Brokerages Expect Akari Therapeutics PLC (AKTX) Will Post Earnings of -$1.00 Per Share
Analysts expect that Akari Therapeutics PLC (NASDAQ:AKTX) will report earnings of ($1.00) per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Akari Therapeutics PLC’s earnings. Akari Therapeutics PLC posted earnings of $0.03 per share in the same quarter last year, which indicates a negative year over year growth rate of 3,433.3%. The firm is expected to announce its next earnings report on Thursday, November 9th.
On average, analysts expect that Akari Therapeutics PLC will report full year earnings of ($3.28) per share for the current financial year, with EPS estimates ranging from ($5.00) to ($1.55). For the next year, analysts expect that the company will post earnings of ($4.00) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Akari Therapeutics PLC.
Several analysts have issued reports on the stock. Chardan Capital reaffirmed a “neutral” rating and set a $2.50 price target (down from $6.00) on shares of Akari Therapeutics PLC in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Akari Therapeutics PLC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 price target on shares of Akari Therapeutics PLC in a research report on Friday, September 22nd. William Blair reaffirmed an “outperform” rating on shares of Akari Therapeutics PLC in a research report on Tuesday, July 4th. Finally, ValuEngine raised shares of Akari Therapeutics PLC from a “strong sell” rating to a “sell” rating in a research report on Monday, September 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Akari Therapeutics PLC has an average rating of “Hold” and an average target price of $8.00.
Shares of Akari Therapeutics PLC (NASDAQ AKTX) traded down 5.95% on Thursday, hitting $6.96. 310,938 shares of the stock traded hands. The firm’s market capitalization is $81.96 million. The firm’s 50 day moving average is $5.40 and its 200 day moving average is $7.23. Akari Therapeutics PLC has a 52 week low of $3.18 and a 52 week high of $22.20.
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An institutional investor recently bought a new position in Akari Therapeutics PLC stock. Hikari Power Ltd acquired a new stake in Akari Therapeutics PLC (NASDAQ:AKTX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 60,012 shares of the biopharmaceutical company’s stock, valued at approximately $277,000. Hikari Power Ltd owned about 0.51% of Akari Therapeutics PLC at the end of the most recent reporting period. 26.85% of the stock is owned by hedge funds and other institutional investors.
About Akari Therapeutics PLC
Akari Therapeutics, Plc, formerly Celsus Therapeutics Plc, is a clinical-stage biopharmaceutical company. It is focused on the development and commercialization of treatments for a range of rare and orphan autoimmune and inflammatory diseases caused by dysregulation of complement component 5 (C5), including paroxysmal nocturnal hemoglobinuria, Guillain Barre syndrome and atypical Hemolytic Uremic Syndrome.
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