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Applied UV Inc (NASDAQ: AUVI) Is Under Pressure Due To Weak Fundamental Momentum.

In the latest trading session, 14.62 million Applied UV Inc (NASDAQ:AUVI) shares changed hands as the company’s beta touched -1.18. With the company’s most recent per share price at $0.14 changed hands at -$0.01 or -6.95% at last look, the market valuation stands at $1.39M. AUVI’s current price is a discount, trading about -6828.57% off its 52-week high of $9.70. The share price had its 52-week low at $0.14. When we look at Applied UV Inc’s average trading volume, we note the 10-day average is 2.51 million shares, with the 3-month average coming to 2.17 million.

Analysts gave the Applied UV Inc (AUVI) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AUVI as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Applied UV Inc’s EPS for the current quarter is expected to be $0.

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Applied UV Inc (NASDAQ:AUVI) trade information

Instantly AUVI was in red as seen in intraday trades today. With action -48.98%, the performance over the past five days has been red. The drop to weekly highs of 0.2699 on Friday, 11/17/23 subtracted -6.95% to the stock’s daily price. The company’s shares are showing year-to-date downside of -96.96%, with the 5-day performance at -48.98% in the red. However, in the 30-day time frame, Applied UV Inc (NASDAQ:AUVI) is -44.69% down. Looking at the short shares, we see there were 0.2 million shares sold at short interest cover period of 0.04 days.

The consensus price target for the stock as assigned by Wall Street analysts is $12.50, meaning bulls need an upside of 98.88% from its recent market value. According to analyst projections, AUVI’s forecast low is $12.50 with $12.50 as the target high. To hit the forecast high, the stock’s price needs a -8828.57% plunge from its current level, while the stock would need to soar -8828.57% for it to hit the projected low.

Applied UV Inc (AUVI) estimates and forecasts

Year-over-year growth is forecast to reach 115.00% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $10.84 million. 1 analysts are of the opinion that Applied UV Inc’s revenue for the quarter ending Sep 2023 will be $11.45 million. The company’s revenue for the corresponding quarters a year ago was $5.91 million and $5.88 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 83.60%. The estimates for the next quarter sales put growth at 94.80%.

Applied UV Inc (NASDAQ:AUVI)’s Major holders

Osaic Holdings Inc holds the second largest percentage of outstanding shares, with 0.39% or 34445.0 shares worth $31951.0 as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Extended Market Index Fund and Vanguard Total Stock Market Index Fund. With 8125.0 shares estimated at $7536.0 under it, the former controlled 0.09% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 0.09% of the shares, roughly 7719.0 shares worth around $7160.0.

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