The trading price of Aditxt Inc (NASDAQ:ADTX) floating higher at last check on Tuesday, April 02, closing at $3.80, 19.50% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $76.40 and a 52-week low of $2.95. Over the past month, the stock has gained 11.44% in value.
Aditxt Inc, whose market valuation is $7.45 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2023 and $0 for 2024.
Analysts have forecast the company to bring in revenue of $140k for the current quarter, with the likely lows of $140k and highs of $140k. The average estimate suggests sales will likely down by -24.70% 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 2023 is $700k. The company’s revenue is forecast to drop by -25.10% over what it did in 2023.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Aditxt Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ADTX has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that ADTX’s price is currently 12.00% off the SMA20 and 4.92% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.31, and weekly volatility stands at 8.57%. When measured over the past 30 days, the indicator reaches 7.53%. Aditxt Inc (NASDAQ:ADTX)’s beta value is currently sitting at 1.02, while the Average True Range indicator is currently displaying 0.42.
To see how Aditxt Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: ADTX stock’s performance was 19.50% at last check in today’s session, and -89.43% in the past year.
An evaluation of the daily trading volume of Aditxt Inc (NASDAQ:ADTX) indicates that the 3-month average is 141.85K. However, this figure has increased over the past 10 days to an average of 90960.0.
Currently, records show that 1.96 million of the company’s shares remain outstanding. The insiders hold 0.07% of outstanding shares, whereas institutions hold 1.36%. The stats also highlight that short interest as of Mar 15, 2024, stood at 35050.0 shares, resulting in a short ratio of 0.31 at that time. From this, we can conclude that short interest is 2.10% 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 37550.0. However, since the stock’s price has seen -42.68% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
