After Plunging -15.76% During Past Week, Is AppTech Payments Corp (NASDAQ: APCX) Still A Buy?

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AppTech Payments Corp (NASDAQ:APCX)’s traded shares stood at 0.32 million during the last session, with the company’s beta value hitting -0.10. At the close of trading, the stock’s price was $0.34, to imply a decrease of -5.59% or -$0.02 in intraday trading. The APCX share’s 52-week high remains $2.25, putting it -561.76% down since that peak but still an impressive 8.82% since price per share fell to its 52-week low of $0.31. The company has a valuation of $9.38M, with an average of 0.18 million shares in intraday trading volume over the past 10 days and average of 3.90 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for AppTech Payments Corp (APCX), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 1 analyst(s) give APCX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 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.

AppTech Payments Corp (NASDAQ:APCX) trade information

After registering a -5.59% downside in the last session, AppTech Payments Corp (APCX) has traded red over the past five days. The 5-day price performance for the stock is -15.76%, and -42.00% over 30 days. With these gigs, the year-to-date price performance is -34.76%. Short interest in AppTech Payments Corp (NASDAQ:APCX) saw shorts transact 0.32 million shares and set a 2.91 days time to cover.

APCX Dividends

AppTech Payments Corp has its next earnings report out in March. 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.

AppTech Payments Corp (NASDAQ:APCX)’s Major holders

AppTech Payments Corp insiders hold 14.16% of total outstanding shares, with institutional holders owning 4.74% of the shares at 5.53% float percentage. In total, 4.74% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 0.64 million shares (or 2.8416% of shares), all amounting to roughly $0.6 million.

The next major institution holding the largest number of shares is GREENWICH WEALTH MANAGEMENT LLC with 0.22 million shares, or about 0.9584% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.2 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the AppTech Payments Corp (APCX) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 483.44 shares. This is just over 1.75% of the total shares, with a market valuation of $0.16 million. Data from the same date shows that the other fund manager holds a little less at 149.96, or 0.54% of the shares, all valued at about 50880.0.