Applied Dna Sciences Inc [NASDAQ: APDN] gained 17.97% or 0.23 points to close at $1.51 with a heavy trading volume of 32324345 shares.
The daily chart for APDN points out that the company has recorded -85.75% loss over the past six months.
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If we look at the average trading volume of 9.54M shares, APDN reached to a volume of 32324345 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Applied Dna Sciences Inc [APDN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APDN shares is $1.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APDN stock is a recommendation set at 3.00. 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.
ROTH Capital have made an estimate for Applied Dna Sciences Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 12, 2021. While these analysts kept the previous recommendation, H.C. Wainwright dropped their target price from $18 to $14. The new note on the price target was released on January 14, 2021, representing the official price target for Applied Dna Sciences Inc stock. Previously, the target price had yet another drop from $20 to $12, while H.C. Wainwright kept a Buy rating on APDN stock. On July 20, 2020, analysts increased their price target for APDN shares from 18 to 22.
The Average True Range (ATR) for Applied Dna Sciences Inc is set at 0.42, with the Price to Sales ratio for APDN stock in the period of the last 12 months amounting to 4.57. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 1.01.
Trading performance analysis for APDN stock
Applied Dna Sciences Inc [APDN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.83. With this latest performance, APDN shares gained by 319.44% in over the last four-week period, additionally sinking by -85.75% over the last 6 months – not to mention a drop of -94.24% 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 APDN stock in for the last two-week period is set at 53.00, with the RSI for the last a single of trading hit 50.77, and the three-weeks RSI is set at 53.28 for Applied Dna Sciences Inc [APDN]. The present Moving Average for the last 50 days of trading for this stock 0.8880, while it was recorded at 1.3880 for the last single week of trading, and 6.7295 for the last 200 days.
Applied Dna Sciences Inc [APDN]: A deeper dive into fundamental analysis
Applied Dna Sciences Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.76 and a Current Ratio set at 3.91.
An analysis of Institutional ownership at Applied Dna Sciences Inc [APDN]
There are presently around $2.16%, or 2.22%% of APDN stock, in the hands of institutional investors.
