Aditxt Inc. (NASDAQ:ADTX) shares, rose in value on Thursday, 08/04/22, with the stock price up by 3.21% to the previous day’s close as strong demand from buyers drove the stock to $0.17.
Actively observing the price movement in the last trading, the stock closed the session at $0.17, falling within a range of $0.1636 and $0.1776. The value of beta (5-year monthly) was 1.26. Referring to stock’s 52-week performance, its high was $3.95, and the low was $0.12. On the whole, ADTX has fluctuated by 12.93% over the past month.
With the market capitalization of Aditxt Inc. currently standing at about $7.33 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 13, 2020.
Analysts have estimated the company’s revenue for the quarter at $10.43 million, with a low estimate of $10.43 million and a high estimate of $10.43 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $41.74 million, representing an increase of 39,652.40% from the revenues reported in the last year’s results.
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 ADTX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
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 0 analyst(s), 1 recommend it as a Buy and 0 called the ADTX 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 Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ADTX currently trading nearly -1.45% and -14.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.53, while the 7-day volatility ratio is showing 10.29% which for the 30-day chart, stands at 13.92%. Furthermore, Aditxt Inc. (ADTX)’s average true range (ATR) is 0.03.
Data on historical trading for Aditxt Inc. (NASDAQ:ADTX) indicates that the trading volumes over the past 10 days have averaged 2.04 million and over the past 3 months, they’ve averaged 6.23 million. According to company’s latest data on outstanding shares, there are 44.58 million shares outstanding.
Nearly 6.19% of Aditxt Inc.’s shares belong to company insiders and institutional investors own 6.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.65 million shares as on Jul 14, 2022, resulting in a short ratio of 0.23. According to the data, the short interest in Aditxt Inc. (ADTX) stood at 8.16% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.81 million. The stock has fallen by -68.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADTX stock heading into the next quarter.