Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Alkermes Plc (NASDAQ: ALKS) improved during the last several trading days. ALKS’ current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, Alkermes Plc (NASDAQ: ALKS) stock declined slightly by -0.7%, closing at $25.93. However, this decline was accompanied by unusually low trading volume at 61% of normal. The stock has performed in line with the market over the last nine months and has declined -4.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ALKS is expected to continue to be a major Value Builder.
Alkermes has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Alkermes has a neutral Appreciation Score of 42 and a neutral Power Rating of 51, producing the Low Neutral Value Trend Rating.
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