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Akorn Stock Price, Forecast & Analysis (NASDAQ:AKRX)

$4.09
-0.01 (-0.24 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$4.04
Now: $4.09
$4.20
50-Day Range
$3.63
MA: $4.34
$5.22
52-Week Range
$2.34
Now: $4.09
$7.25
Volume694,800 shs
Average Volume1.37 million shs
Market Capitalization$515.95 million
P/E RatioN/A
Dividend YieldN/A
Beta1.96
Akorn, Inc, a specialty generic pharmaceutical company, develops, manufactures, and markets generic and branded prescription pharmaceuticals, over-the-counter (OTC) consumer health products, and animal health pharmaceuticals in the United States and internationally. The company operates in two segments, Prescription Pharmaceuticals and Consumer Health. Read More…

Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
Current SymbolNASDAQ:AKRX
CUSIP00972810
CIK3116
Phone847-279-6100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$694.02 million
Cash Flow$0.33 per share
Book Value$2.48 per share

Profitability

Net Income$-401,910,000.00

Miscellaneous

Employees2,191
Market Cap$515.95 million
Next Earnings DateN/A
OptionableOptionable

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Akorn (NASDAQ:AKRX) Frequently Asked Questions

What is Akorn's stock symbol?

Akorn trades on the NASDAQ under the ticker symbol "AKRX."

How were Akorn's earnings last quarter?

Akorn, Inc. (NASDAQ:AKRX) announced its earnings results on Thursday, October, 31st. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.06. The business had revenue of $176.24 million for the quarter, compared to analysts' expectations of $176.15 million. Akorn had a negative net margin of 53.62% and a negative return on equity of 19.95%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS. View Akorn's Earnings History.

What price target have analysts set for AKRX?

4 brokers have issued twelve-month target prices for Akorn's stock. Their forecasts range from $4.00 to $11.00. On average, they anticipate Akorn's stock price to reach $7.00 in the next year. This suggests a possible upside of 71.1% from the stock's current price. View Analyst Price Targets for Akorn.

What is the consensus analysts' recommendation for Akorn?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akorn in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akorn.

Has Akorn been receiving favorable news coverage?

News coverage about AKRX stock has trended very negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Akorn earned a news sentiment score of -3.4 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Akorn.

Are investors shorting Akorn?

Akorn saw a decline in short interest during the month of October. As of October 31st, there was short interest totalling 7,650,000 shares, a decline of 17.6% from the September 30th total of 9,280,000 shares. Based on an average trading volume of 1,860,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 8.1% of the shares of the company are short sold. View Akorn's Current Options Chain.

Who are some of Akorn's key competitors?

What other stocks do shareholders of Akorn own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Akorn investors own include Celgene (CELG), Integrated Device Technology (IDTI), Skechers USA (SKX), Rite Aid (RAD), Lannett (LCI), Bank of America (BAC), Quantenna Communications (QTNA), Ulta Beauty (ULTA), Paycom Software (PAYC) and Square (SQ).

Who are Akorn's key executives?

Akorn's management team includes the folowing people:
  • Mr. Duane A. Portwood, Exec. VP & CFO (Age 53)
  • Mr. Joseph Bonaccorsi, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Mr. Jonathan Kafer, Exec. VP & Chief Commercial Officer (Age 56)
  • Dr. Bruce Kutinsky, Consultant (Age 53)
  • Mr. Douglas S. Boothe, Pres, CEO & Direcor (Age 55)

Who are Akorn's major shareholders?

Akorn's stock is owned by a number of of institutional and retail investors. Top institutional investors include Mackay Shields LLC (0.57%), Gabelli Funds LLC (0.35%), Gamco Investors INC. ET AL (0.29%), Rhumbline Advisers (0.23%), Assenagon Asset Management S.A. (0.18%) and California Public Employees Retirement System (0.11%). Company insiders that own Akorn stock include Alan D Weinstein, Brian Tambi, John N Kapoor, Joseph Bonaccorsi, Steven J Meyer and Terry Allison Rappuhn. View Institutional Ownership Trends for Akorn.

Which institutional investors are selling Akorn stock?

AKRX stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., SG Americas Securities LLC, Chicago Equity Partners LLC and Gabelli Funds LLC. View Insider Buying and Selling for Akorn.

Which institutional investors are buying Akorn stock?

AKRX stock was acquired by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Tibra Equities Europe Ltd, State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Gamco Investors INC. ET AL, California Public Employees Retirement System, Rhumbline Advisers and Moors & Cabot Inc.. Company insiders that have bought Akorn stock in the last two years include Alan D Weinstein, Joseph Bonaccorsi, Steven J Meyer and Terry Allison Rappuhn. View Insider Buying and Selling for Akorn.

How do I buy shares of Akorn?

Shares of AKRX 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, Robinhood, Fidelity and Charles Schwab.

What is Akorn's stock price today?

One share of AKRX stock can currently be purchased for approximately $4.09.

How big of a company is Akorn?

Akorn has a market capitalization of $515.95 million and generates $694.02 million in revenue each year. The company earns $-401,910,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis. Akorn employs 2,191 workers across the globe.View Additional Information About Akorn.

What is Akorn's official website?

The official website for Akorn is http://www.akorn.com/.

How can I contact Akorn?

Akorn's mailing address is 1925 WEST FIELD COURT SUITE 300, LAKE FOREST IL, 60045. The company can be reached via phone at 847-279-6100 or via email at [email protected]


MarketBeat Community Rating for Akorn (NASDAQ AKRX)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  525 (Vote Outperform)
Underperform Votes:  448 (Vote Underperform)
Total Votes:  973
MarketBeat's community ratings are surveys of what our community members think about Akorn and other stocks. Vote "Outperform" if you believe AKRX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AKRX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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