Somewhat Positive Media Coverage Somewhat Unlikely to Affect Akebia Therapeutics (AKBA) Share Price
News headlines about Akebia Therapeutics (NASDAQ:AKBA) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Akebia Therapeutics earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the biopharmaceutical company an impact score of 46.6039178365883 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- An Eye on Stock Value – Akebia Therapeutics Inc (NASDAQ: AKBA) (stocksmarketcap.com)
- Akebia Therapeutics Inc. (AKBA) Expected to Post Quarterly Sales of $49.65 Million (americanbankingnews.com)
- Akebia Therapeutics Inc. (AKBA) Expected to Announce Earnings of -$0.68 Per Share (americanbankingnews.com)
- Akebia Therapeutics Inc. (AKBA) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Akebia (AKBA) Presents At H. C. Wainwright Global Life Sciences Conference – Slideshow (seekingalpha.com)
Shares of AKBA traded down $0.05 during mid-day trading on Tuesday, hitting $9.90. 99,869 shares of the company’s stock traded hands, compared to its average volume of 439,763. Akebia Therapeutics has a 1 year low of $9.00 and a 1 year high of $20.25. The stock has a market capitalization of $548.22, a PE ratio of -5.59 and a beta of 1.10.
A number of research firms recently weighed in on AKBA. BidaskClub downgraded Akebia Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 15th. Mizuho set a $24.00 target price on Akebia Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, March 7th. ValuEngine downgraded Akebia Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Zacks Investment Research downgraded Akebia Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Piper Jaffray started coverage on Akebia Therapeutics in a research report on Monday, December 18th. They issued an “overweight” rating and a $26.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.20.
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About Akebia Therapeutics
Akebia Therapeutics, Inc, a biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for patients with renal disease through hypoxia-inducible factor (HIF) biology. Its lead product candidate is vadadustat, an oral therapy, which is in Phase III development for the treatment of anemia due to chronic kidney disease in dialysis and non-dialysis patients.
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