Aadi Bioscience Inc (NASDAQ:AADI)’s traded shares stood at 0.7 million during the last session, with the company’s beta value hitting 0.67. At the close of trading, the stock’s price was $1.58, to imply an increase of 1.94% or $0.03 in intraday trading. The AADI share’s 52-week high remains $7.24, putting it -358.23% down since that peak but still an impressive 23.42% since price per share fell to its 52-week low of $1.21. The company has a valuation of $38.88M, with an average of 0.56 million shares in intraday trading volume over the past 10 days and average of 272.34K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Aadi Bioscience Inc (AADI), translating to a mean rating of 2.20. Of 1 analyst(s) looking at the stock, 0 analyst(s) give AADI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 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 -0.47.
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Aadi Bioscience Inc (NASDAQ:AADI) trade information
After registering a 1.94% upside in the last session, Aadi Bioscience Inc (AADI) has traded red over the past five days. The 5-day price performance for the stock is 7.48%, and -1.86% over 30 days. With these gigs, the year-to-date price performance is -21.78%. Short interest in Aadi Bioscience Inc (NASDAQ:AADI) saw shorts transact 0.19 million shares and set a 1.19 days time to cover.
The extremes give us $1.5 and $1.5 for target low and target high price respectively. As such, AADI has been trading 5.06% off suggested target high and 5.06% from its likely low.
Aadi Bioscience Inc (AADI) estimates and forecasts
Looking at statistics comparing Aadi Bioscience Inc share performance against respective industry, we note that the company has underperformed competitors. Aadi Bioscience Inc (AADI) shares are -16.84% down over the last 6 months, with its year-to-date growth rate lower than industry average at 15.98% against 18.60%. Revenue is forecast to grow 21.70% this quarter before jumping 33.30% for the next one. The rating firms project that company’s revenue will grow 2.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 6.58M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 6.89M.Earnings reports from the last fiscal year show that sales brought in 6.61M and 6.33M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.50% before jumping 8.90% in the following quarter.
AADI Dividends
Aadi Bioscience Inc has its next earnings report out on 2024-Nov-06. 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.
Aadi Bioscience Inc (NASDAQ:AADI)’s Major holders
Aadi Bioscience Inc insiders hold 10.79% of total outstanding shares, with institutional holders owning 46.92% of the shares at 52.60% float percentage. In total, 46.92% institutions holds shares in the company, led by AVORO CAPITAL ADVISORS LLC. As of 2024-06-30, the company held over 2.85 million shares (or 10.5609% of shares), all amounting to roughly $4.16 million.
The next major institution holding the largest number of shares is ACUTA CAPITAL PARTNERS, LLC with 1.85 million shares, or about 6.8545% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.7 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Aadi Bioscience Inc (AADI) shares. Going by data provided on Mar 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 499.93 shares. This is just over 2.03% of the total shares, with a market valuation of $0.79 million. Data from the same date shows that the other fund manager holds a little less at 247.52, or 1.01% of the shares, all valued at about 0.39 million.
