Time for Investors to Take the Plunge on Athersys, Inc. (NASDAQ:ATHX)

Equity Research firms currently have a positive stance on shares of Athersys, Inc. (NASDAQ:ATHX). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $7.67 on a short term basis.

At the time of writing, the stock was trading at $2.05. This represents a change from the opening price of -1.68%. In terms of performance, year to date, the stock is 100.00%. The monthly stock performance comes in at 6.19%. For the quarter, shares are performing at -9.65%. Weekly performance analysis shows the equity at 5.10%.

In taking a look at technical levels, shares are trading 1.40% away from the 50 day simple moving average and 5.16% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -29.48% away from it’s 52- week high and 117.55% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Athersys, Inc.’s RSI stands at 52.77. In looking at volatility levels, the shares saw weekly volatility of 6.22% and 4.18% over the past month.

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