Home  »  Business   »  Applied Genetic Technologies Corporation (NASDAQ: ...

Applied Genetic Technologies Corporation (NASDAQ: AGTC) Continues To Be Hot This Week?

Applied Genetic Technologies Corporation (NASDAQ:AGTC) traded at $0.37 at last check on Wednesday, November 23, made an upward move of 1.44% on its previous day’s price.

Looking at the stock we see that its previous close was $0.37 and the beta (5Y monthly) reads 1.40 with the day’s price range being $0.3626 – $0.3729. In terms of its 52-week price range, AGTC has a high of $2.83 and a low of $0.23. The company’s stock has lost about -5.74% over that past 30 days.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Applied Genetic Technologies Corporation has a market cap of $24.83 million and is expected to release its quarterly earnings report on Feb 13, 2023 – Feb 17, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.28, with the EPS growth for the year raised at -$0.82 for 2023 and -$0.71 for next year. These figures represent 46.40% and 13.40% growth in EPS for the two years respectively.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $50k, or -84.60% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AGTC stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -5.69% off its SMA20 and 11.28% from its 50-day simple moving average. The RSI (14) is pointing at 51.59 while the volatility over the past week is 2.75% and jumps to 4.95% over the past one month. The beta value is 1.57, while the average true range (ATR) is currently pointing at 0.02.

Let’s briefly compare Applied Genetic Technologies Corporation (AGTC) stock to its peers. We find that today’s price change of 1.44% and -85.12% over the past 12 months for AGTC competes that of Eiger BioPharmaceuticals Inc. (EIGR), which has seen its stock price rise 0.48% in the latest trading session and is -38.59% over the last one year. Another of its peers Apollo Endosurgery Inc. (APEN) has gained 0.68% today, and was -28.88% down over the past year, while Organovo Holdings Inc. (ONVO) is also up 2.03% yet, while its price remains in the red at -68.84% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.51% and 0.24%, respectively, in early deals.

Coming back to Applied Genetic Technologies Corporation (NASDAQ:AGTC), we note that the average 3-month trading volume was 1.14 million, while that of the preceding 10-day period stands at 0.77 million. Current shares outstanding are 67.63 million.

The insiders hold 0.20% of the company’s shares while institutions hold 20.00%. The data shows that short shares as of Oct 13, 2022, stood at 1.81 million at a short ratio of 2.63. This represents a 2.68% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 1.91 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -80.65% down in year-to-date price movement.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]