Akero Therapeutics Stock Price on June 27, 2024

AKRO Stock  USD 29.34  0.94  3.31%   
Below is the normalized historical share price chart for Akero Therapeutics extending back to June 20, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Akero Therapeutics stands at 29.34, as last reported on the 23rd of December, with the highest price reaching 29.77 and the lowest price hitting 28.09 during the day.
IPO Date
20th of June 2019
200 Day MA
25.917
50 Day MA
30.8401
Beta
(0.26)
 
Covid
If you're considering investing in Akero Stock, it is important to understand the factors that can impact its price. As of now, Akero Stock is very steady. Akero Therapeutics secures Sharpe Ratio (or Efficiency) of 0.0375, which signifies that the company had a 0.0375% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Akero Therapeutics, which you can use to evaluate the volatility of the firm. Please confirm Akero Therapeutics' mean deviation of 2.57, and Risk Adjusted Performance of 0.0375 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%.
  
At this time, Akero Therapeutics' Total Stockholder Equity is very stable compared to the past year. As of the 23rd of December 2024, Liabilities And Stockholders Equity is likely to grow to about 609.3 M, while Common Stock Total Equity is likely to drop 2,933. . At this time, Akero Therapeutics' Price Book Value Ratio is very stable compared to the past year. As of the 23rd of December 2024, Price To Book Ratio is likely to grow to 2.41, while Price Earnings Ratio is likely to drop (8.49). Akero Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0375

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Estimated Market Risk

 3.29
  actual daily
29
71% of assets are more volatile

Expected Return

 0.12
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.04
  actual daily
2
98% of assets perform better
Based on monthly moving average Akero Therapeutics is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Akero Therapeutics by adding it to a well-diversified portfolio.
Price Book
2.7737
Book Value
10.606
Enterprise Value
1.4 B
Enterprise Value Ebitda
(6.77)
Shares Float
55.4 M

Akero Therapeutics Valuation on June 27, 2024

It is possible to determine the worth of Akero Therapeutics on a given historical date. On June 27, 2024 Akero was worth 23.05 at the beginning of the trading date compared to the closed value of 23.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Akero Therapeutics stock. Still, in general, we apply an absolute valuation method to find Akero Therapeutics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Akero Therapeutics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Akero Therapeutics' related companies.
 Open High Low Close Volume
  23.38    23.58    22.54    22.93    806,548  
06/27/2024
  23.05    23.83    22.54    23.40    481,352  
  23.48    23.55    22.34    23.46    3,758,449  
Backtest Akero Therapeutics  |  Akero Therapeutics History  |  Akero Therapeutics Valuation   PreviousNext  
Open Value
23.05
23.4
Closing Value
32.91
Upside

Akero Therapeutics Trading Date Momentum on June 27, 2024

On June 28 2024 Akero Therapeutics was traded for  23.46  at the closing time. The top price for the day was 23.55  and the lowest listed price was  22.34 . The trading volume for the day was 3.8 M. The trading history from June 28, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.26% . The overall trading delta against the current closing price is 6.88% .

Akero Therapeutics Fundamentals Correlations and Trends

By evaluating Akero Therapeutics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Akero Therapeutics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Akero financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Akero Therapeutics Stock history

Akero Therapeutics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Akero is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Akero Therapeutics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Akero Therapeutics stock prices may prove useful in developing a viable investing in Akero Therapeutics
Last ReportedProjected for Next Year
Common Stock Shares Outstanding52.6 M34.6 M
Net Loss-100.8 M-105.9 M

Akero Therapeutics Quarterly Net Working Capital

703.6 Million

Akero Therapeutics Stock Technical Analysis

Akero Therapeutics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Akero Therapeutics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Akero Therapeutics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Akero Therapeutics Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Akero Therapeutics cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Akero Therapeutics December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Akero Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Akero Therapeutics shares will generate the highest return on investment. By undertsting and applying Akero Therapeutics stock market strength indicators, traders can identify Akero Therapeutics entry and exit signals to maximize returns

Akero Therapeutics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Akero Therapeutics' price direction in advance. Along with the technical and fundamental analysis of Akero Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Akero to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Akero Therapeutics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Akero Therapeutics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Akero Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Akero Therapeutics Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akero Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Akero Stock, please use our How to Invest in Akero Therapeutics guide.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akero Therapeutics. If investors know Akero will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akero Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.78)
Return On Assets
(0.23)
Return On Equity
(0.36)
The market value of Akero Therapeutics is measured differently than its book value, which is the value of Akero that is recorded on the company's balance sheet. Investors also form their own opinion of Akero Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Akero Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akero Therapeutics' market value can be influenced by many factors that don't directly affect Akero Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akero Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Akero Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akero Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.