Is Akebia Therapeutics Inc. (NASDAQ: AKBA) Still On The Rise?

After Hours

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Stocks Info

This NASDAQ-listed company operates within the Drug Manufacturers – Specialty & Generic industry segment, falling under the Healthcare sector. The current market capitalization of Akebia Therapeutics Inc. is $313.33M. A total of 1.83 million shares were traded on the day, compared to an average of 2.93M shares.

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

Among the insiders who sold shares, Burke Steven Keith disposed of 27,000 shares on Aug 25 ’23 at a per-share price of $1.15. This resulted in the SVP, Chief Medical Officer holding 668,840 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, AKBA has a high of $2.48 and a low of $0.78.

As of this writing, AKBA has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.09.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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