Aquestive Therapeutics Inc (NASDAQ:AQST) price on Thursday, May 09,rose 6.65% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.29.
A look at the stock’s price movement, the close in the last trading session was $3.09. Turning to its 52-week performance, $6.23 and $1.25 were the 52-week high and 52-week low respectively. Overall, AQST moved -19.16% over the past month.
Aquestive Therapeutics Inc’s market cap currently stands at around $299.52 million.
Analysts have a consensus estimate of 12.47M for the company’s revenue for the quarter, with a low and high estimate of 11.7M and 13.08M respectively. The average forecast suggests down to a -5.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 50.1M, representing a 14.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AQST is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
AQST’s current price about -13.53% and -22.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.29, while 7-day volatility ratio is 9.08% and 9.63% in the 30-day chart. Further, Aquestive Therapeutics Inc (AQST) has a beta value of 2.84, and an average true range (ATR) of 0.37.
If we refocus on Aquestive Therapeutics Inc (NASDAQ:AQST), historical trading data shows that trading volumes averaged 2.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 91.04 million shares.
The 11.31% of Aquestive Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 26.71% of the company’s shares. Current price change has pushed the stock 62.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AQST stock continues to rise going into the next quarter.
