Analysts Are Revising Their Forecasts Athersys (NASDAQ:ATHX)

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Earnings results for Athersys (NASDAQ:ATHX)

Athersys, Inc. is expected* to report earnings on 11/09/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.08. The reported EPS for the same quarter last year was $-0.08.

Athersys last announced its earnings results on August 10th, 2020. The biopharmaceutical company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.02. The business earned $0.08 million during the quarter. Athersys has generated ($0.29) earnings per share over the last year. Athersys has confirmed that its next quarterly earnings report will be published on Monday, November 9th, 2020.

Analyst Opinion on Athersys (NASDAQ:ATHX)

4 Wall Street analysts have issued ratings and price targets for Athersys in the last 12 months. Their average twelve-month price target is $9.00, predicting that the stock has a possible upside of 411.36%. The high price target for ATHX is $14.00 and the low price target for ATHX is $5.00. There are currently 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Athersys has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $9.00, Athersys has a forecasted upside of 411.4% from its current price of $1.76. Athersys has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Athersys (NASDAQ:ATHX)

Athersys does not currently pay a dividend. Athersys does not have a long track record of dividend growth.

Insiders buying/selling: Athersys (NASDAQ:ATHX)

In the past three months, Athersys insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $51,850.00 in company stock. Only 12.60% of the stock of Athersys is held by insiders. Only 28.14% of the stock of Athersys is held by institutions.

Earnings and Valuation of Athersys (NASDAQ:ATHX

Earnings for Athersys are expected to decrease in the coming year, from ($0.34) to ($0.35) per share. The P/E ratio of Athersys is -5.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Athersys is -5.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Athersys has a P/B Ratio of 11.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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