Acadia Pharmaceuticals Sees a 5.0% Jump in Share Price, with Optimistic Outlook for 2023 Earnings Estimates.
March 19, 2023
Trending News ☀️
Acadia Pharmaceuticals ($NASDAQ:ACAD) saw a significant jump in their share price last session, increasing by 5.0%. This jump in the stock price was attributed to increased trading volume, which is a sign of confidence among investors. The higher-than-average trading volume could be indicative of a lasting trend of growth, which is buoyed by analysts revising their earnings estimates for Acadia. The optimism surrounding Acadia’s stock appears to be reflected in their current trading activity, which could be an indication that the strength seen in their 5.0% jump could continue with further increases in trading volume. Furthermore, the fact that analysts have been revising their estimates for the company’s future earnings suggests a brighter outlook for 2023 earnings. It remains to be seen whether or not the surge seen in Acadia’s stock will be sustained throughout the year.
However, given the current climate, combined with the increased trading activity and revised earnings estimates, investors should remain confident in the potential long-term growth of this stock.
Share Price
The stock opened at $20.1 and closed at $19.8, down by 2.6% from the prior closing price of 20.4. Despite this minor decrease, investors remain optimistic about ACADIA PHARMACEUTICALS‘ future prospects, with many expecting the company to reach record earnings estimates by 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Acadia Pharmaceuticals. More…
| Total Revenues | Net Income | Net Margin |
| 517.24 | -215.97 | -41.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Acadia Pharmaceuticals. More…
| Operations | Investing | Financing |
| -114.03 | 73.24 | 8.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Acadia Pharmaceuticals. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 587.81 | 187.4 | 2.47 |
Key Ratios Snapshot
Some of the financial key ratios for Acadia Pharmaceuticals are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.1% | – | -43.2% |
| FCF Margin | ROE | ROA |
| -22.0% | -33.8% | -23.8% |
Analysis
At GoodWhale, we’ve conducted a comprehensive analysis of ACADIA PHARMACEUTICALS‘ financials. After assessing all aspects of their financial performance, we can conclude that ACADIA PHARMACEUTICALS is a medium risk investment. That said, our analysis has identified two risk warnings in the cashflow statement and financial journal. If you’d like to view specific details, please become a registered user on our website. Our team is dedicated to helping you make informed decisions about the investments you make and the financial health of your portfolio. More…
Peers
ACADIA Pharmaceuticals Inc is a company that focuses on the development of drugs for the treatment of central nervous system disorders. The company has a number of competitors, including Seagen Inc, Mabion SA, and Sonnet BioTherapeutics Holdings Inc. Each of these companies focuses on the development of drugs for the treatment of different diseases and disorders.
– Seagen Inc ($NASDAQ:SGEN)
Seagen Inc. is a biotechnology company focused on the development and commercialization of cancer therapies. The company’s products include Adcetris, a CD30-directed antibody-drug conjugate, and Tukysa, a small molecule inhibitor of tyrosine kinases. Seagen Inc. has a market cap of $23.95 billion and a return on equity of -14.89%. The company’s products are used to treat a variety of cancers, including Hodgkin’s lymphoma and non-Hodgkin’s lymphoma.
– Mabion SA ($LTS:0QGW)
Mabion is a publicly traded company on the Warsaw Stock Exchange. The company’s market capitalization is $345.53 million as of 2022. The company’s return on equity is 23.01%. Mabion is a biopharmaceutical company that specializes in the development and commercialization of innovative therapies for the treatment of cancer and autoimmune diseases.
– Sonnet BioTherapeutics Holdings Inc ($NASDAQ:SONN)
Sonnet BioTherapeutics is a clinical-stage biopharmaceutical company developing next-generation Antibody-Drug Conjugates (ADCs) for the treatment of cancer. The company’s lead product candidate, SNT-127, is a HER2-targeted ADC in clinical development for the treatment of patients with HER2-positive breast cancer and gastric cancer. The company’s second product candidate, SNT-155, is a CD33-targeted ADC in clinical development for the treatment of patients with acute myeloid leukemia (AML). Sonnet BioTherapeutics is headquartered in New York, New York.
As of 2022, Sonnet BioTherapeutics has a market cap of 5.11M and a Return on Equity of -393.11%. The company’s lead product candidate, SNT-127, is a HER2-targeted ADC in clinical development for the treatment of patients with HER2-positive breast cancer and gastric cancer. The company’s second product candidate, SNT-155, is a CD33-targeted ADC in clinical development for the treatment of patients with acute myeloid leukemia (AML).
Summary
Acadia Pharmaceuticals Inc. has seen its share price rise by 5.0% over the past week, and investors are growing increasingly optimistic about its outlook for the 2023 fiscal year. Analysts have noted that the company’s portfolio of treatments for neurological disorders, including Parkinson’s disease, Alzheimer’s disease, and schizophrenia, is an attractive area for investors.
Additionally, its core research and development capabilities have enabled it to continuously innovate and bring new treatments to the market. Furthermore, its strong balance sheet and solid cash flow provide stability and support its long-term growth. With all this in mind, investors are increasingly bullish on Acadia Pharmaceuticals and appear to be expecting positive returns in the near future.
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