Aptose Biosciences Inc (NASDAQ:APTO) price on Thursday, March 28, rose 10.67% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.66.
A look at the stock’s price movement, the close in the last trading session was $1.50. The beta value (5-Year monthly) was 1.44. Turning to its 52-week performance, $10.12 and $1.36 were the 52-week high and 52-week low respectively. Overall, APTO moved -10.27% over the past month.
Aptose Biosciences Inc’s market cap currently stands at around $26.08 million, with investors looking forward to this quarter’s earnings report slated for May 06, 2024 – May 10, 2024. Analysts project the company’s earnings per share (EPS) to be -$0.88, which has seen fiscal year 2024 EPS growth forecast to increase to -$5.11 and about -$2.57 for fiscal year 2025. Per the data, EPS growth is expected to be 32.60% for 2024 and 49.70% for the next financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that APTO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
APTO’s current price about 4.04% and -9.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.91, while 7-day volatility ratio is 8.59% and 8.56% in the 30-day chart. Further, Aptose Biosciences Inc (APTO) has a beta value of 1.27, and an average true range (ATR) of 0.14.
If we refocus on Aptose Biosciences Inc (NASDAQ:APTO), historical trading data shows that trading volumes averaged 73670.0 over the past 10 days and 90.94K over the past 3 months. The company’s latest data on shares outstanding shows there are 15.71 million shares.
The 40.57% of Aptose Biosciences Inc’s shares are in the hands of company insiders while institutional holders own 7.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 50180.0 on Mar 15, 2024, giving us a short ratio of 0.61. The data shows that as of Mar 15, 2024 short interest in Aptose Biosciences Inc (APTO) stood at 0.32% of shares outstanding, with shares short falling to 90550.0 registered in Feb 15, 2024. Current price change has pushed the stock -34.65% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the APTO stock continues to rise going into the next quarter.
