Aptevo Therapeutics Inc (NASDAQ: APVO) Drops -3624.14% From Highs, Now What?

During the last session, Aptevo Therapeutics Inc (NASDAQ:APVO)’s traded shares were 12.73 million, with the beta value of the company hitting 5.02. At the end of the trading day, the stock’s price was $0.29, reflecting an intraday gain of 16.05% or $0.04. The 52-week high for the APVO share is $10.80, that puts it down -3624.14 from that peak though still a striking 51.72% gain since the share price plummeted to a 52-week low of $0.14. The company’s market capitalization is $5.37M, and the average intraday trading volume over the past 10 days was 2.15 million shares, and the average trade volume was 6.39 million shares over the past three months.

Aptevo Therapeutics Inc (NASDAQ:APVO) trade information

Aptevo Therapeutics Inc (APVO) registered a 16.05% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 16.05% in intraday trading to $0.29, hitting a weekly high. The stock’s 5-day price performance is 19.44%, and it has moved by -17.99% in 30 days. Based on these gigs, the overall price performance for the year is -96.74%. The short interest in Aptevo Therapeutics Inc (NASDAQ:APVO) is 1.2 million shares and it means that shorts have 0.09 day(s) to cover.

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Aptevo Therapeutics Inc (APVO) estimates and forecasts

Statistics show that Aptevo Therapeutics Inc has outperformed its competitors in share price, compared to the industry in which it operates. Aptevo Therapeutics Inc (APVO) shares have gone down -61.38% during the last six months, with a year-to-date growth rate more than the industry average at 95.86% against 18.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 95.67% this quarter and then jump 97.19% in the quarter after that.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 46.80%. While earnings are projected to return -81.72% in 2024.

APVO Dividends

Aptevo Therapeutics Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Aptevo Therapeutics Inc (NASDAQ:APVO)’s Major holders

Aptevo Therapeutics Inc insiders own 0.03% of total outstanding shares while institutional holders control 6.80%, with the float percentage being 6.80%.