Why Athersys, Inc. (ATHX) Could Be Positioned for a Surge

Athersys, Inc. ATHX is a Biomedical and Genetics company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ATHX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Athersys could be a solid choice for investors.

Current Quarter Estimates for ATHX

In the past 30 days, one estimate has gone higher for Athersys while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to a loss of 6 cents today, a move of 14.3%.

Current Year Estimates for ATHX

Meanwhile, Athersys’s current year figures are also looking quite promising, with one estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 29 cents per share 30 days ago to a loss of 25 cents per share today, an increase of 13.8%.

Athersys, Inc. Price and Consensus

Athersys, Inc. Price and Consensus | Athersys, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 5.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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