During the last session, Affimed N.V. (NASDAQ:AFMD)’s traded shares were 1.15 million, with the beta value of the company hitting 2.50. At the end of the trading day, the stock’s price was $0.87, reflecting an intraday loss of -10.07% or -$0.1. The 52-week high for the AFMD share is $3.40, that puts it down -290.8 from that peak though still a striking 36.78% gain since the share price plummeted to a 52-week low of $0.55. The company’s market capitalization is $116.86M, and the average intraday trading volume over the past 10 days was 0.85 million shares, and the average trade volume was 738.43K shares over the past three months.
Affimed N.V. (AFMD) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.90. AFMD has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.21.
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Affimed N.V. (NASDAQ:AFMD) trade information
Affimed N.V. (AFMD) registered a -10.07% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.07% in intraday trading to $0.87 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -9.72%, and it has moved by -5.88% in 30 days. Based on these gigs, the overall price performance for the year is -72.01%. The short interest in Affimed N.V. (NASDAQ:AFMD) is 5.48 million shares and it means that shorts have 7.76 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.08, which implies an increase of 85.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.93 and $12.06 respectively. As a result, AFMD is trading at a discount of -1286.21% off the target high and -6.9% off the low.
Affimed N.V. (AFMD) estimates and forecasts
Statistics show that Affimed N.V. has underperformed its competitors in share price, compared to the industry in which it operates. Affimed N.V. (AFMD) shares have gone down -59.19% during the last six months, with a year-to-date growth rate less than the industry average at -36.51% against 11.40. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -61.50% this quarter and then drop -66.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -53.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $4.77 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $5.05 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $7.44 million and $7.8 million respectively. In this case, analysts expect current quarter sales to shrink by -35.90% and then drop by -35.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.60%. While earnings are projected to return -25.50% in 2023.
Affimed N.V. is due to release its next quarterly earnings between August 09 and August 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Affimed N.V. (NASDAQ:AFMD)’s Major holders
Affimed N.V. insiders own 4.70% of total outstanding shares while institutional holders control 61.92%, with the float percentage being 64.98%. 683 Capital Management LLC is the largest shareholder of the company, while 162 institutions own stock in it. As of Mar 30, 2023, the company held over 9.0 million shares (or 9.17% of all shares), a total value of $6.71 million in shares.
The next largest institutional holding, with 8.21 million shares, is of Blackrock Inc.’s that is approximately 8.36% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $6.12 million.
Also, the Mutual Funds coming in first place with the largest holdings of Affimed N.V. (AFMD) shares are iShares Russell 2000 ETF and JNL Series Trust-JNL/Multi Manager Small Cap GrowthFd. Data provided on Feb 27, 2023 indicates that iShares Russell 2000 ETF owns about 3.26 million shares. This amounts to just over 3.32 percent of the company’s overall shares, with a $2.96 million market value. The same data shows that the other fund manager holds slightly less at 1.46 million, or about 1.49% of the stock, which is worth about $1.81 million.