While Akoya Biosciences Inc has underperformed by -0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AKYA fell by -42.24%, with highs and lows ranging from $8.80 to $3.04, whereas the simple moving average fell by -9.45% in the last 200 days.
On December 14, 2023, Guggenheim started tracking Akoya Biosciences Inc (NASDAQ: AKYA) recommending Neutral. UBS also rated AKYA shares as ‘Buy’, setting a target price of $14 on the company’s shares in an initiating report dated February 02, 2023. CapitalOne Initiated an Overweight rating on November 03, 2022, and assigned a price target of $19. Stephens initiated its ‘Overweight’ rating for AKYA, as published in its report on October 06, 2022. BTIG Research’s report from June 22, 2022 suggests a price prediction of $16 for AKYA shares, giving the stock a ‘Buy’ rating. Piper Sandler also rated the stock as ‘Overweight’.
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Analysis of Akoya Biosciences Inc (AKYA)
Further, the quarter-over-quarter increase in sales is 24.83%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Akoya Biosciences Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -112.72% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.94, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AKYA is recording an average volume of 206.51K. On a monthly basis, the volatility of the stock is set at 7.49%, whereas on a weekly basis, it is put at 6.40%, with a loss of -6.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.81, showing growth from the present price of $4.69, which can serve as yet another indication of whether AKYA is worth investing in or should be passed over.
How Do You Analyze Akoya Biosciences Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 56.74%. 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 30.16% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AKYA shares are owned by institutional investors to the tune of 30.16% at present.
