Applied Therapeutics Inc (NASDAQ:APLT)’s traded shares stood at 1.49 million during the last session, with the company’s beta value hitting 2.02. At the close of trading, the stock’s price was $8.92, to imply a decrease of -9.90% or -$0.98 in intraday trading. The APLT share’s 52-week high remains $10.62, putting it -19.06% down since that peak but still an impressive 79.93% since price per share fell to its 52-week low of $1.79. The company has a valuation of $1.04B, with an average of 2.08 million shares in intraday trading volume over the past 10 days and average of 2.61 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Applied Therapeutics Inc (APLT), translating to a mean rating of 1.17. Of 3 analyst(s) looking at the stock, 0 analyst(s) give APLT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 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 -0.15.
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Applied Therapeutics Inc (NASDAQ:APLT) trade information
After registering a -9.90% downside in the last session, Applied Therapeutics Inc (APLT) has traded red over the past five days. The 5-day price performance for the stock is -7.56%, and -2.41% over 30 days. With these gigs, the year-to-date price performance is 166.27%. Short interest in Applied Therapeutics Inc (NASDAQ:APLT) saw shorts transact 12.14 million shares and set a 7.18 days time to cover.
Applied Therapeutics Inc (APLT) estimates and forecasts
Looking at statistics comparing Applied Therapeutics Inc share performance against respective industry, we note that the company has underperformed competitors. Applied Therapeutics Inc (APLT) shares are 102.73% up over the last 6 months, with its year-to-date growth rate lower than industry average at 9.15% against 17.10%. Revenue is forecast to grow 55.90% this quarter before jumping 86.60% for the next one. The rating firms project that company’s revenue will shrink -82.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 830k. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 16.13M.Earnings reports from the last fiscal year show that sales brought in -667k and 3.33M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -224.40% before jumping 384.40% in the following quarter.
APLT Dividends
Applied Therapeutics Inc has its next earnings report out in December. 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.
Applied Therapeutics Inc (NASDAQ:APLT)’s Major holders
Applied Therapeutics Inc insiders hold 5.24% of total outstanding shares, with institutional holders owning 92.34% of the shares at 97.44% float percentage. In total, 92.34% institutions holds shares in the company, led by FRANKLIN RESOURCES INC. As of 2024-06-30, the company held over 10.21 million shares (or 8.1496% of shares), all amounting to roughly $47.69 million.
The next major institution holding the largest number of shares is VR ADVISER, LLC with 9.54 million shares, or about 7.6149% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $44.57 million.
