Aquestive Therapeutics Inc (NASDAQ:AQST) price on current trading day, rose 3.48% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.46.
A look at the stock’s price movement, the close in the last trading session was $4.31, moving within a range at $4.32 and $4.55. The beta value (5-Year monthly) was 2.794. Turning to its 52-week performance, $6.23 and $1.25 were the 52-week high and 52-week low respectively. Overall, AQST moved 29.28% over the past month.
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Aquestive Therapeutics Inc’s market cap currently stands at around $406.13 million, with investors looking forward to this quarter’s earnings report slated for in September.
Analysts have a consensus estimate of 12.62M for the company’s revenue for the quarter, with a low and high estimate of 11.96M and 13.6M respectively. The average forecast suggests up to a 10.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 58.01M, representing a 32.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AQST is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 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, 3 recommend AQST 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.
AQST’s current price about 17.00% and 40.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.37, while 7-day volatility ratio is 7.57% and 8.81% in the 30-day chart. Further, Aquestive Therapeutics Inc (AQST) has a beta value of 2.82, and an average true range (ATR) of 0.31. Analysts have given the company’s stock an average 52-week price target of $9.5, forecast between a low of $7 and high of $12. Looking at the price targets, the low is -56.95% off current price level while to achieve the yearly target high, price needs to move -169.06%. Nonetheless, investors will most likely welcome a -113.0% jump to $9.5 which is the analysts’ median price.
If we refocus on Aquestive Therapeutics Inc (NASDAQ:AQST), historical trading data shows that trading volumes averaged 1.4 over the past 10 days and 1.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 91.06 million shares.
The 12.84% of Aquestive Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 40.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.79 million on 2024-07-31, giving us a short ratio of 7.94. The data shows that as of 2024-07-31 short interest in Aquestive Therapeutics Inc (AQST) stood at 1419.0 of shares outstanding, with shares short rising to 7.63 million registered in 2024-06-28. Current price change has pushed the stock 120.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AQST stock continues to rise going into the next quarter.
