Amylyx Pharmaceuticals Inc. (NASDAQ:AMLX) marked $28.61 per share on Monday, down from a previous closing price of $29.34. While Amylyx Pharmaceuticals Inc. has underperformed by -2.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMLX rose by 122.65%, with highs and lows ranging from $41.93 to $6.51, whereas the simple moving average fell by -7.53% in the last 200 days.
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On March 31, 2023, Mizuho started tracking Amylyx Pharmaceuticals Inc. (NASDAQ: AMLX) recommending Buy. A report published by BofA Securities on January 05, 2023, Initiated its previous ‘Buy’ rating for AMLX. Citigroup also rated AMLX shares as ‘Buy’, setting a target price of $21 on the company’s shares in an initiating report dated May 25, 2022. Goldman April 01, 2022d the rating to Neutral on April 01, 2022, and set its price target from $36 to $10.
Analysis of Amylyx Pharmaceuticals Inc. (AMLX)
In order to gain a clear picture of Amylyx Pharmaceuticals Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -86.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 8.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 956.22K can be a very valuable indicator of volatility for AMLX stock. On a monthly basis, the volatility of the stock is set at 7.23%, whereas on a weekly basis, it is put at 6.82%, with a loss of -6.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.50, showing growth from the present price of $28.61, which can serve as yet another indication of whether AMLX is worth investing in or should be passed over.
How Do You Analyze Amylyx Pharmaceuticals Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 24.49%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 65.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in AMLX shares?
The recent increase in stakes in AMLX appears to be a result of several institutional investors and hedge funds increasing their positions. Perceptive Advisors LLC’s position in AMLX has increased by 11.26% in the first quarter. The company now owns 6,088,333 shares of the stock, with a value of $212.0 million, following the purchase of 616,300 additional shares during the last quarter. Viking Global Investors LP made another decreased to its shares in AMLX during the first quarter, downing its stake by -19.68%. During the last quarter, the company picked up -1,135,930 additional shares for a total stake of worth $161.38 million, bringing number of shares owned by the company to 4,634,606.
During the first quarter, The Vanguard Group, Inc. added a 830,129 position in AMLX. BlackRock Fund Advisors purchased an additional 2.68 million shares in the last quarter, increasing its holdings by 421.98%, now holding 3.32 million shares worth $115.61 million. AMLX shares are owned by institutional investors to the tune of 65.70% at present.
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