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

$4.10
+0.43 (+11.72 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$3.64
Now: $4.10
$4.25
50-Day Range
$2.46
MA: $3.04
$4.08
52-Week Range
$2.34
Now: $4.10
$13.37
Volume2.80 million shs
Average Volume2.22 million shs
Market Capitalization$515.99 million
P/E RatioN/A
Dividend YieldN/A
Beta1.91
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$0.3734 per share
Book Value$3.54 per share

Profitability

Net Income$-401,910,000.00

Miscellaneous

Employees2,191
Market Cap$515.99 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) issued its quarterly earnings results on Thursday, August, 1st. The company reported ($0.02) EPS for the quarter, topping the Zacks' consensus estimate of ($0.11) by $0.09. The business had revenue of $178 million for the quarter, compared to analyst estimates of $171.97 million. Akorn had a negative return on equity of 17.88% and a negative net margin of 72.25%. Akorn's revenue for the quarter was down 6.8% compared to the same quarter last year. View Akorn's Earnings History.

What guidance has Akorn issued on next quarter's earnings?

Akorn issued an update on its FY 2019 earnings guidance on Thursday, August, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $690-710 million, compared to the consensus revenue estimate of $692.99 million.

What price target have analysts set for AKRX?

5 equities research analysts have issued 1-year price targets for Akorn's stock. Their forecasts range from $4.00 to $11.00. On average, they expect Akorn's stock price to reach $6.80 in the next twelve months. This suggests a possible upside of 65.9% 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 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Akorn.

Has Akorn been receiving favorable news coverage?

Media coverage about AKRX stock has been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Akorn earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Akorn.

Are investors shorting Akorn?

Akorn saw a increase in short interest in August. As of August 31st, there was short interest totalling 13,420,500 shares, an increase of 7.2% from the July 31st total of 12,520,600 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 7.5 days. Currently, 14.3% of the shares of the stock 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (12.17%), Vanguard Group Inc. (7.98%), Renaissance Technologies LLC (6.79%), Canyon Capital Advisors LLC (1.98%), AQR Capital Management LLC (1.72%) and Nuveen Asset Management LLC (1.69%). 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 major investors are selling Akorn stock?

AKRX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Vanguard Group Inc., BNP Paribas Arbitrage SA, Morgan Stanley, Marshall Wace LLP, GSA Capital Partners LLP, Invesco Ltd. and Public Employees Retirement System of Ohio. View Insider Buying and Selling for Akorn.

Which major investors are buying Akorn stock?

AKRX stock was acquired by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, Nuveen Asset Management LLC, Renaissance Technologies LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, Bogle Investment Management L P DE, Connor Clark & Lunn Investment Management Ltd. and A.R.T. Advisors LLC. 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 $4.10.

How big of a company is Akorn?

Akorn has a market capitalization of $515.99 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 2,191 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:  506 (Vote Outperform)
Underperform Votes:  434 (Vote Underperform)
Total Votes:  940
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 9/21/2019 by MarketBeat.com Staff

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