Should I buy or sell Anika Therapeutics stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Anika Therapeutics in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ANIK shares. View ANIK analyst ratings or view top-rated stocks .

What is Anika Therapeutics' stock price target for 2024?

2 analysts have issued twelve-month target prices for Anika Therapeutics' shares. Their ANIK share price targets range from $22.00 to $37.00. On average, they predict the company's stock price to reach $29.50 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price. View analysts price targets for ANIK or view top-rated stocks among Wall Street analysts .

How have ANIK shares performed in 2024?

Anika Therapeutics' stock was trading at $22.66 at the beginning of 2024. Since then, ANIK shares have increased by 11.7% and is now trading at $25.31. View the best growth stocks for 2024 here .

When is Anika Therapeutics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our ANIK earnings forecast .

How were Anika Therapeutics' earnings last quarter?

Anika Therapeutics, Inc. (NASDAQ:ANIK) released its quarterly earnings data on Wednesday, March, 13th. The biotechnology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The biotechnology company earned $42.97 million during the quarter, compared to analysts' expectations of $41.51 million. Anika Therapeutics had a negative net margin of 49.60% and a negative trailing twelve-month return on equity of 2.10%.

What ETF holds Anika Therapeutics' stock?

Invesco Nasdaq Future Gen 200 ETF holds 1,676 shares of ANIK stock, representing 0.54% of its portfolio.

What guidance has Anika Therapeutics issued on next quarter's earnings?

Anika Therapeutics issued an update on its FY 2024 earnings guidance on Wednesday, March, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $168.0 million-$173.0 million, compared to the consensus revenue estimate of $179.4 million.

What other stocks do shareholders of Anika Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Anika Therapeutics investors own include Alibaba Group (BABA) , Broadcom (AVGO) , Gilead Sciences (GILD) , Micron Technology (MU) , Skyworks Solutions (SWKS) , Tesla (TSLA) , Advanced Micro Devices (AMD) , CVS Health (CVS) , Enterprise Products Partners (EPD) and Ligand Pharmaceuticals (LGND) .

How do I buy shares of Anika Therapeutics?

Shares of ANIK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ANIK

Anika Therapeutics (ANIK) Stock Price, News & Analysis

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Free ANIK Stock Alerts

$25.31

+0.31 (+1.24%)

(As of 04/15/2024 ET)

Compare

Today's Range: $24.97
▼
$25.35
50-Day Range: $23.31
▼
$26.42
52-Week Range: $16.54
▼
$28.87

Volume: 37,432 shs
Average Volume: 82,955 shs
Market Capitalization: $375.85 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $29.50

Get Anika Therapeutics alerts:

Anika Therapeutics MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 16.6% Upside
$29.50 Price Target
Short Interest: Bearish
5.44% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.12
Upright™ Environmental Score
News Sentiment: 1.23
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.54%
From $1.12 to $1.35 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.47 out of 5 stars

Medical Sector

286th out of 929 stocks

Surgical & Medical Instruments Industry

34th out of 97 stocks

2.3

Analyst's Opinion

Consensus Rating
Anika Therapeutics has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Anika Therapeutics has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.44% of the float of Anika Therapeutics has been sold short.
Short Interest Ratio / Days to Cover
Anika Therapeutics has a short interest ratio ("days to cover") of 9.
Change versus previous month
Short interest in Anika Therapeutics has recently increased by 0.56%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Anika Therapeutics does not currently pay a dividend.
Dividend Growth
Anika Therapeutics does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Anika Therapeutics has received a 44.00% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Synthetic bone grafts", "Medical splints", and "Medical screws" products. See details.
Environmental Sustainability
The Environmental Impact score for Anika Therapeutics is -2.12.

3.5

News and Social Media Coverage

News Sentiment
Anika Therapeutics has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Anika Therapeutics this week, compared to 1 article on an average week.
MarketBeat Follows
3 people have added Anika Therapeutics to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Anika Therapeutics insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.85% of the stock of Anika Therapeutics is held by insiders.
Percentage Held by Institutions
91.53% of the stock of Anika Therapeutics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Anika Therapeutics are expected to grow by 20.54% in the coming year, from $1.12 to $1.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Anika Therapeutics is -4.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Anika Therapeutics is -4.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Anika Therapeutics has a PEG Ratio of 2.23. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Anika Therapeutics has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Anika Therapeutics Stock (NASDAQ:ANIK)

Anika Therapeutics, Inc., a joint preservation company, creates and delivers advancements in early intervention orthopedic care in the areas of osteoarthritis (OA) pain management, regenerative solutions, sports medicine, and arthrosurface joint solutions in the United States, Europe, and internationally. The company develops, manufactures, and commercializes products based on hyaluronic acid (HA) technology platform. Its OA pain management products includes Monovisc and Orthovisc, an injectable HA-based viscosupplement for the pain relief from osteoarthritis conditions; and Cingal, a single-injection OA pain management product to provide both short- and long-term pain relief. The company's joint preservation and restoration product family comprises and orthopedic regenerative solutions, including Hyalofast and Tactoset; sports medicine solutions used to repair and reconstruct damaged ligaments and tendons; and preserving joint solutions, including partial joint replacement, joint resurfacing, and invasive and bone sparing implants, which are designed to treat upper and lower extremity orthopedic conditions. In addition, it offers non-orthopedic products comprising HA-based products for non-orthopedic applications including Hyvisc, a molecular weight injectable HA veterinary product; Hyalobarrier, an anti-adhesion barrier indicated for use after abdominal-pelvic surgeries; and Hyalomatrix used for the treatment of burns and ulcers, as well as products used for the treatment of ears, nose and throat disorders, and ophthalmic products. The company was founded in 1983 and is headquartered in Bedford, Massachusetts.

ANIK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ANIK Stock News Headlines

April 9, 2024 | americanbankingnews.com

Anika Therapeutics (NASDAQ:ANIK) Stock Price Passes Above 200-Day Moving Average of $22.38

April 2, 2024 | globenewswire.com

Anika to Participate in the 23rd Annual Needham Virtual Healthcare Conference

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 28, 2024 | msn.com

Viking Therapeutics stock jumps more than 15% on promising weight loss pill data

March 16, 2024 | finance.yahoo.com

Anika Therapeutics, Inc. (NASDAQ:ANIK) Q4 2023 Earnings Call Transcript

March 15, 2024 | markets.businessinsider.com

Anika Therapeutics: Strong Q4 Performance and Upbeat FY2024 Outlook Justify Buy Rating and Raised Price Target

March 14, 2024 | finanznachrichten.de

Anika Therapeutics Inc.: Anika Reports Fourth Quarter and Year-End 2023 Financial Results

March 14, 2024 | marketwatch.com

Anika Therapeutics to Cut Workforce by 9% in Push for Profitability

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 13, 2024 | globenewswire.com

Anika Reports Fourth Quarter and Year-End 2023 Financial Results

March 12, 2024 | msn.com

Anika Therapeutics Q4 2023 Earnings Preview

March 12, 2024 | seekingalpha.com

ADC Therapeutics Q4 Earnings Preview

March 12, 2024 | benzinga.com

Earnings Outlook For Anika Therapeutics

March 8, 2024 | globenewswire.com

Anika Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

March 8, 2024 | reuters.com

Europe waits on ECB as BOJ lights up the yen

March 7, 2024 | finance.yahoo.com

Fifth Annual MedExecWomen Conference in April to Discuss This Year’s Top Opportunities in Medtech

March 7, 2024 | msn.com

Activist investor Caligan discloses 9.7% stake in Anika, nominates two director candidates

March 1, 2024 | finance.yahoo.com

Viscosupplementation Market to Reach US$ 7.81 Billion by 2030: A Comprehensive Analysis of Industry Trends, Growth Drivers, and Market Share

February 27, 2024 | globenewswire.com

Anika to Issue Fourth Quarter and Year-End 2023 Financial Results on Wednesday, March 13, 2024

February 21, 2024 | finance.yahoo.com

Anika Therapeutics Inc (AKP.BE)

February 15, 2024 | finance.yahoo.com

Stoke Therapeutics, Inc. (STOK) Stock Jumps 25.5%: Will It Continue to Soar?

February 6, 2024 | finance.yahoo.com

Pixelgen Technologies and Australian Biosearch Announce Distribution Agreement

February 6, 2024 | ca.finance.yahoo.com

Anika Therapeutics, Inc. (ANIK)

January 22, 2024 | finance.yahoo.com

Viscosupplementation Market Size Worth USD 10.51 Billion in 2032 | Emergen Research

January 18, 2024 | finance.yahoo.com

Is There An Opportunity With Anika Therapeutics, Inc.'s (NASDAQ:ANIK) 50% Undervaluation?

January 16, 2024 | finance.yahoo.com

Osteoarthritis Therapeutics Market to grow by USD 3.96 billion from 2022-2027, North America to account for 32% of market growth - Technavio

January 5, 2024 | finance.yahoo.com

Advanced Wound Care Market size to grow by USD 4.02 billion from 2022 to 2027, North America to account for 41% of market growth- Technavio

See More Headlines

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Company Calendar

Last Earnings: 3/13/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Surgical & medical instruments
Sub-Industry: Health Care Supplies
Current Symbol: NASDAQ:ANIK
CUSIP: 03525510
CIK: 898437
Web: www.anikatherapeutics.com
Phone: (781) 457-9000
Fax: 781-305-9720
Employees: 357
Year Founded: 1992

Price Target and Rating

Average Stock Price Target: $29.50
High Stock Price Target: $37.00
Low Stock Price Target: $22.00
Potential Upside/Downside: +16.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.65)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 22.60
P/E Growth: 2.23
Net Income: $-82,670,000.00
Net Margins: -49.60%
Pretax Margin: -51.20%
Return on Equity: -2.10%
Return on Assets: -1.71%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.26
Quick Ratio: 3.76

Sales & Book Value

Annual Sales: $166.66 million
Price / Sales: 2.26
Cash Flow: $4.98 per share
Price / Cash Flow: 5.08
Book Value: $14.50 per share
Price / Book: 1.75

Miscellaneous

Outstanding Shares: 14,850,000
Free Float: 13,981,000
Market Cap: $375.85 million
Optionable: Optionable
Beta: 0.76

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Key Executives

Dr. Cheryl Renee Blanchard Ph.D. (Age 60)
President, CEO & Director
Comp: $1.31M
Mr. Michael L. Levitz (Age 50)
Executive VP, CFO & Treasurer
Comp: $710.6k
Mr. David Colleran J.D. (Age 52)
Executive VP, General Counsel & Corporate Secretary
Comp: $664.54k
Ms. Anne Nunes (Age 55)
Senior VP & COO
Mr. Ian W. McLeod
VP & Chief Accounting Officer
Mr. Mark Namaroff (Age 61)
Executive Director of Investor Relations & Corporate Communications
Mr. James Chase
Senior Vice President of International Sales & Marketing
Mr. Ben Joseph
Vice President of Commercial & Corporate Development
Ms. Lisa Funiciello
Vice President of Human Resources

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ANIK Stock Analysis - Frequently Asked Questions

Should I buy or sell Anika Therapeutics stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Anika Therapeutics in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ANIK shares.
View ANIK analyst ratings or view top-rated stocks.
What is Anika Therapeutics' stock price target for 2024?: 2 analysts have issued twelve-month target prices for Anika Therapeutics' shares. Their ANIK share price targets range from $22.00 to $37.00. On average, they predict the company's stock price to reach $29.50 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for ANIK or view top-rated stocks among Wall Street analysts.
How have ANIK shares performed in 2024?: Anika Therapeutics' stock was trading at $22.66 at the beginning of 2024. Since then, ANIK shares have increased by 11.7% and is now trading at $25.31.
View the best growth stocks for 2024 here.
When is Anika Therapeutics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our ANIK earnings forecast.
How were Anika Therapeutics' earnings last quarter?: Anika Therapeutics, Inc. (NASDAQ:ANIK) released its quarterly earnings data on Wednesday, March, 13th. The biotechnology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The biotechnology company earned $42.97 million during the quarter, compared to analysts' expectations of $41.51 million. Anika Therapeutics had a negative net margin of 49.60% and a negative trailing twelve-month return on equity of 2.10%.

What ETF holds Anika Therapeutics' stock?: Invesco Nasdaq Future Gen 200 ETF holds 1,676 shares of ANIK stock, representing 0.54% of its portfolio.
What guidance has Anika Therapeutics issued on next quarter's earnings?: Anika Therapeutics issued an update on its FY 2024 earnings guidance on Wednesday, March, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $168.0 million-$173.0 million, compared to the consensus revenue estimate of $179.4 million.
What other stocks do shareholders of Anika Therapeutics own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Anika Therapeutics investors own include Alibaba Group (BABA), Broadcom (AVGO), Gilead Sciences (GILD), Micron Technology (MU), Skyworks Solutions (SWKS), Tesla (TSLA), Advanced Micro Devices (AMD), CVS Health (CVS), Enterprise Products Partners (EPD) and Ligand Pharmaceuticals (LGND).
How do I buy shares of Anika Therapeutics?: Shares of ANIK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ANIK) was last updated on 4/16/2024 by MarketBeat.com Staff

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