Is Alkermes (ALKS) Stock Undervalued Right Now?

Core Insights - Alkermes (ALKS) is currently rated with a Zacks Rank 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4][3] - The stock's Forward P/E ratio is 15.85, significantly lower than the industry average of 39.01, suggesting it may be undervalued [4] - ALKS has a PEG ratio of 1.29, compared to the industry's average of 2.83, indicating favorable earnings growth relative to its price [5] - The P/B ratio for ALKS is 2.82, which is lower than the industry average of 3.42, further supporting its value proposition [6] - The P/S ratio stands at 3.4, compared to the industry's average of 6.84, reinforcing the notion that ALKS is undervalued [7] - Overall, the combination of these metrics suggests that ALKS is an impressive value stock with a strong earnings outlook [8]