An Evaluation Of Akebia Therapeutics Inc. (NASDAQ: AKBA) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

AKBA belongs to the Healthcare sector of the NASDAQ while operating in the Drug Manufacturers – Specialty & Generic industry. The current market capitalization of Akebia Therapeutics Inc. is $258.66M. A total of 2.98 million shares were traded on the day, compared to an average of 2.97M shares.

In the most recent transaction, Dahan Michel sold 34,840 shares of AKBA for 1.26 per share on May 13 ’24. After the transaction, the SVP, Chief Operating Officer now owns 672,092 company shares. In a previous transaction on May 13 ’24, Hadas Nicole R. sold 12,016 shares at 1.26 per share. AKBA shares that SVP, Chief Legal Officer owns now total 651,243.

Among the insiders who sold shares, Butler John P. disposed of 46,570 shares on Feb 29 ’24 at a per-share price of $1.58. This resulted in the CEO and President holding 2,044,580 shares of AKBA after the transaction. In another insider transaction, Dahan Michel sold 8,661 shares at $1.58 per share on Feb 29 ’24. Company shares held by the SVP, Chief Operating Officer now total 706,932.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AKBA has a high of $2.48 and a low of $0.78.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AKBA’s latest balance sheet shows that the firm has $149.80M in Cash & Short Term Investments as of fiscal 2021. There were $136.05M in debt and $261.05M in liabilities at the time. Its Book Value Per Share was -$0.16, while its Total Shareholder’s Equity was $74.01M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AKBA is Buy with a score of 5.00.

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