Applied Dna Sciences Inc (NASDAQ: APDN) Is Decrease -91.02%, So Here’s What We Can Expect On The Upswing

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During the recent session, Applied Dna Sciences Inc (NASDAQ:APDN)’s traded shares were 2.81 million, with the beta value of the company hitting 0.11. At the last check today, the stock’s price was $2.28, reflecting an intraday loss of -5.70% or -$0.14. The 52-week high for the APDN share is $28.40, that puts it down -1145.61 from that peak though still a striking 86.4% gain since the share price plummeted to a 52-week low of $0.31. The company’s market capitalization is $23.50M, and the average intraday trading volume over the past 10 days was 50.69 million shares, and the average trade volume was 9.15 million shares over the past three months.

Applied Dna Sciences Inc (APDN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. APDN has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.

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Applied Dna Sciences Inc (NASDAQ:APDN) trade information

Applied Dna Sciences Inc (APDN) registered a -5.70% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.70% in intraday trading to $2.28, hitting a weekly high. The stock’s 5-day price performance is 24.70%, and it has moved by 506.91% in 30 days. Based on these gigs, the overall price performance for the year is -91.02%. The short interest in Applied Dna Sciences Inc (NASDAQ:APDN) is 1.73 million shares and it means that shorts have 1.15 day(s) to cover.

The consensus price target of analysts on Wall Street is $1.5, which implies a decrease of -52.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.5 respectively. As a result, APDN is trading at a premium of 34.21% off the target high and 34.21% off the low.

Applied Dna Sciences Inc (APDN) estimates and forecasts

Statistics show that Applied Dna Sciences Inc has outperformed its competitors in share price, compared to the industry in which it operates. Applied Dna Sciences Inc (APDN) shares have gone down -80.37% during the last six months, with a year-to-date growth rate more than the industry average at 88.16% against 16.40.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 45.52%. While earnings are projected to return 71.32% in 2024.

APDN Dividends

Applied Dna Sciences Inc is due to release its next quarterly earnings on 2024-Dec-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Applied Dna Sciences Inc (NASDAQ:APDN)’s Major holders

Applied Dna Sciences Inc insiders own 3.04% of total outstanding shares while institutional holders control 2.16%, with the float percentage being 2.22%. MATHER GROUP, LLC. is the largest shareholder of the company, while 21.0 institutions own stock in it. As of 2024-06-30, the company held over 700.0 shares (or 0.0803% of all shares), a total value of $287.0 in shares.

Also, the Mutual Funds coming in first place with the largest holdings of Applied Dna Sciences Inc (APDN) shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . Data provided on Mar 31, 2024 indicates that Vanguard Extended Market Index Fund owns about 8.68 shares. This amounts to just over 0.08 percent of the company’s overall shares, with a $20131.0 market value. The same data shows that the other fund manager holds slightly less at 3.63, or about 0.04% of the stock, which is worth about $8431.0.