NASDAQ:AKRX - Akorn Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$3.44 +0.06 (+1.78 %)
(As of 03/18/2019 01:38 PM ET)
Previous Close$3.38
Today's Range$3.33 - $3.44
52-Week Range$3.14 - $19.81
Volume61,866 shs
Average Volume2.70 million shs
Market Capitalization$431.99 million
P/E Ratio-9.53
Dividend YieldN/A
Beta2.77
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. The Prescription Pharmaceuticals segment offers generic and branded prescription pharmaceuticals in various dosage forms, including sterile ophthalmics, injectables, and inhalants; and non-sterile oral liquids, topicals, nasal sprays, and otics. Its primary products include Akten, a topical ocular anesthetic gel; AzaSite, an antibiotic used to treat bacterial conjunctivitis; Cosopt, Cosopt PF, Betimol, and Zioptan, which are used in the treatment of glaucoma; and Xopenex inhalation solution used in the treatment or prevention of bronchospasm. The Consumer Health segment manufactures and markets OTC products for the treatment of dry eye under the TheraTears brand. It also markets other OTC consumer health products, including Mag-Ox, a magnesium supplement; and the Diabetic Tussin line of cough and cold products. In addition, this segment offers a portfolio of animal health products, such as Anased and VetaKet veterinary sedatives; Tolazine and Yobine sedative reversing agents; and Butorphic, a pain reliever. The company was founded in 1971 and is headquartered in Lake Forest, Illinois.

Receive AKRX News and Ratings via Email

Sign-up to receive the latest news and ratings for AKRX and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry N/A
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$0.3150 per share
Book Value$3.54 per share

Profitability

Net Income$-401,910,000.00

Miscellaneous

Employees2,308
Market Cap$431.99 million
Next Earnings DateN/A
OptionableOptionable

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) posted its quarterly earnings data on Thursday, February, 28th. The company reported ($0.29) EPS for the quarter, missing the Zacks' consensus estimate of ($0.01) by $0.28. The company had revenue of $153.39 million for the quarter, compared to the consensus estimate of $164.75 million. Akorn had a negative net margin of 57.91% and a negative return on equity of 13.34%. The company's revenue was down 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. View Akorn's Earnings History.

What price target have analysts set for AKRX?

5 analysts have issued twelve-month price objectives for Akorn's shares. Their forecasts range from $4.00 to $11.00. On average, they expect Akorn's stock price to reach $7.25 in the next twelve months. This suggests a possible upside of 110.8% from the stock's current price. View Analyst Price Targets for Akorn.

What is the consensus analysts' recommendation for Akorn?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akorn in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akorn.

Has Akorn been receiving favorable news coverage?

Press coverage about AKRX stock has been trending somewhat positive recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Akorn earned a media sentiment score of 1.1 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days.

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), Gilead Sciences (GILD), Alibaba Group (BABA), Skyworks Solutions (SWKS), Skechers USA (SKX), AbbVie (ABBV), Baidu (BIDU), Netflix (NFLX), Intel (INTC) and Integrated Device Technology (IDTI).

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, 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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.52%), Dimensional Fund Advisors LP (2.11%), Dimensional Fund Advisors LP (2.11%), Millennium Management LLC (1.65%), Two Sigma Investments LP (1.40%) and Bank of New York Mellon Corp (1.22%). Company insiders that own Akorn stock include Brian Tambi, Bruce Kutinsky, John N Kapoor and Joseph Bonaccorsi. View Institutional Ownership Trends for Akorn.

Which major investors are selling Akorn stock?

AKRX stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, American International Group Inc., Northern Trust Corp, FMR LLC, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC., MetLife Investment Advisors LLC and Bank of America Corp DE. View Insider Buying and Selling for Akorn.

Which major investors are buying Akorn stock?

AKRX stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Norges Bank, Millennium Management LLC, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Assenagon Asset Management S.A., Two Sigma Investments LP and Diag Capital Management LP. 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, Scottrade, Fidelity and Charles Schwab.

What is Akorn's stock price today?

One share of AKRX stock can currently be purchased for approximately $3.44.

How big of a company is Akorn?

Akorn has a market capitalization of $431.99 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 2,308 workers across the globe.

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:  482 (Vote Outperform)
Underperform Votes:  399 (Vote Underperform)
Total Votes:  881
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 3/18/2019 by MarketBeat.com Staff

Featured Article: What is Put Option Volume?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel