Investing in Athenex Inc. (ATNX): What You Must Know

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Athenex Inc.’s filing revealed that its Director WU JINN acquired Company’s shares for reported $4221.0 on Aug 22. In the deal valued at $0.42 per share,10,000 shares were bought. As a result of this transaction, WU JINN now holds 484,783 shares worth roughly $ 96956.6.


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Then, LAU JOHNSON YIU NAM bought 20,000 shares, generating $9,098 in total proceeds. Upon buying the shares at $0.45, the CEO and Chairman of the Board now owns 3,553,172 shares.

Before that, LAU JOHNSON YIU NAM bought 3,000 shares. Athenex Inc. shares valued at $5,520 were divested by the CEO and Chairman of the Board at a price of $1.84 per share. As a result of the transaction, LAU JOHNSON YIU NAM now holds 3,274,959 shares, worth roughly $0.65 million.

Truist downgraded its Athenex Inc. [ATNX] rating to a Hold from a a Buy in a research note published on Friday. PT values the company’s stock at a premium of 96.67 to its Friday closing price. A number of analysts have revised their coverage, including SVB Leerink’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Mkt perform”. Oppenheimer also remained covering ATNX and has decreased its forecast on March 02, 2021 with a “Perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on March 02, 2021. It rated ATNX as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of ATNX

On Friday, Athenex Inc. [NASDAQ:ATNX] saw its stock fall -2.40% to $0.20. On the same session, the stock had its day’s lowest price of $0.19, but rose to a high of $0.1999. Over the last five days, the stock has gained 1.14%. Athenex Inc. shares have fallen nearly -85.65% since the year began. Nevertheless, the stocks have fallen -92.22% over the past one year. While a 52-week high of $2.89 was reached on 01/04/22, a 52-week low of $0.16 was recorded on 10/21/22. SMA at 50 days reached $0.2970, while 200 days put it at $0.5867. A total of 0.91 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For ATNX Stock

The 24-hour chart illustrates a support level at 0.1902, which if violated will result in even more drops to 0.1851. On the upside, there is a resistance level at 0.2001. A further resistance level may holdings at 0.2049. The Relative Strength Index (RSI) on the 14-day chart is 36.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0077, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.62%. Stochastics %K at 49.14% indicates the stock is a holding.

How much short interest is there in Athenex Inc.?

A steep rise in short interest was recorded in Athenex Inc. stocks on Jul 14, 2022, dropping by -3.0 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.56 million shares. There was a decline of -117.19%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.84% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.5.

Athenex Inc. [ATNX] – Who Are The Largest Shareholders?

In filings from Perceptive Advisors LLC, it is revealed that the company now owns 13,532,467 shares, or roughly 8.62% of the outstanding ATNX shares. Additionally, The Vanguard Group, Inc. increased 21.70% of its stake after which the total value it holdings stand at $1,236,155, while Millennium Management LLC added 104.11% of its stake to hold $1.23 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -3,809,814 shares of Athenex Inc., while Renaissance Technologies LLC sold 731,247 shares. At present, Victory Capital Management, Inc. is holding 1,616,203 shares valued at $0.43 million. HighTower Advisors LLC owned 996,513 shares of the company at the time of its most recent 13F filing, worth $0.27 million.

According to FactSet, Athenex Inc.’s share price will average $2.17 in the next year, based on opinions of analysts polled by the firm. This is up nearly 650.0 percent from its previous closing price of $0.20. Analysts expect Athenex Inc. stock to reach the higher price of $4.00, while the lowest price estimate is $1.00. However, 3 analysts have rated ATNX stock as an Overweight in their predictions for 2022.

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