Zacks: Brokerages Expect Akari Therapeutics (AKTX) to Post -$1.00 EPS

Equities analysts forecast that Akari Therapeutics (NASDAQ:AKTX) will report earnings per share of ($1.00) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Akari Therapeutics’ earnings. Akari Therapeutics posted earnings per share of ($0.09) during the same quarter last year, which would suggest a negative year over year growth rate of 1,011.1%. The company is scheduled to report its next quarterly earnings results on Monday, May 21st.

According to Zacks, 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 expect 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 EPS averages are an average based on a survey of research analysts that cover Akari Therapeutics.

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

A number of analysts have commented on the stock. B. Riley assumed coverage on shares of Akari Therapeutics in a research note on Thursday, February 8th. They set a “neutral” rating and a $3.00 price target for the company. Canaccord Genuity decreased their price target on shares of Akari Therapeutics from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, March 29th. Finally, Zacks Investment Research downgraded shares of 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. Akari Therapeutics currently has a consensus rating of “Hold” and an average target price of $4.63.

Shares of AKTX stock opened at $2.01 on Friday. The firm has a market cap of $23.67, a price-to-earnings 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.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC boosted 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 acquiring an additional 144,477 shares during the last quarter. Endurant Capital Management LP purchased a new position in Akari Therapeutics during the 4th quarter worth $871,000. Finally, AWM Investment Company Inc. purchased a new position in Akari Therapeutics during the 4th quarter worth $2,962,000. 32.94% of the stock is currently owned by hedge funds and other institutional investors.

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About Akari Therapeutics

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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