Analysts Are Gushing Over Novartis AG (NVS), Athersys, Inc. (ATHX)

Novartis AG (NYSE:NVS) last session’s volume of 1.55 million shares was lower than its average volume of 1.86 million shares. The stock, after opening at $83.65, hit $83.98 through the close by scoring 1.16%.

Novartis AG (NVS) Analyst Opinion

Novartis AG has a consensus outperform rating from 3 Wall Street analysts, and the number of shares currently sold short amount to at least 0.06% of shares outstanding. The stock sank -2.53% last month and is up 15.29 this year. Wall Street is only getting more bullish on the stock, with 1 of analysts who cover NVS having a buy-equivalent rating. Analysts have placed a $93 price target on Novartis AG, suggesting a 10.74% gain from recent close. It’s currently trading about -3.36% below its 52-week high.

Novartis AG Earnings Surprise

Novartis AG (NVS) surprised the stock market in its last reported earnings when it earned $1.29 a piece versus the consensus-estimated $1.25. Its revenue totaled $12.31 billion up 0.54% from the previous quarter.

Novartis AG (NYSE:NVS) Intraday View

This stock (NVS) is ahead of its 52-week low with 25.47%. Its last month’s stock price volatility remained 0.68% which for the week stands at 0.9%. The share price has moved forward from its 20 days moving average, trading at a distance of 1.4% and stays -0.73% away from its 50 days moving average. Over the last five days, shares have managed 1.94% gains and now is up 3.86% since hitting its 200-day moving average of $83.28. Novartis AG (NVS) has made its way to a 12-month gain of 15.77%.

Turning to Athersys, Inc. (NASDAQ:ATHX), its shares were trading at $1.84 a retreat of $0, on the trading floor. The stock, after opening at $1.82, touched a high of $1.8675 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.5. Athersys, Inc. has 2 buy ratings, 0 holds and 0 sells even after the stock tumbled -30.04% from its high of $2.63 to a $208.51 million market value through last close.

Athersys, Inc. (ATHX) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.5 to 1.5 during a month. Analysts set a 12-month price target of $7.75 a share. The target implies a 321.2% spike from where the shares are currently trading. Also, the current price highlights a discount of 552.17% to analysts’ high consensus price target.

Athersys, Inc. (NASDAQ:ATHX) Intraday Trading

The counter witnessed a trading volume of 0.3 million shares versus an average volume of 1.16 million shares during last trading session. Its last month’s stock price volatility remained 4.39% which for the week approaches 5.04%. The lowest price the stock reached in the last trading day was $1.82 and compares with the $1.02 52-week low. The stock recovered 80.39% since its low point and has performed 20.26% year-to-date.

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