Aridis Pharmaceuticals Inc. (NASDAQ:ARDS)’s traded shares stood at 1.2 million during the last session, with the company’s beta value hitting 1.08. At the close of trading, the stock’s price was $0.41, to imply a decrease of -1.87% or -$0.01 in intraday trading. The ARDS share’s 52-week high remains $2.77, putting it -575.61% down since that peak but still an impressive 14.63% since price per share fell to its 52-week low of $0.35. The company has a valuation of $8.66M, with an average of 3.86 million shares in intraday trading volume over the past 10 days and average of 1.59 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Aridis Pharmaceuticals Inc. (ARDS), translating to a mean rating of 2.30. Of 3 analyst(s) looking at the stock, 0 analyst(s) give ARDS a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.41.
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Aridis Pharmaceuticals Inc. (NASDAQ:ARDS) trade information
After registering a -1.87% downside in the last session, Aridis Pharmaceuticals Inc. (ARDS) has traded red over the past five days. The stock hit a weekly high of 0.6490 this Wednesday, 03/15/23, dropping -1.87% in its intraday price action. The 5-day price performance for the stock is -21.12%, and -30.42% over 30 days. With these gigs, the year-to-date price performance is -64.91%. Short interest in Aridis Pharmaceuticals Inc. (NASDAQ:ARDS) saw shorts transact 0.65 million shares and set a 0.27 days time to cover.
Analysts on Wall Street suggest a consensus price target of $6.00, implying an increase of 93.17% to the stock’s current value. The extremes give us $2.00 and $10.00 for target low and target high price respectively. As such, ARDS has been trading -2339.02% off suggested target high and -387.8% from its likely low.
Aridis Pharmaceuticals Inc. (ARDS) estimates and forecasts
Looking at statistics comparing Aridis Pharmaceuticals Inc. share performance against respective industry, we note that the company has outperformed competitors. Aridis Pharmaceuticals Inc. (ARDS) shares are -76.20% down over the last 6 months, with its year-to-date growth rate higher than industry average at 56.10% against 9.90%. The rating firms project that company’s revenue will grow 42.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $310k.
Aridis Pharmaceuticals Inc. has its next earnings report out between March 29 and April 03. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Aridis Pharmaceuticals Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Aridis Pharmaceuticals Inc. (NASDAQ:ARDS)’s Major holders
Aridis Pharmaceuticals Inc. insiders hold 40.26% of total outstanding shares, with institutional holders owning 10.18% of the shares at 17.03% float percentage. In total, 10.18% institutions holds shares in the company, led by Commonwealth Equity Services, LLC. As of Dec 30, 2022, the company held over 0.57 million shares (or 2.31% of shares), all amounting to roughly $0.68 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 0.52 million shares, or about 2.10% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $0.49 million.
We also have Starboard Investment Tr-Roumell Opportunistic Value Fd and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Aridis Pharmaceuticals Inc. (ARDS) shares. Going by data provided on Nov 29, 2022, Starboard Investment Tr-Roumell Opportunistic Value Fd holds roughly 0.45 million shares. This is just over 1.79% of the total shares, with a market valuation of $0.41 million. Data from the same date shows that the other fund manager holds a little less at 0.39 million, or 1.56% of the shares, all valued at about 0.36 million.