Alkermes plc (NASDAQ:ALKS) shares traded 7.46% higher at $36.00 on Wall Street last session.
ALKS stock price is now 18.40% away from the 50-day moving average and 31.48% away from the 200-day moving average. The market capitalization of the company currently stands at $5.82B.
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With the price target of $40, Deutsche Bank recently initiated with Buy rating for Alkermes plc (NASDAQ: ALKS). On November 05, 2024, Stifel Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $25 to quote $36, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Hopkinson Craig C., Officer bought 144,419 shares of the company’s stock on Feb 13 ’25. The stock was bought for $5,130,694 at an average price of $35.53. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Officer Hopkinson Craig C. bought 204,921 shares of the business’s stock. A total of $6,718,276 was incurred on buying the stock at an average price of $32.78. A total of 2.00% of the company’s stock is owned by insiders.
During the past 12 months, Alkermes plc has had a low of $22.90 and a high of $33.73. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.04, and a quick ratio of 2.65. The fifty day moving average price for ALKS is $30.2656 and a two-hundred day moving average price translates $27.32455 for the stock.
The latest earnings results from Alkermes plc (NASDAQ: ALKS) was released for 2024-09-30. The net profit margin was 23.57% and return on equity was 27.90% for ALKS. The company reported revenue of $429.99 million for the quarter, compared to $377.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.91 percent.
