Applied Therapeutics Inc [NASDAQ: APLT] price surged by 8.37 percent to reach at $0.05.
The one-year APLT stock forecast points to a potential upside of 86.44. The average equity rating for APLT stock is currently 2.17, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APLT stock is a recommendation set at 2.17. 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 Mkt Perform, with their previous recommendation back on December 23, 2024. While these analysts kept the previous recommendation, UBS raised their target price from $13 to $2. The new note on the price target was released on December 02, 2024, representing the official price target for Applied Therapeutics Inc stock. Previously, the target price had yet another drop from $12 to $4, while RBC Capital Mkts kept a Sector Perform rating on APLT stock.
The Average True Range (ATR) for Applied Therapeutics Inc is set at 0.12 The Price to Book ratio for the last quarter was 11.99, with the Price to Cash per share for the same quarter was set at 0.85.
APLT Stock Performance Analysis:
Applied Therapeutics Inc [APLT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.47. With this latest performance, APLT shares dropped by -35.66% in over the last four-week period, additionally sinking by -89.90% over the last 6 months – not to mention a drop of -79.89% 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 26.92, with the RSI for the last a single of trading hit 37.71, and the three-weeks RSI is set at 25.69 for Applied Therapeutics Inc [APLT]. The present Moving Average for the last 50 days of trading for this stock 1.7672, while it was recorded at 0.5819 for the last single week of trading, and 5.0709 for the last 200 days.
Insight into Applied Therapeutics Inc 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.
Applied Therapeutics Inc [APLT] Institutonal Ownership Details
There are presently around $102.05%, or 108.33%% 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%.
