Anika Therapeutics Stock Buy Hold or Sell Recommendation
| ANIK Stock | USD 25.97 0.40 1.56% |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Anika Therapeutics is 'Hold'. Macroaxis provides Anika Therapeutics buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ANIK positions. The advice algorithm takes into account all of Anika Therapeutics' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Anika Therapeutics' buy or sell advice are summarized below:
Real Value 25.85 | Target Price 26.33 | Hype Value 25.99 | Market Value 25.97 | Naive Value 25.7 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Anika Therapeutics given historical horizon and risk tolerance towards Anika Therapeutics. When Macroaxis issues a 'buy' or 'sell' recommendation for Anika Therapeutics, the advice is generated through an automated system that utilizes algorithms and statistical models.
Anika |
Execute Anika Therapeutics Buy or Sell Advice
The Anika recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Anika Therapeutics. Macroaxis does not own or have any residual interests in Anika Therapeutics or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Anika Therapeutics' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Anika Therapeutics Trading Alerts and Improvement Suggestions
| The company reported the previous year's revenue of 166.66 M. Net Loss for the year was (82.67 M) with profit before overhead, payroll, taxes, and interest of 96.78 M. | |
| Anika Therapeutics currently holds about 87.78 M in cash with (1.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.01. | |
| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Anika Therapeutics shareholders have endured a 37 percent loss from investing in the stock three years ago |
Anika Therapeutics Returns Distribution Density
The distribution of Anika Therapeutics' historical returns is an attempt to chart the uncertainty of Anika Therapeutics' future price movements. The chart of the probability distribution of Anika Therapeutics daily returns describes the distribution of returns around its average expected value. We use Anika Therapeutics price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Anika Therapeutics returns is essential to provide solid investment advice for Anika Therapeutics.
| Mean Return | 0.17 | Value At Risk | -2.61 | Potential Upside | 3.67 | Standard Deviation | 1.85 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Anika Therapeutics historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Anika Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Anika Therapeutics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Anika Therapeutics backward and forwards among themselves. Anika Therapeutics' institutional investor refers to the entity that pools money to purchase Anika Therapeutics' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2023-12-31 | 318.9 K | State Street Corporation | 2023-12-31 | 309 K | Nuveen Asset Management, Llc | 2023-12-31 | 265.5 K | Arrowstreet Capital Limited Partnership | 2023-12-31 | 222.5 K | Invenomic Capital Management, Lp | 2023-12-31 | 210.3 K | Alta Fundamental Advisers Llc | 2023-12-31 | 192.5 K | D. E. Shaw & Co Lp | 2023-09-30 | 192.1 K | Goldman Sachs Group Inc | 2023-12-31 | 161.5 K | Northern Trust Corp | 2023-12-31 | 137.4 K | Trigran Investments Inc | 2023-12-31 | 2.1 M | Blackrock Inc | 2023-12-31 | 1.4 M |
Anika Therapeutics Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (5.6M) | (14.2M) | (6.6M) | (6.9M) | (11.4M) | (10.8M) | |
| Change In Cash | 68.4M | (61.6M) | (1.4M) | (8.1M) | (13.5M) | (12.8M) | |
| Free Cash Flow | 34.2M | 11.4M | 3.3M | (3.1M) | (7.2M) | (6.9M) | |
| Depreciation | 6.0M | 13.5M | 14.3M | 14.5M | 14.2M | 14.9M | |
| Other Non Cash Items | 3.6M | 35.2M | (4.7M) | 7.6M | 69.9M | 73.3M | |
| Capital Expenditures | 2.8M | 1.6M | 5.1M | 7.5M | 5.4M | 4.0M | |
| Net Income | 27.2M | (24.0M) | 4.1M | (14.9M) | (82.7M) | (78.5M) | |
| End Period Cash Flow | 157.5M | 95.8M | 94.4M | 86.3M | 72.9M | 54.9M | |
| Change To Netincome | 9.3M | 24.5M | (3.5M) | 14.8M | 17.0M | 17.8M | |
| Change Receivables | (1.8M) | 5.9M | (6.2M) | (5.6M) | (5.1M) | (4.8M) | |
| Investments | 42.5M | 25.0M | 2.5M | (7.5M) | (6.1M) | (5.8M) |
Anika Therapeutics Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Anika Therapeutics or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Anika Therapeutics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Anika stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.08 | |
β | Beta against NYSE Composite | 0.97 | |
σ | Overall volatility | 1.71 | |
Ir | Information ratio | 0.04 |
Anika Therapeutics Volatility Alert
Anika Therapeutics has relatively low volatility with skewness of 0.24 and kurtosis of -0.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Anika Therapeutics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Anika Therapeutics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Anika Therapeutics Fundamentals Vs Peers
Comparing Anika Therapeutics' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Anika Therapeutics' direct or indirect competition across all of the common fundamentals between Anika Therapeutics and the related equities. This way, we can detect undervalued stocks with similar characteristics as Anika Therapeutics or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Anika Therapeutics' fundamental indicators could also be used in its relative valuation, which is a method of valuing Anika Therapeutics by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Anika Therapeutics to competition |
| Fundamentals | Anika Therapeutics | Peer Average |
| Return On Equity | -0.33 | -0.31 |
| Return On Asset | -0.0236 | -0.14 |
| Profit Margin | (0.50) % | (1.27) % |
| Operating Margin | 0.57 % | (5.51) % |
| Current Valuation | 331.08 M | 16.62 B |
| Shares Outstanding | 14.85 M | 571.82 M |
| Shares Owned By Insiders | 3.25 % | 10.09 % |
| Shares Owned By Institutions | 94.31 % | 39.21 % |
| Number Of Shares Shorted | 811.11 K | 4.71 M |
| Price To Earning | 42.30 X | 28.72 X |
| Price To Book | 1.75 X | 9.51 X |
| Price To Sales | 2.23 X | 11.42 X |
| Revenue | 166.66 M | 9.43 B |
| Gross Profit | 96.78 M | 27.38 B |
| EBITDA | (11.21 M) | 3.9 B |
| Net Income | (82.67 M) | 570.98 M |
| Cash And Equivalents | 87.78 M | 2.7 B |
| Cash Per Share | 6.01 X | 5.01 X |
| Total Debt | 29.04 M | 5.32 B |
| Debt To Equity | 0.11 % | 48.70 % |
| Current Ratio | 6.37 X | 2.16 X |
| Book Value Per Share | 14.48 X | 1.93 K |
| Cash Flow From Operations | (1.79 M) | 971.22 M |
| Short Ratio | 10.26 X | 4.00 X |
| Earnings Per Share | (5.64) X | 3.12 X |
| Price To Earnings To Growth | 2.23 X | 4.89 X |
| Target Price | 30.33 | |
| Number Of Employees | 357 | 18.84 K |
| Beta | 0.75 | -0.15 |
| Market Capitalization | 379.71 M | 19.03 B |
| Total Asset | 270.63 M | 29.47 B |
| Retained Earnings | 128.05 M | 9.33 B |
| Working Capital | 132.25 M | 1.48 B |
Note: Disposition of 1725 shares by Michael Levitz of Anika Therapeutics at 25.42 subject to Rule 16b-3 [view details]
Anika Therapeutics Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Anika . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Anika Therapeutics Buy or Sell Advice
When is the right time to buy or sell Anika Therapeutics? Buying financial instruments such as Anika Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 19.2M | 30.9M | 29.0M | 14.7M | Total Assets | 347.5M | 349.1M | 270.6M | 148.0M |
Use Investing Ideas to Build Portfolios
In addition to having Anika Therapeutics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Cash Cows Thematic Idea Now
Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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Check out Anika Therapeutics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Anika Stock please use our How to buy in Anika Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Anika Stock analysis
When running Anika Therapeutics' price analysis, check to measure Anika Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Anika Therapeutics is operating at the current time. Most of Anika Therapeutics' value examination focuses on studying past and present price action to predict the probability of Anika Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anika Therapeutics' price. Additionally, you may evaluate how the addition of Anika Therapeutics to your portfolios can decrease your overall portfolio volatility.
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Is Anika Therapeutics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Anika Therapeutics. If investors know Anika will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Anika Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.51) | Earnings Share (5.64) | Revenue Per Share 11.372 | Quarterly Revenue Growth 0.085 | Return On Assets (0.02) |
The market value of Anika Therapeutics is measured differently than its book value, which is the value of Anika that is recorded on the company's balance sheet. Investors also form their own opinion of Anika Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Anika Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Anika Therapeutics' market value can be influenced by many factors that don't directly affect Anika Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Anika Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Anika Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anika Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.