ACADIA Pharmaceuticals - ACAD Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ACADIA Pharmaceuticals in the last year. There are currently 2 sell ratings, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ACAD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ACAD, but not buy additional shares or sell existing shares.
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17 brokerages have issued 1-year price targets for ACADIA Pharmaceuticals' shares. Their ACAD share price forecasts range from $12.00 to $33.00. On average, they anticipate the company's stock price to reach $21.44 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
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ACADIA Pharmaceuticals' stock was trading at $15.92 on January 1st, 2023. Since then, ACAD shares have increased by 15.8% and is now trading at $18.43.
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ACADIA Pharmaceuticals saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 8,500,000 shares, an increase of 5.7% from the February 28th total of 8,040,000 shares. Based on an average daily volume of 1,530,000 shares, the days-to-cover ratio is presently 5.6 days. Approximately 5.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) announced its quarterly earnings results on Monday, February, 27th. The biopharmaceutical company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by $0.01. The biopharmaceutical company earned $136.49 million during the quarter, compared to analyst estimates of $135.18 million. ACADIA Pharmaceuticals had a negative net margin of 41.76% and a negative trailing twelve-month return on equity of 50.65%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted ($0.27) EPS.

ETFs with the largest weight of ACADIA Pharmaceuticals (NASDAQ:ACAD) stock in their portfolio include iShares Neuroscience and Healthcare ETF (IBRN), Psyk Etf (PSYK), First Trust NYSE Arca Biotechnology Index Fund (FBT), Invesco Dynamic Biotechnology & Genome ETF (PBE), ALPS Medical Breakthroughs ETF (SBIO), Virtus LifeSci Biotech Products ETF (BBP), SPDR S&P Biotech ETF (XBI) and Principal Healthcare Innovators ETF (BTEC).

ACADIA Pharmaceuticals updated its FY 2023 earnings guidance on Monday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $520.00 million-$550.00 million, compared to the consensus revenue estimate of $569.16 million.

8 employees have rated ACADIA Pharmaceuticals Chief Executive Officer Steve Davis on Glassdoor.com. Steve Davis has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ACADIA Pharmaceuticals investors own include Micron Technology (MU), NVIDIA (NVDA), Gilead Sciences (GILD), Sarepta Therapeutics (SRPT), Pfizer (PFE), Tesla (TSLA), Alibaba Group (BABA), Amarin (AMRN), Advanced Micro Devices (AMD) and Exelixis (EXEL).

ACADIA Pharmaceuticals trades on the NASDAQ under the ticker symbol "ACAD."

ACADIA Pharmaceuticals' stock is owned by many different institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (2.64%), First Trust Advisors LP (1.78%), Morgan Stanley (1.70%), Geode Capital Management LLC (1.42%), JPMorgan Chase & Co. (1.29%) and Norges Bank (1.21%). Insiders that own company stock include Austin D Kim, Austin D Kim, Brendan Teehan, Elena Ridloff, James Kihara, James M Daly, Laura Brege, Mark C Schneyer, Michael J Yang, Srdjan R Stankovic, Srdjan R Stankovic and Stephen Davis.
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Shares of ACAD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACAD stock can currently be purchased for approximately $18.43.

ACADIA Pharmaceuticals (NASDAQ:ACAD) has a market capitalization of $2.99 billion and generates $517.23 million in revenue each year. The biopharmaceutical company earns $-215,980,000.00 in net income (profit) each year or ($1.34) on an earnings per share basis.

The company employs 514 workers across the globe.

ACADIA Pharmaceuticals' mailing address is 3611 VALLEY CENTRE DRIVE SUITE 300, SAN DIEGO CA, 92130. The official website for the company is www.acadia-pharm.com. The biopharmaceutical company can be reached via phone at (858) 558-2871, via email at ir@acadia-pharm.com, or via fax at 858-558-2872.