The trading price of Applied Therapeutics Inc (NASDAQ:APLT) floating lower at last check on Monday, April 01, closing at $6.35, -6.62% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $9.39 and a 52-week low of $0.76. Over the past month, the stock has lost -10.81% in value.
Applied Therapeutics Inc, whose market valuation is $672.40 million at the time of this writing, is expected to release its quarterly earnings report May 09, 2024 – May 13, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.14 per share this quarter, however they have predicted annual earnings per share of -$0.72 for 2024 and -$0.39 for 2025. It means analysts are expecting annual earnings per share growth of 49.30% this year and 45.80% next year.
The average estimate suggests sales will likely down by -68.80% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $7.73 million. The company’s revenue is forecast to drop by -22.60% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Applied Therapeutics Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest APLT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that APLT’s price is currently -2.47% off the SMA20 and 30.42% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.08, and weekly volatility stands at 6.68%. When measured over the past 30 days, the indicator reaches 9.08%. Applied Therapeutics Inc (NASDAQ:APLT)’s beta value is currently sitting at 1.81, while the Average True Range indicator is currently displaying 0.61.
To see how Applied Therapeutics Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: APLT stock’s performance was -6.62% at last check in today’s session, and 661.57% in the past year.
An evaluation of the daily trading volume of Applied Therapeutics Inc (NASDAQ:APLT) indicates that the 3-month average is 2.21 million. However, this figure has increased over the past 10 days to an average of 0.97 million.
Currently, records show that 84.87 million of the company’s shares remain outstanding. The insiders hold 29.89% of outstanding shares, whereas institutions hold 56.10%. The stats also highlight that short interest as of Mar 15, 2024, stood at 3.79 million shares, resulting in a short ratio of 1.05 at that time. From this, we can conclude that short interest is 3.58% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 3.87 million. However, since the stock’s price has seen 89.55% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
