Applied Therapeutics Inc (NASDAQ: APLT) Disappoints Wall Street With -3.32% Stock Price Drop

In the last trading session, 2.89 million Applied Therapeutics Inc (NASDAQ:APLT) shares changed hands as the company’s beta touched 2.03. With the company’s per share price at $9.90 changed hands at -$0.34 or -3.32% during last session, the market valuation stood at $1.15B. APLT’s last price was a discount, traded about -7.27% off its 52-week high of $10.62. The share price had its 52-week low at $1.79, which suggests the last value was 81.92% up since then. When we look at Applied Therapeutics Inc’s average trading volume, we note the 10-day average is 1.87 million shares, with the 3-month average coming to 2.60 million.

Analysts gave the Applied Therapeutics Inc (APLT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended APLT as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.

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Applied Therapeutics Inc (NASDAQ:APLT) trade information

Instantly APLT was in red as seen at the end of in last trading. With action 2.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 195.52%, with the 5-day performance at 2.80% in the green. However, in the 30-day time frame, Applied Therapeutics Inc (NASDAQ:APLT) is 11.36% up. Looking at the short shares, we see there were 14.53 million shares sold at short interest cover period of 2.85 days.

Applied Therapeutics Inc (APLT) estimates and forecasts

Data shows that the Applied Therapeutics Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 113.36% over the past 6 months, a 9.15% in annual growth rate that is considerably lower than the industry average of 17.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.72%. The 2024 estimates are for Applied Therapeutics Inc earnings to increase by 12.49%.

APLT Dividends

Applied Therapeutics Inc is expected to release its next quarterly earnings report in December.

Applied Therapeutics Inc (NASDAQ:APLT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 5.24% of Applied Therapeutics Inc shares while 91.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.63%. There are 91.57% institutions holding the Applied Therapeutics Inc stock share, with FRANKLIN RESOURCES INC the top institutional holder. As of 2024-06-30, the company held 8.1496% of the shares, roughly 10.21 million APLT shares worth $47.69 million.

VR ADVISER, LLC holds the second largest percentage of outstanding shares, with 7.6149% or 9.54 million shares worth $44.57 million as of 2024-06-30.