Alkermes Plc (NASDAQ: ALKS) has reported E.P.S. of $0.57 for its third fiscal quarter (ending September 30) versus $0.55 for the same period a year ago — an increase of 4%. E.P.S. were $2.32 for the latest four quarters through September 30 versus $1.99 for the same period a year ago — an increase of 17%.
Recent Price Action
Alkermes Plc (NASDAQ: ALKS) stock declined by -3.6% on 10/24/24. The shares closed at $26.85. Moreover, this decline was accompanied by exceptionally high trading volume at 420% of normal. The stock has performed in line with the market over the last nine months and has declined -4.4% during the last week.
Current PriceTarget Research Rating
ALKS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
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 consistent signals. Alkermes has a neutral Appreciation Score of 42 and a slightly negative Power Rating of 34, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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