Acasti Pharma Inc. (NASDAQ:ACST) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 2.60% to the previous day’s close as strong demand from buyers drove the stock to $0.51.
Actively observing the price movement in the last trading, the stock closed the session at $0.49, falling within a range of $0.491 and $0.5095. The value of beta (5-year monthly) was 1.50. Referring to stock’s 52-week performance, its high was $1.22, and the low was $0.17. On the whole, ACST has fluctuated by 3.16% over the past month.
With the market capitalization of Acasti Pharma Inc. currently standing at about $105.33 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 11, 2021 – Aug 16, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.16, which is expected to increase to $0 for fiscal year -$0.53 and then to about -$0.35 by fiscal year 2019. Data indicates that the EPS growth is expected to be 30.30% in 2019, while the next year’s EPS growth is forecast to be 34.00%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ACST’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 0 recommend it as a Buy and 0 called the ACST stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ACST currently trading nearly -7.79% and -3.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.84, while the 7-day volatility ratio is showing 7.77% which for the 30-day chart, stands at 8.45%. Furthermore, Acasti Pharma Inc. (ACST)’s average true range (ATR) is 0.04. The company’s stock has been forecasted to trade at an average price of $0.25 over the course of the next 52 weeks, with a low of $0.25 and a high of $0.25. Based on these price targets, the low is 50.98% off current price, whereas the price has to move 50.98% to reach the yearly target high. Additionally, analysts’ median price of $0.25 is likely to be welcomed by investors because it represents an increase of 50.98% from the current levels.
A comparison of Acasti Pharma Inc. (ACST) with its peers suggests the former has fared considerably weaker in the market. ACST showed an intraday change of 2.60% in last session, and over the past year, it shrunk by -27.79%%. On the other hand, the price of Omeros Corporation (OMER) has risen 0.49% on the day. The stock, however, is off -0.62% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.82%. Meanwhile, the Dow Jones Industrial Improved by 0.83%.
Data on historical trading for Acasti Pharma Inc. (NASDAQ:ACST) indicates that the trading volumes over the past 3 months, they’ve averaged 14.05 million. According to company’s latest data on outstanding shares, there are 208.38 million shares outstanding.
Nearly 2.62% of Acasti Pharma Inc.’s shares belong to company insiders and institutional investors own 1.18% of the company’s shares. The stock has risen by 55.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACST stock heading into the next quarter.