Akouos Inc. (AKUS) shares are trading at higher $22.60 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $33.00.
To add more color to this target, the company’s high over the last year is $24.08 and the low is $19.00 while the S&P 500 is up 19.82%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, AKUS reported a profit of $78000.0. Akouos Inc. also saw revenues increase to $12.6 million. In addition, AKUS has free cash flow of -$22.04 million as of 06-2020. The company’s EBITDA came in at -$12.6 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AKUS has a short ratio of 4.27 and outstanding shares of 34.37M.
AKUS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 88110.0 and more growth is possible in the weeks ahead. Akouos Inc. AKUS also noted assets of $354.15 million at the end of the last quarter. Investors should also keep an eye on sector updates as AKUS has historically followed its peers on positive news.
All told, Akouos Inc. AKUS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AKUS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Akouos Inc. AKUS is now commanding a market cap of 737.89M and a float of 33.21M. AKUS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AKUS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in AKUS, either long or short, and we have not been compensated for this article.