Alkermes Plc: Collecting The Fruits Of The 2023 Spinoff [Seeking Alpha]
Alkermes plc - Ordinary Shares (ALKS)
Last alkermes plc - ordinary shares earnings: 4/29 07:00 am
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Source: Seeking Alpha
The stock is currently undervalued compared to peers, but capital allocation initiatives such as dividends and buybacks could help close the valuation gap. Risks include potential delays or lower-than-expected shareholder remuneration and competition from generics, but overall, the target price for Alkermes is $34 with a 30% upside potential. In November of last year, we presented our trade idea on the Alkermes/Mural Oncology spinoff transaction. Our reasoning was that while the parent company was set to benefit from a significantly lower R&D expense line, the SpinCo would be significantly sold off by the market, as interest rates were on the rise. Our idea proved right, with the former trading up to a high of $32 per share, and the latter significantly lagging behind. However, since then Alkermes went back down to a lower valuation and is now again in bargain territory. 2024 guidance is the big story: 2023 profitability gains are here to stay The spinoff transaction was driv
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ALKS
News
- Alkermes Announces Initiation of Vibrance-1 Phase 2 Study Evaluating ALKS 2680 for the Treatment of Narcolepsy Type 1 [Yahoo! Finance]Yahoo! Finance
- Alkermes Announces Initiation of Vibrance-1 Phase 2 Study Evaluating ALKS 2680 for the Treatment of Narcolepsy Type 1PR Newswire
- Alkermes Announces Initiation of Vibrance-1 Phase 2 Study Evaluating ALKS 2680 for the Treatment of Narcolepsy Type 1PR Newswire
- Will Alkermes' (ALKS) Proprietary Drugs Aid Amid Competition? [Yahoo! Finance]Yahoo! Finance
- Alkermes plc (NASDAQ: ALKS) had its "neutral" rating re-affirmed by analysts at HC Wainwright. They now have a $35.00 price target on the stock.MarketBeat
ALKS
Earnings
- 2/15/24 - Miss
ALKS
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEFA14A
- 4/15/24 - Form DEF
- ALKS's page on the SEC website