Aktis Oncology (NASDAQ:AKTS) Reaches New 1-Year High – Here’s Why

Aktis Oncology (NASDAQ:AKTSGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $34.19 and last traded at $32.3590, with a volume of 1211861 shares changing hands. The stock had previously closed at $30.11.

Analyst Ratings Changes

AKTS has been the topic of several research reports. Raymond James Financial initiated coverage on shares of Aktis Oncology in a research report on Monday, June 15th. They issued a “strong-buy” rating and a $40.00 price objective on the stock. Weiss Ratings upgraded shares of Aktis Oncology from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. William Blair initiated coverage on shares of Aktis Oncology in a report on Wednesday, April 29th. They issued an “outperform” rating on the stock. Finally, HC Wainwright upped their price objective on Aktis Oncology from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Check Out Our Latest Report on Aktis Oncology

Aktis Oncology Trading Up 2.8%

The firm has a market cap of $1.70 billion and a PE ratio of -83.58. The business has a 50-day moving average price of $21.79.

Aktis Oncology (NASDAQ:AKTSGet Free Report) last posted its quarterly earnings results on Monday, March 30th. The technology company reported ($18.17) earnings per share (EPS) for the quarter. The firm had revenue of $1.87 million for the quarter. On average, equities analysts predict that Aktis Oncology will post -1.62 EPS for the current year.

About Aktis Oncology

(Get Free Report)

Aktis Oncology (NASDAQ: AKTS) is a biotechnology company focused on the discovery and development of new therapies for cancer. The firm concentrates on advancing oncology candidates through research and development with the goal of addressing unmet medical needs in oncology. Its work emphasizes targeted and precision approaches intended to improve the safety and efficacy profiles of cancer treatments.

The company’s activities include laboratory research, preclinical studies and clinical development as it advances its pipeline programs toward regulatory milestones.

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