Stocks of Akebia Therapeutics Inc. (NASDAQ:AKBA) traded higher last session on Wall Street, down -5.00% to $1.33.
AKBA stock price is now -14.48% away from the 50-day moving average and 0.05% away from the 200-day moving average. The market capitalization of the company currently stands at $278.75M.
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On August 28, 2023, H.C. Wainwright Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $3.75, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Butler John P., CEO and President sold 46,570 shares of the company’s stock on Feb 29 ’24. The stock was sold for $73,581 at an average price of $1.58. Upon completion of the transaction, the CEO and President now directly owns 2,044,580 shares in the company, valued at $2.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, SVP, Chief Operating Officer Dahan Michel sold 8,661 shares of the business’s stock. A total of $13,684 was realized by selling the stock at an average price of $1.58. This leaves the insider owning 706,932 shares of the company worth $0.94 million. A total of 10.84% of the company’s stock is owned by insiders.
During the past 12 months, Akebia Therapeutics Inc. has had a low of $0.78 and a high of $2.48.
According to the Biotechnology Company, earnings per share came in at -0.14, beating analysts’ expectations of -0.15 by 0.01. This compares to -$0.03 EPS in the same period last year. The net profit margin was -26.32% and return on equity was -554.87% for AKBA. The company reported revenue of $56.07 million for the quarter, compared to $55.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.66 percent. For the current quarter, analysts expect AKBA to generate $46.09M in revenue.
