Brokerages Anticipate Akari Therapeutics PLC (AKTX) to Post ($1.00) Earnings Per Share

Shares of Akari Therapeutics PLC (NASDAQ:AKTX) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a one year consensus price objective of $2.50 for the company and are anticipating that the company will post ($1.00) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Akari Therapeutics an industry rank of 111 out of 265 based on the ratings given to related companies.

Several brokerages have recently weighed in on AKTX. Chardan Capital reaffirmed a “neutral” rating on shares of Akari Therapeutics in a research note on Sunday, September 17th. Zacks Investment Research raised Akari Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine raised Akari Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 30th. William Blair raised Akari Therapeutics from a “market perform” rating to an “outperform” rating in a research note on Friday, September 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 target price on shares of Akari Therapeutics in a research note on Friday, September 22nd.

A hedge fund recently bought a new stake in Akari Therapeutics stock. Hikari Power Ltd acquired a new stake in Akari Therapeutics PLC (NASDAQ:AKTX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 60,012 shares of the biopharmaceutical company’s stock, valued at approximately $277,000. Hikari Power Ltd owned about 0.51% of Akari Therapeutics as of its most recent filing with the SEC. 21.06% of the stock is owned by institutional investors and hedge funds.

Shares of Akari Therapeutics (AKTX) traded up $0.04 during mid-day trading on Thursday, hitting $4.17. The stock had a trading volume of 323,167 shares, compared to its average volume of 403,396. Akari Therapeutics has a twelve month low of $3.18 and a twelve month high of $22.20.

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About Akari Therapeutics

Akari Therapeutics, Plc, formerly Celsus Therapeutics Plc, is a clinical-stage biopharmaceutical company. It is focused on the development and commercialization of treatments for a range of rare and orphan autoimmune and inflammatory diseases caused by dysregulation of complement component 5 (C5), including paroxysmal nocturnal hemoglobinuria, Guillain Barre syndrome and atypical Hemolytic Uremic Syndrome.

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