Analyzing Akoya Biosciences (AKYA) and Its Competitors

Akoya Biosciences (NASDAQ:AKYAGet Rating) is one of 43 publicly-traded companies in the “Analytical instruments” industry, but how does it compare to its peers? We will compare Akoya Biosciences to similar businesses based on the strength of its risk, institutional ownership, profitability, dividends, earnings, analyst recommendations and valuation.

Analyst Ratings

This is a summary of current ratings and recommmendations for Akoya Biosciences and its peers, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Akoya Biosciences 0 0 3 0 3.00
Akoya Biosciences Competitors 306 1305 1820 57 2.47

Akoya Biosciences currently has a consensus price target of $20.00, suggesting a potential upside of 77.94%. As a group, “Analytical instruments” companies have a potential upside of 28.12%. Given Akoya Biosciences’ stronger consensus rating and higher probable upside, analysts clearly believe Akoya Biosciences is more favorable than its peers.

Insider and Institutional Ownership

27.6% of Akoya Biosciences shares are owned by institutional investors. Comparatively, 60.3% of shares of all “Analytical instruments” companies are owned by institutional investors. 11.4% of shares of all “Analytical instruments” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Akoya Biosciences and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Akoya Biosciences -78.18% -47.57% -24.62%
Akoya Biosciences Competitors -172.02% 3.96% -9.45%

Valuation & Earnings

This table compares Akoya Biosciences and its peers gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Akoya Biosciences $54.92 million -$42.94 million -2.49
Akoya Biosciences Competitors $1.19 billion $356.47 million -24.59

Akoya Biosciences’ peers have higher revenue and earnings than Akoya Biosciences. Akoya Biosciences is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Summary

Akoya Biosciences peers beat Akoya Biosciences on 7 of the 12 factors compared.

Akoya Biosciences Company Profile (Get Rating)

Akoya Biosciences, Inc., a life sciences technology company, provides spatial biology solutions focused on transforming discovery and clinical research. It offers single-cell resolution with spatial context that provides a wealth of information to visualize tissue organization and disease pathology on a molecular level to understand disease progression and treatment response. The company also provides PhenoCycler instrument, a compact bench-top fluidics system that integrates with a companion microscope to automate image acquisition; and PhenoImager platform enables researchers to visualize, analyze, quantify, and phenotype cells in situ, in fresh frozen, or FFPE tissue sections, and tissue microarrays utilizing an automated and high-throughput workflow. In addition, it offers Proxima, a cloud-based platform designed to store, analyze, and share spatial data; inForm Tissue, an automated image analysis software package for accurately visualizing and quantifying biomarkers in tissue sections; Phenoptr, which provides functions that consolidate and analyze output tables created by inForm software; and phenoptrReports, a software that generates shareable reports and visualizations based on the phenoptr output in an intuitive front-end GUI. The company was incorporated in 2015 and is headquartered in Marlborough, Massachusetts.

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