Technical Eye on Akorn, Inc. (NASDAQ:AKRX)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Akorn, Inc. (NASDAQ:AKRX) for the period of 9-Day stands at 88.49% while the stochastic %D for the same period stands at 90.34%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Akorn, Inc. (NASDAQ:AKRX) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Akorn, Inc. (NASDAQ:AKRX) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indictor of a certain security, currently Akorn, Inc. (NASDAQ:AKRX)’s 20-Day Bollinger Band indicates “Hold”.

Previous Day Activity Analysis

On the last trading day, Akorn, Inc. (NASDAQ:AKRX) opened the session at $33.18 and after going up 0.18% closed at $33.23. The stock gained 0.05 points in the last trade.

Akorn, Inc. (NASDAQ:AKRX)’s stock fluctuated in the range of $33.13 and $33.46 during the previous active session. Akorn, Inc. (NASDAQ:AKRX) traded with the volume of 2.19 Million with average volume of 2.38 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.4 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.24 and 58.22 respectively.

Currently the Insider Ownership of the shares of Akorn, Inc. (NASDAQ:AKRX) is at 3% and the shares outstanding are 124.46 Million.

Important Ratio Analysis

Some important ratios to consider here for Akorn, Inc. (NASDAQ:AKRX) are discussed below:

Dividend yield of Akorn, Inc. (NASDAQ:AKRX) stands at 0% whereas Price to Earnings P/E ratio stands at 33.63 while Forward P/E shows the value of 28.33.

The PEG ratio (Price to Earning to Growth) emits the value of 0. The Price to Sale P/S and Price to Book P/B shows the value of 4.05 and 4.68 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 12.82 and 14.22 correspondingly.

The Quick Ratio of Akorn, Inc. (NASDAQ:AKRX) stands at 4.1 while the Current Ratio depicts the value of 5.5.

Return on Assets ROA of Akorn, Inc. (NASDAQ:AKRX) is at 6.2% whereas, Return on Equity ROE and Return of Investment ROI of Akorn, Inc. (NASDAQ:AKRX) stand at 14.6% and 14.8% respectively.

The payout ratio of Akorn, Inc. (NASDAQ:AKRX) stands at 0%.

Stock Performance Analysis

The stock performance of Akorn, Inc. (NASDAQ:AKRX) on the basis of 5 day trade show the jump of 0.79% whereas, the monthly performance of the stock shows decrease of -0.24%.

The quarterly performance of the stock remained in red zone with the value of -0.63% while six month performance of the shares of Akorn, Inc. (NASDAQ:AKRX) remained bullish with the count of 49.55%.

The yearly and YTD performance of Akorn, Inc. (NASDAQ:AKRX) remained up at 16.88% and 52.22% respectively.