Momentum Stock Watch: Alnylam Pharmaceuticals (ALNY)

Company Profile:

Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, focuses on discovering, developing, and commercializing RNA interference (RNAi) therapeutics. The company’s pipeline of investigational RNAi therapeutics focus on genetic medicines, cardio-metabolic diseases, hepatic infectious diseases, and central nervous system/ocular diseases. Its marketed products include ONPATTRO (patisiran), a lipid complex injection for the treatment of the polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults; and GIVLAARI for the treatment of adults with acute hepatic porphyria (AHP). The company was founded in 2002 and is headquartered in Cambridge, Massachusetts.

Recent News:

On January 8, 2021, the company announced positive top-line results from the phase III -HELIOS-A study of vutrisiran, an investigational RNAi therapeutic in development for the treatment of transthyretin-mediated (ATTR) amyloidosis with polyneuropathy.

The company today announced its new 5-year strategy “Alnylam P5x25” focused on the Company’s planned transition to a top-5 biotech in the next 5 years through: sustainable innovation yielding transformative medicines for rare and common diseases for patients around the world and delivery of exceptional financial performance.

The company reported preliminary global net product revenues for the fourth quarter and full year 2020 were approximately $22 million and $55 million, respectively. These results represent greater than 30 percent quarter over quarter growth.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ALNY’s strengths can be seen in its strong growth compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, the RSI stands at around 66.86 with positive bias. We rate Alnylam Pharmaceuticals (ALNY) a STRONG BUY.