Economy

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.



Like this

Latest


08 October 2017
CF Industries Holdings, Shares Recommendation Reiterated by UBS AG
Following the completion of the sale, the vice president now owns 59,732 shares in the company, valued at $1,883,349.96. Financial Architects Inc boosted its holdings in shares of CF Industries Holdings by 22.5% during the second quarter.

08 October 2017
'Justice League' Trailer Takes on the End of the World
Hence getting Joss Whedon in to finish the film and reportedly engaging in last minute reshoots to inject a couple of gags. Together, Batman and Wonder Woman work quickly to recruit a team to stand against this newly awakened enemy.

08 October 2017
Joshua Onomah strike inspires England to Scotland win
And Boothroyd did not rule out the possibility of some of his young guns making the plane to Russian Federation next summer. It's one of those that it hits a steward or it goes in the top corner.

08 October 2017
Court stops Catalan Parliament from declaring independence from Spain
The most recent polls taken before the referendum showed that the region's 7.5 million residents were roughly split on the issue. Similar protests were also held in Valencia (south-east), and Zaragoza and Valladolid (north), among others.

08 October 2017
Quick, you've got to spend £400m by next Sunday! Just one week is left until the old round £1 coins are phased out
The old "round pound" has been replaced with the shiny 12-sided coin, which was released into circulation on 28 March 2017. The exchequer secretary to the Treasury warned in August that half of the coins being returned were the wrong one .

08 October 2017
Star Wars: The Last Jedi Tickets To Go On Sale October 9th
Readers have the option of going over to the nearest movie theater and get the tickets from there. That is what happened when tickets for " The Force Awakens " went on sale.

08 October 2017
Trump says giving peace a chance before USA embassy move to Jerusalem
The new TBN talk show "Huckabee" will showcase stories that reveal "what makes America so wonderful ". The President conceded, however, that "everybody says it is not going to work".

08 October 2017
Deutsche Bank AG (DBK) Receives €15.51 Consensus PT from Brokerages
The American Assets Investment Management Llc holds 150,000 shares with $2.67 million value, up from 100,000 last quarter. After $0.66 actual EPS reported by Expedia Inc for the previous quarter, Wall Street now forecasts 239.39% EPS growth.

08 October 2017
CyrusOne Inc (NASDAQ:CONE) Sees Significantly Lower Trading Volume
Following the completion of the sale, the insider now owns 227,563 shares of the company's stock, valued at $11,582,956.70. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 2,508 shares.

08 October 2017
New start time announced for Sunday's Bank of America 500
Earnhardt drove into the high line of the track and slipped in the grippy substance Charlotte officials had used on the surface. The Mooresville Blue Devils football team took part in the announcement.



Recommended