Applied Dna Sciences Inc (NASDAQ: APDN): Moving Toward A Higher Share Price

Applied Dna Sciences Inc (NASDAQ:APDN) shares, rose in value on Friday, October 11, with the stock price down by -8.22% to the previous day’s close as strong demand from buyers drove the stock to $0.29.

Actively observing the price movement in the recent trading, the stock is buoying the session at $0.32, falling within a range of $0.2851 and $0.321. The value of beta (5-year monthly) is 0.334. Referring to stock’s 52-week performance, its high was $22.80, and the low was $0.31. On the whole, APDN has fluctuated by -80.36% over the past month.

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With the market capitalization of Applied Dna Sciences Inc currently standing at about $3.03 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-05.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.52M, with a low estimate of 800k and a high estimate of 1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 900k.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that APDN’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 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The price of APDN currently trading nearly -61.52% and -72.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.97, while the 7-day volatility ratio is showing 11.85% which for the 30-day chart, stands at 15.50%. Furthermore, Applied Dna Sciences Inc (APDN)’s beta value is 0.38, and its average true range (ATR) is 0.16.

A comparison of Applied Dna Sciences Inc (APDN) with its peers suggests the former has fared considerably weaker in the market. APDN showed an intraday change of -8.22% in today’s session so far, and over the past year, it shrunk by -98.60%%.

Data on historical trading for Applied Dna Sciences Inc (NASDAQ:APDN) indicates that the trading volumes over the past 10 days have averaged 4.93 and over the past 3 months, they’ve averaged 10.21 million. According to company’s latest data on outstanding shares, there are 10.30 million shares outstanding.

Nearly 0.14% of Applied Dna Sciences Inc’s shares belong to company insiders and institutional investors own 13.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.74 million shares as on 2024-09-30, resulting in a short ratio of 0.48. According to the data, the short interest in Applied Dna Sciences Inc (APDN) stood at 1696.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 2.14 million. The stock has fallen by -97.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the APDN stock heading into the next quarter.

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