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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 $24.83, up 0.73% from the previous day, and has decreased 21.75% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.19 percentage points. Alkermes stock is currently +12.81% from its 52-week low of $22.01, and -24.48% from its 52-week high of $32.88.

There are currently 169.22M shares of ALKS outstanding. The market capitalization of ALKS is $4.20B. In the last 24 hours, 1.55M ALKS shares were traded.

How to Buy Alkermes Stock

Not sure 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 analyzed 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 selected.
  3. Deposit money your investment account: Choose your method of payment and add your info.
  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 market 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 purchase ALKS shares at a specific price.
  6. Get notifications regarding your ALKS investment: Create a watchlist to key updates about your investment in Alkermes stock.

Step 1: Figure out where to buy Alkermes stock

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

A brokerage account enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've picked your brokerage, it's time to fill out some personal info so you are able to invest in ALKS stock today.

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Step 4: Research Alkermes stock

After you have chosen the best place to buy Alkermes stock, it's very important to evaluate their stock before you invest, so you actually wrap your head around the risk and opportunity.

Alkermes stock data

ALKS Price
$24.83
1w %
5.35%
1y %
-21.75%
5y %
6.7%
P/E
9.48x
P/B
3.35x
P/S
2.42x
PEG
N/A
Revenue
$1.73B
Earnings
$434.43M
Fore. Rev. Growth
-3.99%
Fore. Earn. Growth
-7.39%
Market Cap
$4.20B
Next Earnings
Jul 22, 2024
Next Dividend
N/A

ALKS Due Diligence Checks

WallStreetZen was created to help everyday investors do more in-depth fundamental analysis.

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

What is the fair value of ALKS stock?

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

Using relative valuations methods:

  • ALKS may be undervalued based on its P/E ratio of 9.48x, relative to Drug Manufacturers - Specialty & Generic industry P/E ratio of -3.43x
  • ALKS could be overvalued based on its P/B ratio of 3.35x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.25x

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

ALKS Financial Summary

Positive Health Checks:

  • ALKS profit margin has gone up from -14.7% to 25.2% in the past year.
  • There are more short-term assets than long-term liabilities on the ALKS balance sheet.
  • ALKS earnings of $374.49M is not enough to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the ALKS balance sheet.
  • ALKS's operating cash flow of $443.76M allows it to safely service it's debt of $370.11M.

Negative Health Checks:

  • Total ALKS debt is higher than 5 years ago, relative to shareholder equity.
  • ALKS has a relatively high debt to equity ratio of 0.69.

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

Out of 8 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

David Amsellem, a top 20% analyst from Piper Sandler reiterates ALKS with a strong buy rating and maintains their ALKS price target from $39.00 to $39.00, on Apr 1, 2024.

Joel Beatty, a top 27% analyst from Baird initiates coverage on ALKS with a buy rating and announces their ALKS price target of $37.00, on Mar 19, 2024.

Ashwani Verma, a top 28% analyst from UBS downgrades ALKS to a strong sell rating and maintains their ALKS price target from $25.00 to $25.00, on Feb 20, 2024.

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

ALKS Momentum

SMA10
24.04
SMA20
24.21
SMA50
24.21
SMA100
25.39
SMA200
26.12
MACD
0.01
MACD Signal
-0.08
MACD Histogram
0.1
RSI
57.19
Stochastic %K
75.44
Stochastic %D
74.25
StochRSI %K
100
StochRSI %D
92.94

ALKS Performance Metrics

Last year, ALKS revenue was $1.73B. Over the past 5 year, ALKS's revenue has grown by 9.59% per year. This was slower than the Drug Manufacturers - Specialty & Generic industry average of 20.04%.

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.

Emily Peterson Alva, Director of ALKS, was the latest ALKS insider to sell. They sold $35,306.50 worth of ALKS stock on Jun 29, 2024.

Research more about who owns ALKS shares here.

Can I rely on ALKS as an income stream?

Alkermes pays a dividend of 4.31%, compared to the Drug Manufacturers - Specialty & Generic industry's average dividend yield of 2.54%. If you owned $1,000 worth of ALKS stock, you would have received $43.09 in the past year.

Dig into more info about Alkermes dividend yield and history here.

ALKS Social Trading Data

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Step 5: Place your ALKS purchase

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.

Press the Open button and your broker will place the order.

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Step 6: Get notifications regarding your ALKS investment

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

Add ALKS to a watchlist to get notified of important updates regarding your ALKS stock.

ALKS Feed

How to Buy Stock in Alkermes

To reiterate, here are the 6 steps you need to take to buy Alkermes stock right now:

  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 require a online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep tabs on your investment in Alkermes, click below.

NASDAQ: ALKS
$24.83+0.18 (+0.73%)
Updated Jul 19, 2024
Open eToro Account
NASDAQ: ALKS
$24.83+0.18 (+0.73%)
Updated Jul 19, 2024
Open eToro Account

FAQ

How much does it cost to buy one Alkermes share?

As of Jul 19, 2024, it costs $24.83 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 0.403 shares of ALKS.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Alkermes stock?

According to 8 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.