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Analyst The Benchmark Company Price Target And Rating For AeroClean Technologies Inc. (AERC)

AeroClean Technologies Inc. (NASDAQ:AERC) concluded the trading at $14.60 on Wednesday, June 29 with a rise of 0.83% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $14.48 with its price kept floating in the range of $14.20 and $16.34 on the day. Considering stock’s 52-week price range provides that AERC hit a high price of $117.35 and saw its price falling to a low level of $1.76 during that period. Over a period of past 1-month, stock came adding 569.72% in its value.

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With its current market valuation of $191.41 million. Analysts are in estimates of -$0.1 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$0.35 for 2022 with estimates of that growing to $0 in next year. These estimates are suggesting current year growth of 52.70% for EPS and 100.00% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $3 million. They suggested that in the process company could generate revenue of as low as $3 million which could climb up to $3 million to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $15 million in 2022, which will be 2,331.10% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement.

Digging deeper we become aware of the PEG ratio of the AERC stock which is currently positioned at 0. It further provides that stock’s current price level is 28.48% away from its 20-day simple moving average and is 141.20% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.94 while volatility remained at 31.26% over the past week which changes to 50.15% when measuring it over the past month. Average true range or ATR is currently at 3.53. In predicting price targets of as low as $7.00 and as high as $7.00, analysts are in agreement on assigning the stock over the next 12 months average price target of $7.00. Stock’s current price level is 52.05% above from estimated low price target while it is 52.05% below the estimated high; and even if the AERC’s share succeeded to reach the median price of $7.00, then the outlook of 52.05% could come to the excitement of the investors.

Having a second look at AeroClean Technologies Inc. (NASDAQ:AERC) provides that stock’s average daily trading volume for 3 months was 8.83 million. Number of outstanding shares of the stock stood at 13.88 million.

The percentage of outstanding shares held by the insiders is 70.72% while it is 0.30% for the institutional holders. Addition of 39.45% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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