Buy Rating Affirmed for Akero Therapeutics Amid Promising Phase 3 Drug Trial for MASH Treatment
TipRanks (Mon, 16-Sep 11:25 AM ET)
Globe Newswire (Mon, 9-Sep 7:00 AM ET)
PRNewswire (Fri, 6-Sep 10:45 PM ET)
Akero Therapeutics to Present at the Morgan Stanley 22nd Annual Global Healthcare Conference
Globe Newswire (Wed, 28-Aug 4:05 PM ET)
Business Wire (Mon, 26-Aug 6:00 PM ET)
PRNewswire (Fri, 23-Aug 11:46 AM ET)
Akero Therapeutics Reports Second Quarter 2024 Financial Results and Provides Business Update
Globe Newswire (Fri, 9-Aug 7:00 AM ET)
venBio Raises $528 Million Venture Capital Fund Focused on Life Science Companies
Business Wire (Thu, 1-Aug 8:00 AM ET)
Globe Newswire (Fri, 28-Jun 10:40 AM ET)
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ak
PRNewswire (Tue, 25-Jun 10:15 AM ET)
Akero Therapeutics Inc is a clinical-stage biotechnology company focused on developing and commercializing transformative treatments for serious metabolic diseases with high unmet medical needs. Its focus is nonalcoholic steatohepatitis, or NASH, a disease without any approved therapies. The company's product candidate efruxifermin is an FGF21 analog with properties that has the potential to address the core processes underlying NASH pathogenesis.
Akero Therapeutics trades on the NASDAQ stock market under the symbol AKRO.
As of September 16, 2024, AKRO stock price declined to $27.22 with 240,986 million shares trading.
AKRO has a beta of 2.12, meaning it tends to be more sensitive to market movements. AKRO has a correlation of 0.04 to the broad based SPY ETF.
AKRO has a market cap of $1.89 billion. This is considered a Small Cap stock.
In the last 3 years, AKRO stock traded as high as $58.38 and as low as $7.52.
The top ETF exchange traded funds that AKRO belongs to (by Net Assets): VTI, IWM, XBI, VXF, IWN.
AKRO stock has underperformed the market in the last year with a return of -45.9%, while SPY returned +27.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AKRO shares. However, AKRO has outperformed the market in the last 3 month and 2 week periods, returning +10.6% and +0.1%, while SPY returned +3.9% and -0.3%, respectively. This indicates AKRO has been having a stronger performance recently.
AKRO support price is $26.46 and resistance is $28.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AKRO stock will trade within this expected range on the day.