Achaogen, Inc., a late-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of antibacterial treatments against multi-drug resistant (MDR) gram-negative infections in the United States. The company is principally developing plazomicin for the treatment of serious bacterial infections, including urinary tract infections, blood stream infections, and other infections due to MDR enterobacteriaceae comprising carbapenem-resistant enterobacteriaceae. It is also involved in the development of antibacterial candidate C-Scape, an orally-administered combination of clavulanate and ceftibuten, which targets serious bacterial infections due to expanded spectrum beta-lactamases producing enterobacteriaceae; and therapeutic antibody discovery program. The company has license and collaboration agreements with Thermo Fisher Scientific, Inc. to develop and commercialize an assay to support plazomicin; Crystal Biosciences, Inc. to discover monoclonal antibodies against multiple targets; Ionis Pharmaceuticals, Inc. for certain patents relating to aminoglycoside antibacterial compounds and related know-how to develop and commercialize certain novel aminoglycoside antibacterial compounds; and Hovione Limited to manufacture the active pharmaceutical ingredient for plazomicin. The company was incorporated in 2002 and is based in South San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:AKAO
CUSIPN/A
Phone650-800-3636
Debt
Debt-to-Equity Ratio0.42
Current Ratio3.79
Quick Ratio3.79
Price-To-Earnings
Trailing P/E Ratio-1.78
Forward P/E Ratio-1.48
P/E GrowthN/A
Sales & Book Value
Annual Sales$11.18 million
Price / Sales21.92
Cash FlowN/A
Price / CashN/A
Book Value$2.88 per share
Price / Book1.88
Profitability
EPS (Most Recent Fiscal Year)($3.17)
Net Income$-125,610,000.00
Net Margins-2,286.21%
Return on Equity-146.50%
Return on Assets-85.07%
Miscellaneous
Employees230
Outstanding Shares45,210,000
Market Cap$280.75 million
Achaogen (NASDAQ:AKAO) Frequently Asked Questions
What is Achaogen's stock symbol?
Achaogen trades on the NASDAQ under the ticker symbol "AKAO."
How were Achaogen's earnings last quarter?
Achaogen Inc (NASDAQ:AKAO) issued its earnings results on Monday, August, 6th. The biopharmaceutical company reported ($1.11) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.92) by $0.19. The biopharmaceutical company had revenue of $2.56 million for the quarter, compared to analysts' expectations of $1.49 million. Achaogen had a negative return on equity of 146.50% and a negative net margin of 2,286.21%. View Achaogen's Earnings History.
When is Achaogen's next earnings date?
What price target have analysts set for AKAO?
10 equities research analysts have issued 12-month target prices for Achaogen's stock. Their predictions range from $16.00 to $29.00. On average, they expect Achaogen's share price to reach $21.75 in the next year. This suggests a possible upside of 301.3% from the stock's current price. View Analyst Price Targets for Achaogen.
What is the consensus analysts' recommendation for Achaogen?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Achaogen in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Achaogen.
What are Wall Street analysts saying about Achaogen stock?
Here are some recent quotes from research analysts about Achaogen stock:
- 1. According to Zacks Investment Research, "Achaogen, Inc. is a clinical-stage biopharmaceutical company. It is focused on the discovery, development, and commercialization of novel antibacterials to treat multi-drug resistant, or MDR, gram-negative infections. The Company is developing plazomicin, its lead product candidate, for the treatment of serious bacterial infections due to MDR enterobacteriaceae, including carbapenem-resistant enterobacteriaceae. Achaogen, Inc. is headquartered in South San Francisco, California. " (8/9/2018)
- 2. Mizuho analysts commented, "We are reducing our PT from $28 to $20 based on a worst-case scenario analysis assuming no revenues from BSI or any other potential usages and an additional capital raise of $200 million in 2019 (an amount we see as adequate to carry the company to break-even point). We would be buyers on weakness as we believe Achaogen has an approvable drug in cUTI and there could be upside potential from Plazomicin in Carbapenem- resistant enterobacteriaceae (CRE) cases over time." (5/3/2018)
- 3. Needham & Company LLC analysts commented, "Plazomicin will be discussed at an FDA Advisory Committee (AdCom) mtg 5/2/18. Achaogen completed two Phase 3 trials, a standard cUTI trial (EPIC) and the other a descriptive trial in patients with HABP/VABP or bloodstream infections caused by Carbapenem Resistant Enterobacteriaceae (CRE; CARE). Both trials had positive outcomes, w/ the latter surprisingly demonstrating superiority to comparator colistin. Achaogen is seeking a label in both cUTI and Bloodstream infections, although Bloodstream is controversial given the descriptive nature of the CARE trial. The Avycaz and Cresemba AdCom mtgs are most relevant to analysis of the plazomicin mtg and we have a modest bias towards a vote in favor of including both indications on plazomicin label. Our note details recent antibiotic FDA reviews and individual voting histories. BUY." (4/30/2018)
- 4. HC Wainwright analysts commented, "We find no big surprises in the FDA analyses. This morning, FDA released its Briefing Document for the May 2, 2018 meeting of the Antimicrobial Drugs Advisory Committee (AMDAC) to review the NDA for Achaogen’s plazomicin for the proposed indications for the treatment of complicated urinary tract infection (cUTI), including acute pyelonephritis (AP); and bloodstream infections (BSI), in adults." (4/30/2018)
Are investors shorting Achaogen?
Achaogen saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 12,672,569 shares, a decrease of 12.9% from the July 13th total of 14,557,503 shares. Based on an average daily trading volume, of 1,110,779 shares, the short-interest ratio is presently 11.4 days. Currently, 51.5% of the shares of the stock are sold short. View Achaogen's Current Options Chain.
Who are some of Achaogen's key competitors?
Some companies that are related to Achaogen include Endocyte (ECYT), Zai Lab (ZLAB), Karyopharm Therapeutics (KPTI), CytomX Therapeutics (CTMX), Rhythm Pharmaceuticals (RYTM), Retrophin (RTRX), Apellis Pharmaceuticals (APLS), Radius Health (RDUS), Assembly Biosciences (ASMB), TG Therapeutics Inc common stock (TGTX), Revance Therapeutics (RVNC), Tricida (TCDA), MacroGenics (MGNX), AMAG Pharmaceuticals (AMAG) and Flexion Therapeutics (FLXN).
Who are Achaogen's key executives?
Achaogen's management team includes the folowing people:
- Mr. Blake Wise, CEO & Director (Age 47)
- Dr. Kenneth J. Hillan, Pres, Director and Pres of R&D (Age 57)
- Mr. Tobin C. Schilke, Chief Financial Officer (Age 43)
- Dr. Lee Swem, Chief Scientific Officer (Age 42)
- Mr. Gary Loeb, Gen. Counsel, Corp. Sec. & Chief Compliance Officer (Age 48)
Has Achaogen been receiving favorable news coverage?
News articles about AKAO stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Achaogen earned a media and rumor sentiment score of 0.20 on Accern's scale. They also gave media stories about the biopharmaceutical company an impact score of 46.22 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Achaogen.
Who are Achaogen's major shareholders?
Achaogen's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.21%), FMR LLC (3.70%), Prosight Management LP (0.83%), Gabelli Funds LLC (0.46%), Bank of America Corp DE (0.44%) and Fiera Capital Corp (0.34%). Company insiders that own Achaogen stock include Blake Wise, Equity Opportunities Iv Growth, Gary Loeb, Ian Friedland, Janet Dorling, Kenneth J Hillan, Robert W Duggan, Tobin Schilke and Zeryn Sarpangal. View Institutional Ownership Trends for Achaogen.
Which institutional investors are selling Achaogen stock?
AKAO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Prosight Management LP, BlackRock Inc., First Midwest Bank Trust Division, Creative Planning and Fiera Capital Corp. Company insiders that have sold Achaogen company stock in the last year include Blake Wise, Gary Loeb, Janet Dorling, Kenneth J Hillan and Tobin Schilke. View Insider Buying and Selling for Achaogen.
Which institutional investors are buying Achaogen stock?
AKAO stock was purchased by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Granahan Investment Management Inc. MA, Teton Advisors Inc., Wedbush Securities Inc., Sei Investments Co., Gabelli Funds LLC and Gamco Investors INC. ET AL. Company insiders that have bought Achaogen stock in the last two years include Equity Opportunities Iv Growth and Robert W Duggan. View Insider Buying and Selling for Achaogen.
How do I buy shares of Achaogen?
Shares of AKAO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Achaogen's stock price today?
One share of AKAO stock can currently be purchased for approximately $5.42.
How big of a company is Achaogen?
Achaogen has a market capitalization of $280.75 million and generates $11.18 million in revenue each year. The biopharmaceutical company earns $-125,610,000.00 in net income (profit) each year or ($3.17) on an earnings per share basis. Achaogen employs 230 workers across the globe.
How can I contact Achaogen?
Achaogen's mailing address is 1 TOWER PLACE SUITE 300, SOUTH SAN FRANCISCO CA, 94080. The biopharmaceutical company can be reached via phone at 650-800-3636 or via email at [email protected]
MarketBeat Community Rating for Achaogen (NASDAQ AKAO)
MarketBeat's community ratings are surveys of what our community members think about Achaogen and other stocks. Vote "Outperform" if you believe AKAO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AKAO will underperform the S&P 500 over the long term. You may vote once every thirty days.
