Achaogen Inc. (AKAO) Trading Up 4.7%
Achaogen Inc. (NASDAQ:AKAO)’s share price was up 4.7% during trading on Wednesday . The stock traded as high as $4.00 and last traded at $3.99, with a volume of 95,784 shares changing hands. The stock had previously closed at $3.81.
Several equities analysts have recently commented on AKAO shares. Wedbush restated a “neutral” rating and issued a $7.00 price objective on shares of Achaogen in a research report on Friday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Achaogen in a research report on Monday, May 9th. Cowen and Company downgraded Achaogen from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 31st. Finally, Zacks Investment Research upgraded Achaogen from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Wednesday, July 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.63.
The company’s market cap is $73.45 million. The firm has a 50 day moving average of $3.98 and a 200 day moving average of $3.62.
Achaogen, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of antibacterials to treat multi-drug resistant (MDR) gram-negative infections. The Company is developing plazomicin, its lead product candidate, for the treatment of serious bacterial infections due to MDR Enterobacteriaceae, including carbapenem-resistant enterobacteriaceae (CRE).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.