During the recent session, Applied Therapeutics Inc (NASDAQ:APLT)’s traded shares were 1.18 million, with the beta value of the company hitting 1.74. At the last check today, the stock’s price was $1.12, reflecting an intraday loss of -2.19% or -$0.02. The company’s market capitalization is $129.74M, and the average intraday trading volume over the past 10 days was 17.39 million shares, and the average trade volume was 5.56 million shares over the past three months.
Applied Therapeutics Inc (APLT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.83. APLT has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.19.
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Applied Therapeutics Inc (NASDAQ:APLT) trade information
Applied Therapeutics Inc (APLT) registered a -2.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.19% in intraday trading to $1.12, hitting a weekly high. The stock’s 5-day price performance is -12.89%, and it has moved by -87.50% in 30 days. Based on these gigs, the overall price performance for the year is -62.83%. The short interest in Applied Therapeutics Inc (NASDAQ:APLT) is 14.18 million shares and it means that shorts have 3.25 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.5, which implies an increase of 75.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $5 respectively. As a result, APLT is trading at a discount of -346.43% off the target high and -257.14% off the low.
Applied Therapeutics Inc (APLT) estimates and forecasts
Statistics show that Applied Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Applied Therapeutics Inc (APLT) shares have gone down -77.92% during the last six months, with a year-to-date growth rate less than the industry average at 11.27% against 17.10. In the rating firms’ projections, revenue will decrease -94.66% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 100k as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 12.32M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 9.99M and 190k respectively. In this case, analysts expect current quarter sales to shrink by -99.00% and then jump by 6,382.46% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -8.72%. While earnings are projected to return 1.41% in 2024.
APLT Dividends
Applied Therapeutics Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Applied Therapeutics Inc (NASDAQ:APLT)’s Major holders
Applied Therapeutics Inc insiders own 5.24% of total outstanding shares while institutional holders control 103.27%, with the float percentage being 108.97%. FRANKLIN RESOURCES INC is the largest shareholder of the company, while 171.0 institutions own stock in it. As of 2024-06-30, the company held over 10.21 million shares (or 8.1496% of all shares), a total value of $47.69 million in shares.
The next largest institutional holding, with 9.54 million shares, is of VR ADVISER, LLC’s that is approximately 7.6149% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $44.57 million.
