Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Alkermes Plc (NASDAQ: ALKS) weakened of late. ALKS’ current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Alkermes Plc (NASDAQ: ALKS) stock rose modestly by 0.6% on 2/7/25. The stock closed at $31.57. Moreover, trading volume in this advance was above average at 139% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.1% during the last week.
Current PriceTarget Research Rating
Alkermes has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Alkermes has a poor Appreciation Score of 23 but a slightly positive Power Rating of 63, triggering the Negative Value Trend Rating.
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