recorded at 0.3396 for the last trading week, and 0.7694 for the last 200 days.
Athenex Company [ATNX]: Insight into the basic fundamentals
Operating margin for any stock indicates how profitable the investment is, explains Athenex Inc. [ATNX] The equity’s current operating margin is -89.23 and the total margin is +31.43. Net margin reported to Athenex Inc. Currently at -159.79.
The return on equity for this stock fell to -166.33, with the return on assets remaining at -57.78.
The liquidity data of Athenex Inc. Interesting too, with the quick ratio at 0.90 and the current ratio at 1.30.
Athenex Company [ATNX]: Insiders ownership positions
There is currently about $9 million, or 37.90% of ATNX’s stock, in the hands of institutional investors. The three largest corporate owners of ATNX shares are: PERCEPTIVE ADVISORS LLC with ownership of 13,532,467, which is approximately 0% of the company’s market capitalization and approximately 5.70% of the total corporate ownership; VANGUARD GROUP INC, which owns 4,620,805 shares with an approximate value of $1.2 million in ATNX stock; and MILLENNIUM MANAGEMENT LLC, with $1.19 million in ATNX stock with ownership of approximately 104.113% of the company’s market capitalization.
Positions increased in the shares of Athenex Inc. held by institutional investors at the end of July and at the time of the July report, as 35 institutional owners consolidated their positions in Athenex Inc. [NASDAQ:ATNX] About 6,501,793 shares. In addition, the number of 50 investors decreased by 11,838,298 shares, while 22 investors held positions with 17,388,398 shares. The said changes put institutional holdings at 3,572,489 shares, according to the latest report from the Securities and Exchange Commission. ATNX’s stock included 16 new institutional investments totaling 968,310 shares, while 28 institutional investors sold deals totaling 4,293,334 shares during the same period.