RBC Capital Mkts slashes price target on Apellis Pharmaceuticals Inc [APLS] – find out why.

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Apellis Pharmaceuticals Inc [NASDAQ: APLS] closed the trading session at $28.06.

The stocks have a year to date performance of -53.12 percent and weekly performance of -2.37 percent. The stock has been moved at -33.19 percent over the last six months. The stock has performed 0.39 percent around the most recent 30 days and changed -24.67 percent over the most recent 3-months.

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If compared to the average trading volume of 2.41M shares, APLS reached to a volume of 5513544 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 Apellis Pharmaceuticals Inc [APLS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APLS shares is $46.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APLS stock is a recommendation set at 1.59. 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.

RBC Capital Mkts have made an estimate for Apellis Pharmaceuticals Inc shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on October 25, 2024. While these analysts kept the previous recommendation, William Blair raised their target price to Outperform. The new note on the price target was released on October 16, 2024, representing the official price target for Apellis Pharmaceuticals Inc stock.

The Average True Range (ATR) for Apellis Pharmaceuticals Inc is set at 1.50, with the Price to Sales ratio for APLS stock in the period of the last 12 months amounting to 4.88. The Price to Book ratio for the last quarter was 14.45, with the Price to Cash per share for the same quarter was set at 3.20.

APLS stock trade performance evaluation

Apellis Pharmaceuticals Inc [APLS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.37. With this latest performance, APLS shares gained by 0.39% in over the last four-week period, additionally sinking by -33.19% over the last 6 months – not to mention a drop of -41.71% 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 APLS stock in for the last two-week period is set at 45.18, with the RSI for the last a single of trading hit 45.35, and the three-weeks RSI is set at 43.68 for Apellis Pharmaceuticals Inc [APLS]. The present Moving Average for the last 50 days of trading for this stock 30.22, while it was recorded at 29.03 for the last single week of trading, and 43.30 for the last 200 days.

Apellis Pharmaceuticals Inc [APLS]: An insightful look at the core fundamentals

Apellis Pharmaceuticals Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.73 and a Current Ratio set at 4.36.

Earnings per share (EPS) analysis for Apellis Pharmaceuticals Inc [APLS] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APLS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Apellis Pharmaceuticals Inc go to 33.30%.

Apellis Pharmaceuticals Inc [APLS]: Institutional Ownership

There are presently around $94.66%, or 110.03%% of APLS stock, in the hands of institutional investors. The top three institutional holders of APLS stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 16.39 million shares, which is approximately 13.3288%. ECOR1 CAPITAL, LLC, holding 11.61 million shares of the stock with an approximate value of $$445.26 million in APLS stocks shares; and ECOR1 CAPITAL, LLC, currently with $$426.22 million in APLS stock with ownership which is approximately 8.9675%.