On 9/20/19, Akorn Inc (NASDAQ: AKRX) stock enjoyed a major increase of 11.7%, closing at $4.10. Moreover, this advance was accompanied by unusually high trading volume at 190% of normal. The stock has risen 9.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AKRX is expected to continue to be a modest Value Builder.
Akorn has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Akorn has a neutral Appreciation Score of 50 but a poor Power Rating of 19, triggering the Negative Value Trend Rating.
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.