Aldeyra Therapeutics Inc (NASDAQ:ALDX) traded at $4.72 at close of the session on Friday, April 05, made an upward move of 0.75% on its previous day’s price.
Looking at the stock we see that its previous close was $4.68 and the beta (5Y monthly) reads 1.52 . In terms of its 52-week price range, ALDX has a high of $11.97 and a low of $1.42. The company’s stock has gained about 20.10% over that past 30 days.
Aldeyra Therapeutics Inc has a market cap of $278.01 million and is expected to release its quarterly earnings report on May 02, 2024 – May 06, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.11, with the EPS growth for the year raised at -$0.19 for 2024 and -$0.41 for next year. These figures represent 70.30% and -115.80% growth in EPS for the two years respectively.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ALDX stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 25% Buy.
Looking further, we note the current price level is 46.70% off its SMA20 and 40.78% from its 50-day simple moving average. The RSI (14) is pointing at 78.68 while the volatility over the past week is 11.33% and jumps to 7.79% over the past one month. The beta value is 1.44, while the average true range (ATR) is currently pointing at 0.30.
Coming back to Aldeyra Therapeutics Inc (NASDAQ:ALDX), we note that the average 3-month trading volume was 556.59K, while that of the preceding 10-day period stands at 0.96 million. Current shares outstanding are 59.20 million.
The insiders hold 3.98% of the company’s shares while institutions hold 60.83%. The data shows that short shares as of Mar 15, 2024, stood at 1.83 million at a short ratio of 3.26. This represents a 3.10% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 1.93 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 34.47% up in year-to-date price movement.
