Akari Therapeutics (AKTX) Expected to Post Earnings of -$1.00 Per Share

Analysts expect Akari Therapeutics (NASDAQ:AKTX) to post earnings per share (EPS) of ($1.00) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Akari Therapeutics’ earnings. Akari Therapeutics posted earnings of ($0.09) per share during the same quarter last year, which suggests a negative year over year growth rate of 1,011.1%. The business is expected to issue its next earnings report on Monday, May 21st.

On average, analysts expect that Akari Therapeutics will report full year earnings of ($2.00) per share for the current financial year, with EPS estimates ranging from ($3.00) to ($1.00). For the next fiscal year, analysts forecast that the firm will post earnings of ($2.00) per share, with EPS estimates ranging from ($3.00) to ($1.00). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Akari Therapeutics.

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Akari Therapeutics (NASDAQ:AKTX) last released its earnings results on Wednesday, March 21st. The biopharmaceutical company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.66) by $0.59.

A number of research analysts recently issued reports on the company. Canaccord Genuity decreased their target price on Akari Therapeutics from $15.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, March 29th. B. Riley assumed coverage on Akari Therapeutics in a report on Thursday, February 8th. They set a “neutral” rating and a $3.00 price target for the company. Finally, Zacks Investment Research downgraded Akari Therapeutics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Akari Therapeutics currently has a consensus rating of “Hold” and an average price target of $4.63.

NASDAQ:AKTX traded up $0.04 during midday trading on Friday, reaching $2.01. The company had a trading volume of 47,932 shares, compared to its average volume of 169,444. The firm has a market cap of $21.20, a PE ratio of -7.18 and a beta of -7.67. Akari Therapeutics has a 12-month low of $1.70 and a 12-month high of $22.20.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Endurant Capital Management LP purchased a new stake in Akari Therapeutics during the 4th quarter worth about $871,000. Millennium Management LLC lifted its holdings in Akari Therapeutics by 125.0% during the 4th quarter. Millennium Management LLC now owns 260,020 shares of the biopharmaceutical company’s stock worth $1,126,000 after buying an additional 144,477 shares during the last quarter. Finally, AWM Investment Company Inc. purchased a new stake in Akari Therapeutics during the 4th quarter worth about $2,962,000. 32.94% of the stock is owned by institutional investors.

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Akari Therapeutics Company Profile

Akari Therapeutics, Plc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutics to treat rare and orphan autoimmune and inflammatory diseases. Its lead drug candidate is Coversin, a second-generation complement inhibitor that is in Phase II clinical trial for the treatment of autoimmune and inflammatory diseases, including paroxysmal nocturnal hemoglobinuria, guillain barré syndrome, and atypical hemolytic uremic syndrome.

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Earnings History and Estimates for Akari Therapeutics (NASDAQ:AKTX)

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