Akorn (AKRX) manufactures and markets a range of diagnostic and therapeutic ophthalmic pharmaceuticals, as well as niche hospital drugs and injectable pharmaceuticals. This stock is trading up 1.5% at $10.82 in recent trading after hitting a 52-week high of $11.14 earlier in the day.
Today's Range: $10.73-$11.1452-Week Range: $4.87-$11.14 Volume: 470,000 Three-Month Average Volume: 1.2 million Akorn has a market cap of $1.03 billion and an enterprise value of $982 million. The stock trades at a trailing price-to-earnings of 19.1 and a forward price-to-earnings of 29.27. Its estimated growth rate for this year is 72.2%, and for next year it's pegged at 19.4%. The current short interest as a percentage of the float for Akorn is notable at 8%. From a technical standpoint, AKRX is quickly approaching a big breakout trade if the stock can manage to clear some near-term overhead resistance at $11.14. Market players should now look for a sustained high-volume move and close above $11.14. Look for volume on that potential breakout that hits near or above 1.2 million shares. If we get that action, then this stock should continue to trend significantly higher.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV