Stock Rating Upgrade
In the last week the Value Trend Rating for Akorn Inc (NASDAQ: AKRX) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 11/29/19, Akorn Inc (NASDAQ: AKRX) stock suffered a large decline of -4.7%, closing at $3.65. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but has declined -5.9% during the last week.
Current PriceTarget Research Rating
AKRX is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Akorn has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Akorn has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 69, leading to the Positive Value Trend Rating.