Aldeyra Therapeutics Inc. (NASDAQ:ALDX) price on Friday, October 08, fall -2.99% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.44.
A look at the stock’s price movement, the close in the last trading session was $8.70, moving within a range at $8.27 and $8.68. The beta value (5-Year monthly) was 1.75. Turning to its 52-week performance, $15.95 and $6.21 were the 52-week high and 52-week low respectively. Overall, ALDX moved -5.38% over the past month.
Aldeyra Therapeutics Inc.’s market cap currently stands at around $483.36 million, with investors looking forward to this quarter’s earnings report slated for Nov 03, 2021 – Nov 08, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.26, which has seen fiscal year 2021 EPS growth forecast to increase to -$1.08 and about -$1.22 for fiscal year 2022. Per the data, EPS growth is expected to be 2.70% for 2021 and -13.00% for the next financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ALDX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 10 recommend ALDX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALDX’s current price about -1.38% and -5.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.98, while 7-day volatility ratio is 6.20% and 4.81% in the 30-day chart. Further, Aldeyra Therapeutics Inc. (ALDX) has a beta value of 1.76, and an average true range (ATR) of 0.42. Analysts have given the company’s stock an average 52-week price target of $26.00, forecast between a low of $16.00 and high of $32.00. Looking at the price targets, the low is -89.57% off current price level while to achieve the yearly target high, price needs to move -279.15%. Nonetheless, investors will most likely welcome a -202.13% jump to $25.50 which is the analysts’ median price.
In the market, a comparison of Aldeyra Therapeutics Inc. (ALDX) and its peers suggest the former has performed considerably weaker. Data shows ALDX’s intraday price has changed -2.99% in last session and 20.23% over the past year. Looking at another peer, we see that Regeneron Pharmaceuticals Inc. (REGN) price has dipped -0.36% on the day. However, the stock is -8.31% off its price a year ago. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.19% and -0.03% respectively in the last trading.
If we refocus on Aldeyra Therapeutics Inc. (NASDAQ:ALDX), historical trading data shows that trading volumes averaged 581.79K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.28 million shares.
The 1.60% of Aldeyra Therapeutics Inc.’s shares are in the hands of company insiders while institutional holders own 84.20% of the company’s shares. Current price change has pushed the stock 23.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALDX stock continues to rise going into the next quarter.