Equities analysts predict that Akari Therapeutics PLC (NASDAQ:AKTX) will report earnings per share of ($0.66) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Akari Therapeutics’ earnings. Akari Therapeutics posted earnings per share of ($0.09) during the same quarter last year, which would indicate a negative year over year growth rate of 633.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, June 18th.
On average, analysts expect that Akari Therapeutics will report full-year earnings of ($1.75) per share for the current year, with EPS estimates ranging from ($2.71) to ($1.00). For the next fiscal year, analysts expect that the firm will report earnings of ($2.21) per share, with EPS estimates ranging from ($3.42) to ($1.00). Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Akari Therapeutics.
Akari Therapeutics (NASDAQ:AKTX) last posted its earnings results on Wednesday, March 21st. The biopharmaceutical company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.66) by $0.59.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. acquired a new stake in Akari Therapeutics in the fourth quarter worth $2,962,000. Hikari Power Ltd raised its holdings in shares of Akari Therapeutics by 320.5% during the first quarter. Hikari Power Ltd now owns 636,343 shares of the biopharmaceutical company’s stock worth $1,158,000 after acquiring an additional 485,009 shares during the period. Millennium Management LLC raised its holdings in shares of Akari Therapeutics by 125.0% during the fourth 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 period. Finally, Endurant Capital Management LP acquired a new stake in shares of Akari Therapeutics during the fourth quarter worth $871,000. Institutional investors own 18.52% of the company’s stock.
AKTX traded up $0.03 during mid-day trading on Thursday, hitting $1.89. The stock had a trading volume of 20,700 shares, compared to its average volume of 118,082. The firm has a market cap of $22.73 million, a PE ratio of -6.75 and a beta of -7.65. Akari Therapeutics has a 1-year low of $1.70 and a 1-year high of $11.95.
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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