Applied Therapeutics Inc [NASDAQ: APLT] slipped around -1.64 points on Wednesday, while shares priced at $8.57 at the close of the session, down -16.06%.
Compared to the average trading volume of 2.75M shares, APLT reached a trading volume of 8850762 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Applied Therapeutics Inc [APLT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APLT shares is $12.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APLT stock is a recommendation set at 1.17. 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.
William Blair have made an estimate for Applied Therapeutics Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 31, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on March 26, 2024, representing the official price target for Applied Therapeutics Inc stock. Previously, the target price had yet another raise to $12, while Leerink Partners analysts kept a Outperform rating on APLT stock. On January 04, 2022, analysts decreased their price target for APLT shares from 44 to 7.
The Average True Range (ATR) for Applied Therapeutics Inc is set at 0.75, with the Price to Sales ratio for APLT stock in the period of the last 12 months amounting to 93.54. The Price to Book ratio for the last quarter was 169.23, with the Price to Cash per share for the same quarter was set at 0.85.
How has APLT stock performed recently?
Applied Therapeutics Inc [APLT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.12. With this latest performance, APLT shares dropped by -2.06% in over the last four-week period, additionally plugging by 94.77% over the last 6 months – not to mention a rise of 339.49% 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 APLT stock in for the last two-week period is set at 44.51, with the RSI for the last a single of trading hit 40.16, and the three-weeks RSI is set at 47.87 for Applied Therapeutics Inc [APLT]. The present Moving Average for the last 50 days of trading for this stock 8.81, while it was recorded at 9.45 for the last single week of trading, and 6.20 for the last 200 days.
Applied Therapeutics Inc [APLT]: Deeper insight into the fundamentals
Applied Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.06 and a Current Ratio set at 1.06.
Earnings analysis for Applied Therapeutics Inc [APLT]
With the latest financial reports released by the company, Applied Therapeutics Inc posted -0.33/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.13. 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 APLT.
Insider trade positions for Applied Therapeutics Inc [APLT]
There are presently around $101.87%, or 107.50%% of APLT stock, in the hands of institutional investors. The top three institutional holders of APLT stocks are: FRANKLIN RESOURCES INC with ownership of 10.21 million shares, which is approximately 8.1496%. VR ADVISER, LLC, holding 9.54 million shares of the stock with an approximate value of $$44.57 million in APLT stocks shares; and VR ADVISER, LLC, currently with $$37.38 million in APLT stock with ownership which is approximately 6.3877%.
