$152.35K in average volume shows that Akoya Biosciences Inc (AKYA) is heading in the right direction

On Tuesday, Akoya Biosciences Inc (NASDAQ: AKYA) was 4.91% up from the session before settling in for the closing price of $2.24. A 52-week range for AKYA has been $1.88 – $6.31.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 23.82%. When this article was written, the company’s average yearly earnings per share was at 23.43%. With a float of $19.98 million, this company’s outstanding shares have now reached $49.52 million.

Let’s determine the extent of company efficiency that accounts for 330 employees. In terms of profitability, gross margin is 55.56%, operating margin of -52.17%, and the pretax margin is -66.62%.

Akoya Biosciences Inc (AKYA) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Akoya Biosciences Inc stocks. The insider ownership of Akoya Biosciences Inc is 59.70%, while institutional ownership is 24.56%. The most recent insider transaction that took place on Jun 11 ’24, was worth 15,630. In this transaction President and CEO of this company sold 7,500 shares at a rate of $2.08, taking the stock ownership to the 224,733 shares. Before that another transaction happened on Jun 06 ’24, when Company’s President and CEO sold 7,500 for $2.01, making the entire transaction worth $15,064. This insider now owns 224,733 shares in total.

Akoya Biosciences Inc (AKYA) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 23.43% per share during the next fiscal year.

Akoya Biosciences Inc (NASDAQ: AKYA) Trading Performance Indicators

You can see what Akoya Biosciences Inc (AKYA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.34.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.18, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.62 in one year’s time.

Technical Analysis of Akoya Biosciences Inc (AKYA)

Looking closely at Akoya Biosciences Inc (NASDAQ: AKYA), its last 5-days average volume was 1.08 million, which is a jump from its year-to-date volume of 0.24 million. As of the previous 9 days, the stock’s Stochastic %D was 57.07%. Additionally, its Average True Range was 0.21.

During the past 100 days, Akoya Biosciences Inc’s (AKYA) raw stochastic average was set at 31.72%, which indicates a significant decrease from 65.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.09% in the past 14 days, which was lower than the 82.94% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.71, while its 200-day Moving Average is $3.05. However, in the short run, Akoya Biosciences Inc’s stock first resistance to watch stands at $2.56. Second resistance stands at $2.76. The third major resistance level sits at $3.01. If the price goes on to break the first support level at $2.11, it is likely to go to the next support level at $1.86. Should the price break the second support level, the third support level stands at $1.66.

Akoya Biosciences Inc (NASDAQ: AKYA) Key Stats

There are 49,563K outstanding shares of the company, which has a market capitalization of 116.47 million. As of now, sales total 96,630 K while income totals -63,320 K. Its latest quarter income was 18,810 K while its last quarter net income were -10,530 K.