Market cap of Aldeyra Therapeutics Inc. [ALDX] reaches 204.72M – now what?


Aldeyra Therapeutics Inc. [NASDAQ: ALDX] closed the trading session at $3.50 on 06/08/22. The day’s price range saw the stock hit a low of $3.46, while the highest price level was $3.87. The company report on June 8, 2022 that Aldeyra Therapeutics Achieves Primary Endpoint in Phase 3 TRANQUILITY‑2 Trial in Dry Eye Disease and Intends to Submit New Drug Application for Symptoms and Three Sign Endpoints of Dry Eye Disease.

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Reproxalap Statistically Superior to Vehicle for Both Prespecified Primary Endpoints of Schirmer Test (p=0.0001) and ≥10 mm Schirmer Test Responder Proportions (p<0.0001). TRANQUILITY-2 Results May Allow for the Most Comprehensive Dry Eye Disease New Drug Application (NDA) Submission to Date. The stocks have a year to date performance of -12.50 percent and weekly performance of 19.05 percent. The stock has been moved at -52.25 percent over the last six months. The stock has performed 41.70 percent around the most recent 30 days and changed -18.79 percent over the most recent 3-months. If compared to the average trading volume of 818.26K shares, ALDX reached to a volume of 5048518 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Aldeyra Therapeutics Inc. [ALDX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALDX shares is $20.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALDX stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for Aldeyra Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 27, 2022. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on February 08, 2021, representing the official price target for Aldeyra Therapeutics Inc. stock. Previously, the target price had yet another raise to $32, while Berenberg analysts kept a Buy rating on ALDX stock.

The Average True Range (ATR) for Aldeyra Therapeutics Inc. is set at 0.26 The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 3.71.

ALDX stock trade performance evaluation

Aldeyra Therapeutics Inc. [ALDX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.05. With this latest performance, ALDX shares gained by 41.70% in over the last four-week period, additionally sinking by -52.25% over the last 6 months – not to mention a drop of -72.16% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALDX stock in for the last two-week period is set at 60.69, with the RSI for the last a single of trading hit 68.54, and the three-weeks RSI is set at 55.06 for Aldeyra Therapeutics Inc. [ALDX]. The present Moving Average for the last 50 days of trading for this stock 3.47, while it was recorded at 3.28 for the last single week of trading, and 5.66 for the last 200 days.

Aldeyra Therapeutics Inc. [ALDX]: An insightful look at the core fundamentals

Return on Equity for this stock declined to -43.56, with Return on Assets sitting at -36.49.

Aldeyra Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.60 and a Current Ratio set at 13.60.

Aldeyra Therapeutics Inc. [ALDX]: Insider Ownership positions

There are presently around $137 million, or 69.00% of ALDX stock, in the hands of institutional investors. The top three institutional holders of ALDX stocks are: PERCEPTIVE ADVISORS LLC with ownership of 9,903,879, which is approximately 0% of the company’s market cap and around 2.70% of the total institutional ownership; BLACKROCK INC., holding 3,220,511 shares of the stock with an approximate value of $11.27 million in ALDX stocks shares; and VANGUARD GROUP INC, currently with $10.37 million in ALDX stock with ownership of nearly 5.249% of the company’s market capitalization.

Positions in Aldeyra Therapeutics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 51 institutional holders increased their position in Aldeyra Therapeutics Inc. [NASDAQ:ALDX] by around 10,001,848 shares. Additionally, 59 investors decreased positions by around 7,888,071 shares, while 21 investors held positions by with 21,125,319 shares. The mentioned changes placed institutional holdings at 39,015,238 shares, according to the latest SEC report filing. ALDX stock had 17 new institutional investments in for a total of 2,598,153 shares, while 22 institutional investors sold positions of 1,929,174 shares during the same period.