The trading price of Athersys Inc. (NASDAQ:ATHX) closed lower on Tuesday, June 21, closing at $0.26, -6.27% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.26 and $0.3025. In examining the 52-week price action we see that the stock hit a 52-week high of $1.81 and a 52-week low of $0.18. Over the past month, the stock has lost -65.44% in value.
Athersys Inc., whose market valuation is $77.30 million at the time of this writing, is expected to release its quarterly earnings report Mar 23, 2022 – Mar 28, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.09 per share this quarter, however they have predicted annual earnings per share of -$0.06 for 2022 and $0.22 for 2023. It means analysts are expecting annual earnings per share growth of 84.60% this year and 466.70% next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $97.8 million. The company’s revenue is forecast to grow by 1,673.70% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Athersys Inc. 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ATHX has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that ATHX’s price is currently -6.40% off the SMA20 and -43.27% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.10, and weekly volatility stands at 23.31%. When measured over the past 30 days, the indicator reaches 20.95%. Athersys Inc. (NASDAQ:ATHX)’s beta value is currently sitting at -1.51, while the Average True Range indicator is currently displaying 0.07.
To see how Athersys Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: ATHX stock’s performance was -6.27% in the latest trading, and -82.34% in the past year, while Vericel Corporation (VCEL) has traded 0.86% on the day and positioned -61.70% lower than it was a year ago. Another comparable company United States Lime & Minerals Inc. (USLM) saw its stock close 0.17% higher in the most recent trading session but was down -20.46% in a year. Furthermore, Johnson & Johnson (JNJ) showed an increase of 2.09% on the day while its price kept inclining at 5.60% over the past year. Also in last trading session, the S&P 500 Index has surged 2.45%, while the Dow Jones Industrial also saw a positive session, up 2.15% on the day.
An evaluation of the daily trading volume of Athersys Inc. (NASDAQ:ATHX) indicates that the 3-month average is 6.16 million.
Currently, records show that 244.20 million of the company’s shares remain outstanding. The insiders hold 0.60% of outstanding shares, whereas institutions hold 22.10%. However, since the stock’s price has seen -71.04% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.