Understanding the Financial Health of Alder Biopharmaceuticals, Inc. (NASDAQ:ALDR)

The fund bought 53,453 shares of the biopharmaceutical company's stock, valued at approximately $612,000. Bank of Montreal Can boosted its position in Alder BioPharmaceuticals by 3,047.2% during the first quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Alder Biopharmaceuticals during the fourth quarter worth about $334,000. SG Americas Securities LLC boosted its position in Alder BioPharmaceuticals by 109.4% during the second quarter. Alder BioPharmaceuticals, Inc. has a 52-week low of 8.60 and a 52-week high of 34.30.

Cowen & Co. "Initiates Coverage On" Alder Biopharma Cmn (NASDAQ:ALDR) in a research note issued to investors on 9/26/17 to Outperform with price target of $20. Institutional investors own 76.16% of the company's stock.

06/27/2017 - Alder BioPharmaceuticals, Inc. had its "outperform" rating reiterated by analysts at Wells Fargo. If you are accessing this piece on another site, it was illegally stolen and republished in violation of worldwide copyright laws. Alder BioPharmaceuticals, Inc. was incorporated in 2002 and is headquartered in Bothell, Washington.

Let's take a look at how the stock has been performing recently. The 50 day moving average was up $2.71 or +26.26% whereas the 200 day average was down by -12.29%. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. The Director now owns $50,000 of the stock according to the SEC filing.

Shares of Alder BioPharmaceuticals, Inc. The company has market cap of $863.35 million.

The stock is trading at $13.05 quite a bit higher than $10.34, the stock's 50 day moving average and impressively lower than the 200 day moving average of $14.88. (NASDAQ:ALDR) had a closing price of $12.45 yesterday. The biopharmaceutical company reported ($1.48) earnings per share for the quarter, topping the consensus estimate of ($1.67) by $0.19. The company had revenue of $0.68 million for the quarter. The firm's quarterly revenue was up 518.2% compared to the same quarter a year ago.

On the other hand the company has Relative Strength Index (RSI 14) of 82.46 along with Average True Range (ATR 14) of 0.58, Consequently Alder Biopharma Cmn (NASDAQ:ALDR)'s weekly and monthly volatility is 5.78%, 5.66% respectively.

A number of research firms have commented on ALDR. BidaskClub raised Alder BioPharmaceuticals from a "strong sell" rating to a "sell" rating in a research report on Friday, August 25th.

09/13/2016 - JP Morgan began new coverage on Alder BioPharmaceuticals, Inc. giving the company a "overweight" rating. Of the analysts surveyed by Reuters that track Tronox Limited 0 of them rate its stock a hold. Jefferies Group LLC reaffirmed a "buy" rating and set a $43.00 target price on shares of Alder Biopharmaceuticals in a research report on Monday, April 17th. Credit Suisse maintained Alder Biopharmaceuticals Inc (NASDAQ:ALDR) rating on Thursday, August 24. A 9 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of ALDR or, if they already own its stock, sell it. It opened the session with a $12.45 price tag, later ranging from $12.35 to $13.25, the range at which the stock has traded at throughout the day. It also develops ALD1910, a genetically engineered monoclonal antibody that is in preclinical study for the treatment of migraine; and Clazakizumab, an antibody, which has been completed Phase IIb clinical trial that inhibits the pro-inflammatory cytokine interleukin-6 for the treatment of rheumatoid and psoriatic arthritis. Alder's lead pivotal-stage product candidate, eptinezumab, is being evaluated for migraine prevention.

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