AeroClean Technologies Inc. [NASDAQ: AERC] traded at a high on 10/04/22, posting a 85.05 gain after which it closed the day’ session at $5.94. The company report on October 3, 2022 that AeroClean Technologies and Molekule to Combine in an All-Stock Merger Establishing an Industry-Leading Provider of Premium, FDA-Cleared Air Purification Products and Solutions.
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Creates a pro forma company with a substantial base of revenues, a solid balance sheet and a path to profitability.
The results of the trading session contributed to over 64244170 shares changing hands. Over the past one week, the price volatility of AeroClean Technologies Inc. stands at 21.85% while the volatility over the past one month is 13.79%.
The market cap for AERC stock reached $87.79 million, with 13.89 million shares outstanding and 5.78 million shares in the current float. Compared to the average trading volume of 2.23M shares, AERC reached a trading volume of 64244170 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about AeroClean Technologies Inc. [AERC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AERC shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AERC stock is a recommendation set at 2.00. 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.
The Benchmark Company have made an estimate for AeroClean Technologies Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 14, 2022.
The Average True Range (ATR) for AeroClean Technologies Inc. is set at 0.51, with the Price to Sales ratio for AERC stock in the period of the last 12 months amounting to 125.42. The Price to Book ratio for the last quarter was 5.08, with the Price to Cash per share for the same quarter was set at 1.98.
How has AERC stock performed recently?
AeroClean Technologies Inc. [AERC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 130.23. With this latest performance, AERC shares gained by 99.33% in over the last four-week period, additionally plugging by 53.09% over the last 6 months.
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 AERC stock in for the last two-week period is set at 72.87, with the RSI for the last a single of trading hit 85.55, and the three-weeks RSI is set at 62.06 for AeroClean Technologies Inc. [AERC]. The present Moving Average for the last 50 days of trading for this stock 4.14, while it was recorded at 3.52 for the last single week of trading, and 5.99 for the last 200 days.
AeroClean Technologies Inc. [AERC]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and AeroClean Technologies Inc. [AERC] shares currently have an operating margin of -1337.16 and a Gross Margin at +45.03. AeroClean Technologies Inc.’s Net Margin is presently recorded at -1285.23.
AeroClean Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 16.70 and a Current Ratio set at 17.30.
Insider trade positions for AeroClean Technologies Inc. [AERC]
There are presently around $11 million, or 12.10% of AERC stock, in the hands of institutional investors. The top three institutional holders of AERC stocks are: ARMISTICE CAPITAL, LLC with ownership of 1,500,000, which is approximately New of the company’s market cap and around 62.48% of the total institutional ownership; VANGUARD GROUP INC, holding 150,007 shares of the stock with an approximate value of $0.89 million in AERC stocks shares; and MARSHALL WACE, LLP, currently with $0.32 million in AERC stock with ownership of nearly New of the company’s market capitalization.
Positions in AeroClean Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 17 institutional holders increased their position in AeroClean Technologies Inc. [NASDAQ:AERC] by around 1,844,627 shares. Additionally, 1 investors decreased positions by around 14,290 shares, while 2 investors held positions by with 48,638 shares. The mentioned changes placed institutional holdings at 1,907,555 shares, according to the latest SEC report filing. AERC stock had 10 new institutional investments in for a total of 1,814,700 shares, while 1 institutional investors sold positions of 14,290 shares during the same period.