Athersys Inc. (NASDAQ:ATHX) price closed lower on Monday, September 13, dropping -2.58% below its previous close.
A look at the daily price movement shows that the last close reads $1.55, with intraday deals fluctuated between $1.50 and $1.5693. The company’s 5Y monthly beta was ticking -1.72. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.03 and 52-week low of $1.35. The stock subtracted -10.12% on its value in the past month.
Athersys Inc., which has a market valuation of $348.28 million, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021. Analysts tracking ATHX have forecast the quarterly EPS to shrink by -0.09 per share this quarter, while the same analysts predict the annual EPS to hit -$0.39 for the year 2021 and up to -$0.05 for 2022. In this case, analysts estimate an annual EPS growth of 7.10% for the year and 87.20% for the next year.
Staying with the analyst view, there is a consensus estimate of $2.47 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 71.50% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ATHX a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned ATHX a recommendation rating as follows: 0 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Athersys Inc. (ATHX) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ATHX’s price is at present -5.80% off the SMA20 and -2.35% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.09, with weekly volatility standing at 5.35%. The indicator jumps to 5.22% when calculated based on the past 30 days. Athersys Inc. (NASDAQ:ATHX)’s beta value is holding at -1.69, while the average true range (ATR) indicator is currently reading 0.09. Considering analysts have assigned the stock a price target range of $4.00-$7.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $5.75. Based on this estimate, we see that current price is roughly -164.9% off the estimated low and -363.58% off the forecast high. Investors will no doubt be excited to see the share price fall to $6.00, which is the median consensus price, and at that level ATHX would be -297.35% from current price.
Turning out attention to how the Athersys Inc. stock has performed in comparison to its peers in the industry, here’s what we find: ATHX’s stock is -2.58% on the day and -24.88% in the past 12 months, while Vericel Corporation (VCEL) traded 2.50% in the last session and was positioned 208.39% up on its price 12 months ago. Another comparison is with United States Lime & Minerals Inc. (USLM) whose stock price was down -0.02% in the last trading session, and has flourished 49.88% over the past year. Also, Johnson & Johnson (JNJ) showed down trend of -0.70% while its price kept floating at 12.19% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the Athersys Inc. (NASDAQ:ATHX) stock in terms of its daily trading volume indicates that the 3-month average is 1.83 million.
Current records show that the company has 222.44M in outstanding shares. The insiders’ percentage holdings are 1.10% of outstanding shares while the percentage share held by institutions stands at 23.00%. But the -13.71% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.