ANI Pharmaceuticals Inc (ANIP)
ANI Pharmaceuticals, Inc., a specialty pharmaceutical company, develops, manufactures, and markets brand-name and generic prescription pharmaceuticals in the United States and Canada. The company is headquartered in Baudette, Minnesota.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 52.28% per annum.
- ANIP price at the close of May 8, 2024 was $65.62 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 29.80% per annum.
- ANIP price at the close of May 8, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ANIP price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 15, 2022
End date: May 8, 2024
a = 2.1330
b = 0.0012
s = 0.0913
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 52.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0913) – 1
= 44.07%
March 15, 2022 calculations
Top border of price channel:
Exp(Y718)
= Exp(a + b × X718 + 2 × s)
= Exp(a + b × 1,041 + 2 × s)
= Exp(2.1330 + 0.0012 × 1,041 + 2 × 0.0913)
= Exp(3.5149)
= $33.61
Bottom border of price channel:
Exp(Y718)
= Exp(a + b × X718 – 2 × s)
= Exp(a + b × 1,041 – 2 × s)
= Exp(2.1330 + 0.0012 × 1,041 – 2 × 0.0913)
= Exp(3.1498)
= $23.33
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.1330 + 0.0012 × 1,826 + 2 × 0.0913)
= Exp(4.4194)
= $83.04
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.1330 + 0.0012 × 1,826 – 2 × 0.0913)
= Exp(4.0543)
= $57.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 52.28% per annum.
- ANIP price at the close of May 8, 2024 was $65.62 and was inside the primary price channel.
Secondary Trend
Start date: March 18, 2024
End date: May 8, 2024
a = 5.9510
b = -0.0010
s = 0.0152
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -29.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0152) – 1
= 6.28%
March 18, 2024 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,775 + 2 × s)
= Exp(5.9510 + -0.0010 × 1,775 + 2 × 0.0152)
= Exp(4.2607)
= $70.86
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,775 – 2 × s)
= Exp(5.9510 + -0.0010 × 1,775 – 2 × 0.0152)
= Exp(4.1998)
= $66.67
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.9510 + -0.0010 × 1,826 + 2 × 0.0152)
= Exp(4.2112)
= $67.44
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.9510 + -0.0010 × 1,826 – 2 × 0.0152)
= Exp(4.1503)
= $63.45
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 29.80% per annum.
- ANIP price at the close of May 8, 2024 was inside the secondary price channel.