Alert: Negative Investment/Fundamental Signals (12/2/19)-Akorn Inc (NASDAQ: AKRX)


Akorn Inc (NASDAQ: AKRX). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.

Recent significant negative changes in fundamentals have affected Akorn Inc (NASDAQ: AKRX): the consensus estimate for December, 2020 decreased significantly, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, AKRX is expected to continue to be a modest Value Builder.

Akorn has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Akorn has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 69, leading to the Positive Value Trend Rating.

Recent Price Action

Akorn Inc (NASDAQ: AKRX) stock enjoyed a large increase of 4.7% on 12/2/19. The stock closed at $3.82. Trading volume in this advance was normal. Relative to the market the stock has been strong over the last nine months but has declined -0.5% during the last week.

About John Lafferty 80532 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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