How to Buy Alkermes Stock

Alkermes PLC

Alkermes plc, a biopharmaceutical company, researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in various therapeutic areas in the United States, Ireland, and internationally.

Alkermes stock last closed at $29.32, down 0.2% from the previous day, and has decreased 0.14% in one year. It has underperformed other stocks in the Biotechnology industry by 0.02 percentage points. Alkermes stock is currently +34.8% from its 52-week low of $21.75, and -9.03% from its 52-week high of $32.23.

At the moment, there are 166.12M ALKS shares outstanding. The market cap of ALKS is $4.87B. In the past 24 hours, 601,380 ALKS shares were traded.

How to Buy Alkermes Stock

Wondering how to invest in Alkermes stock? Here's how.
  1. Figure out where to buy Alkermes stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Alkermes stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Pick your method of payment and add your information.
  4. Research Alkermes stock: The Alkermes ticker symbol is ALKS. Is Alkermes stock a good investment? Should you buy shares of ALKS? How do ALKS's underlying business fundamentals look? Do top analysts think Alkermes is a good buy? Why has ALKS's stock price moved recently? (Hint: Our stock research tools can help you decide if ALKS is a good stock to buy).
  5. Place your ALKS purchase: Decide if you will purchase ALKS shares at the current market price or use a limit order to buy ALKS stock at a particular price.
  6. Get notifications regarding your ALKS investment: Create a watchlist to get the latest news on your new investment in Alkermes shares.

Step 1: Figure out where to buy Alkermes stock

You need a brokerage account to access the NASDAQ market and buy ALKS shares.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to invest in ALKS stock today.

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Step 3: Deposit money your investment account

Now that you've created your account on a good online stock trading app, you need to deposit funds:

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Step 4: Research Alkermes stock

Once you have figured out the best place to buy Alkermes stock, it's absolutely critical to research their stock prior to buying, so you truly wrap your head around the risk as well as the opportunity.

Alkermes stock quick numbers

ALKS Price
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Jul 27, 2023
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Alkermes Fundamentals

WallStreetZen was designed to help part-time investors do more accurate fundamental analysis in less time.

You can see all of the due diligence checks on ALKS's stock page.

Is ALKS stock properly valued?

Investors use many financial metrics, analyses, models, and charts to gauge ALKS's true value.

Using relative valuations measures:

  • ALKS could be undervalued based on its P/B ratio of 4.84x, relative to Biotechnology industry P/B ratio of 5.18x

You can access more valuation research on ALKS's stock here.

ALKS Financial Summary

Positive Health Checks:

  • ALKS has $600.46M in cash and short term investments. This is enough to cover its annual cash burn of $59.26M.
  • There are more short-term assets than long-term liabilities on the ALKS balance sheet.
  • There are more short-term assets than short-term liabilities on the ALKS balance sheet.
  • ALKS has cash burn of 59260000. It has enough cash and short-term investments to cover this for at least one year.

Negative Health Checks:

  • ALKS profit margin has gone down from -5.1% to -14.7% in the past year.
  • ALKS has a relatively high debt to equity ratio of 0.91.
  • Total ALKS debt is higher than 5 years ago, relative to shareholder equity.

Do Wall Street analysts think it's a good time to buy ALKS stock

Out of 3 sell side analysts who give ratings on ALKS, the consensus analyst rating on ALKS is a Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

Most Recent ALKS Analyst Upgrades/Downgrades

Uy Ear, a bottom 7% analyst from Mizuho maintains ALKS with a strong buy rating and lowers their ALKS price target from $37.00 to $36.00, on Apr 27, 2023.

Douglas Tsao, a top 10% analyst from HC Wainwright & Co. maintains ALKS with a hold rating and raises their ALKS price target from $32.00 to $34.00, on Apr 27, 2023.

Jessica Fye, a top 12% analyst from JP Morgan maintains ALKS with a hold rating and raises their ALKS price target from $29.00 to $31.00, on Apr 25, 2023.

You can dive deeper into what analysts are projecting on the Alkermes stock forecast page.

ALKS Momentum

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ALKS Performance Metrics

Last year, ALKS revenue was $1.12B. Over the past 5 year, ALKS's revenue has grown by 3.65% per year. This was slower than the Biotechnology industry average of 89.01%.

You can research ALKS's earnings and revenue performance here.

What are ALKS executives and large shareholders up to?

Over the last 12 months, executives and large shareholders at ALKS have sold more shares than they have bought.

Nancy Wysenski, Director of ALKS, was the latest ALKS insider to sell. They sold $1,288,773.75 worth of ALKS stock on May 9, 2023.

Research more about who owns ALKS shares here.

Can I rely on ALKS as an income stream?

No, Alkermes doesn't provide an income stream by paying out dividends.

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Step 5: Place your ALKS purchase

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.

Hit the Open Trade button and your broker will execute your order.

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Step 6: Get notifications regarding your ALKS investment

Now that you own some shares in ALKS, you'll want to stay up-to-date on your new shares.

Add ALKS to a watchlist to track the latest developments regarding your ALKS stock.


How to Buy Stock in Alkermes

To reiterate, here are the 6 steps for buying Alkermes stock:

  1. Figure out where to buy Alkermes stock
  2. Open a brokerage account
  3. Deposit money your investment account
  4. Research Alkermes stock
  5. Place your ALKS purchase
  6. Get notifications regarding your ALKS investment

If you need a online brokerage, eToro is our recommended option.

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If you want to get updates on your investment in Alkermes, create your watchlist below.

$29.32-0.06 (-0.2%)
Updated May 26, 2023
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$29.32-0.06 (-0.2%)
Updated May 26, 2023
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How much does it cost to buy one Alkermes share?

As of May 26, 2023, it costs $29.32 to buy one share of Alkermes stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.341 shares of ALKS.

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Is now a good time to buy Alkermes stock?

According to 3 Wall Street analysts who monitor Alkermes, their consensus recommendation is to buy Alkermes stock.

What is the best way to buy Alkermes stock?

One way to place an order for Alkermes stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.