Athersys Upgraded to “Neutral” at Zacks (ATHX)
Athersys (NASDAQ:ATHX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Monday. The firm currently has a $1.80 target price on the stock. Zacks‘s price target would suggest a potential upside of 9.09% from the company’s current price.
ATHX has been the subject of a number of other recent research reports. Analysts at Edison Investment Research reiterated a “neutral” rating on shares of Athersys in a research note on Tuesday, May 6th. Analysts at First Analysis initiated coverage on shares of Athersys in a research note on Tuesday, April 29th. They set an “overweight” rating and a $5.00 price target on the stock.
Shares of Athersys (NASDAQ:ATHX) remained flat at $1.80 during during mid-day trading trading on Monday. The stock had a trading volume of 641,108 shares. Athersys has a 52-week low of $1.08 and a 52-week high of $4.33. The stock has a 50-day moving average of $1.58 and a 200-day moving average of $2.75. The company’s market cap is $138.7 million.
Athersys (NASDAQ:ATHX) last announced its earnings results on Thursday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $0.71 million for the quarter, compared to the consensus estimate of $0.66 million. The company’s revenue for the quarter was up 116.9% on a year-over-year basis. On average, analysts predict that Athersys will post $-0.40 earnings per share for the current fiscal year.
Athersys, Inc is a biopharmaceutical company engaged in the discovery and development of therapeutic product candidates designed to extend and improve the quality of human life.
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