NASDAQ:ALKS

Alkermes (ALKS) Stock Price, News & Analysis

$24.44
-0.21 (-0.85%)
(As of 04/25/2024 ET)
Today's Range
$23.89
$24.60
50-Day Range
$23.76
$32.18
52-Week Range
$22.01
$33.71
Volume
1.31 million shs
Average Volume
1.90 million shs
Market Capitalization
$4.13 billion
P/E Ratio
11.81
Dividend Yield
N/A
Price Target
$35.38

Alkermes MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
44.7% Upside
$35.38 Price Target
Short Interest
Healthy
7.99% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.17
Upright™ Environmental Score
News Sentiment
0.45mentions of Alkermes in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$292,718 Sold Last Quarter
Proj. Earnings Growth
-10.27%
From $2.24 to $2.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Medical Sector

73rd out of 907 stocks

Pharmaceutical Preparations Industry

23rd out of 422 stocks

ALKS stock logo

About Alkermes Stock (NASDAQ:ALKS)

Alkermes plc, a biopharmaceutical company, researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in therapeutic areas in the United States, Ireland, and internationally. It has a portfolio of proprietary commercial products for the treatment of alcohol dependence, opioid dependence, schizophrenia and bipolar I disorder and a pipeline of clinical and preclinical product candidates in development for neurological disorders. Its marketed products include ARISTADA, an intramuscular injectable suspension for the treatment of schizophrenia; ARISTADA INITIO for the treatment of schizophrenia in adults; VIVITROL for the treatment of alcohol and prevention of opioid dependence; and LYBALVI, an oral atypical antipsychotic drug candidate for the treatment of adults with schizophrenia and bipolar I disorder. It has collaboration agreements primarily with Janssen Pharmaceutica N.V., Janssen Pharmaceutica Inc, and Janssen Pharmaceutica International. The company also offers proprietary technology platforms to third parties to enable them to develop, commercialize, and manufacture products. Alkermes plc was founded in 1987 and is headquartered in Dublin, Ireland.

ALKS Stock Price History

ALKS Stock News Headlines

Alkermes (NASDAQ:ALKS) Stock Rating Reaffirmed by HC Wainwright
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Breaking Down Alkermes: 5 Analysts Share Their Views
Alkermes exec sells over $290k in company shares
The Analyst Verdict: Alkermes In The Eyes Of 4 Experts
ALKS Factor-Based Stock Analysis
Top 3 Biotech Stocks to Consider for March Profits
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:ALKS
CUSIP
G0176710
Employees
2,100
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$35.38
High Stock Price Target
$50.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+44.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$355.76 million
Pretax Margin
25.34%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$2.29 per share
Book Value
$7.21 per share

Miscellaneous

Free Float
161,131,000
Market Cap
$4.13 billion
Optionable
Optionable
Beta
0.55

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ALKS Stock Analysis - Frequently Asked Questions

Should I buy or sell Alkermes stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alkermes in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ALKS shares.
View ALKS analyst ratings
or view top-rated stocks.

What is Alkermes' stock price target for 2024?

10 Wall Street research analysts have issued 12-month target prices for Alkermes' shares. Their ALKS share price targets range from $25.00 to $50.00. On average, they expect the company's share price to reach $35.38 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price.
View analysts price targets for ALKS
or view top-rated stocks among Wall Street analysts.

How have ALKS shares performed in 2024?

Alkermes' stock was trading at $27.74 at the beginning of the year. Since then, ALKS stock has decreased by 11.9% and is now trading at $24.44.
View the best growth stocks for 2024 here
.

Are investors shorting Alkermes?

Alkermes saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 13,520,000 shares, a decrease of 5.7% from the March 31st total of 14,340,000 shares. Based on an average daily trading volume, of 1,970,000 shares, the short-interest ratio is currently 6.9 days.
View Alkermes' Short Interest
.

When is Alkermes' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ALKS earnings forecast
.

How can I listen to Alkermes' earnings call?

Alkermes will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Alkermes' earnings last quarter?

Alkermes plc (NASDAQ:ALKS) announced its earnings results on Thursday, February, 15th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.51 by $0.29. The firm had revenue of $377.50 million for the quarter, compared to analysts' expectations of $362.78 million. Alkermes had a net margin of 21.39% and a trailing twelve-month return on equity of 16.10%. The company's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS.

How will Alkermes' stock buyback program work?

Alkermes announced that its Board of Directors has approved a stock buyback plan on Thursday, February 15th 2024, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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

Alkermes issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of 2.800-2.800 for the period, compared to the consensus earnings per share estimate of 2.520. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

What is Richard F. Pops' approval rating as Alkermes' CEO?

119 employees have rated Alkermes Chief Executive Officer Richard F. Pops on Glassdoor.com. Richard F. Pops has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Alkermes own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Alkermes investors own include Gilead Sciences (GILD), Netflix (NFLX), Pfizer (PFE), NVIDIA (NVDA), AbbVie (ABBV), Starbucks (SBUX), Intel (INTC), Johnson & Johnson (JNJ) and Tesla (TSLA).

Who are Alkermes' major shareholders?

Alkermes' stock is owned by a variety of retail and institutional investors. Top institutional investors include Rice Hall James & Associates LLC (0.24%), Los Angeles Capital Management LLC (0.09%), Allspring Global Investments Holdings LLC (0.07%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.05%) and New York State Teachers Retirement System (0.05%). Insiders that own company stock include Blair Curtis Jackson, Cato T Laurencin, Christian Todd Nichols, Craig C Hopkinson, Craig C Hopkinson, David Joseph Gaffin, David W Anstice, Emily Peterson Alva, Michael J Landine, Nancy Wysenski, Richard F Pops, Shane Cooke and Wendy L Dixon.
View institutional ownership trends
.

How do I buy shares of Alkermes?

Shares of ALKS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Alkermes have any subsidiaries?
The following companies are subsidiares of Alkermes: Rodin Therapeutics.
Read More
This page (NASDAQ:ALKS) was last updated on 4/26/2024 by MarketBeat.com Staff

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