Applied Dna Sciences Inc (APDN) Is A Great Bargain Stock To Take A Look At

Applied Dna Sciences Inc (NASDAQ:APDN) has a beta value of 0.37 and has seen 1.62 million shares traded in the last trading session. The company, currently valued at $9.84M, closed the last trade at $0.95 per share which meant it lost -$0.18 on the day or -15.49% during that session. The APDN stock price is -2721.05% off its 52-week high price of $26.80 and 67.37% above the 52-week low of $0.31. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.52 million shares traded. The 3-month trading volume is 9.89 million shares.

The consensus among analysts is that Applied Dna Sciences Inc (APDN) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.34.

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Applied Dna Sciences Inc (NASDAQ:APDN) trade information

Sporting -15.49% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the APDN stock price touched $0.95 or saw a rise of 33.09%. Year-to-date, Applied Dna Sciences Inc shares have moved -92.26%, while the 5-day performance has seen it change -30.29%. Over the past 30 days, the shares of Applied Dna Sciences Inc (NASDAQ:APDN) have changed -62.40%. Short interest in the company has seen 2.14 million shares shorted with days to cover at 0.1.

Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could jump 36.67% from current levels. The projected low price target is $1.5 while the price target rests at a high of $1.5. In that case, then, we find that the current price level is -57.89% off the targeted high while a plunge would see the stock gain -57.89% from current levels.

Applied Dna Sciences Inc (APDN) estimates and forecasts

Figures show that Applied Dna Sciences Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -90.05% over the past 6 months, with this year growth rate of 88.16%, compared to 14.00% for the industry. Revenue growth from the last financial year stood is estimated to be -73.70%.

2 analysts offering their estimates for the company have set an average revenue estimate of 900k for the current quarter. 2 have an estimated revenue figure of 1.04M for the next ending quarter. Year-ago sales stood 780k and 891k respectively for this quarter and the next, and analysts expect sales will grow by 15.40% for the current quarter and -73.70% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 45.52% over the past 5 years.

APDN Dividends

Applied Dna Sciences Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 3.04% of the company shares, while shares held by institutions stand at 2.16% with a share float percentage of 2.22%. Investors are also buoyed by the number of investors in a company, with Applied Dna Sciences Inc having a total of 21.0 institutions that hold shares in the company. The top two institutional holders are MATHER GROUP, LLC. with over 700.0 shares worth more than $287.0. As of 2024-06-30, MATHER GROUP, LLC. held 0.0803% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 0.08% shares in the company for having 8.68 shares of worth $8286.0 while later fund manager owns 3.63 shares of worth $3470.0 as of Jul 31, 2024 , which makes it owner of about 0.04% of company’s outstanding stock.