Aptevo Therapeutics Inc (APVO): Significant Improvements, Worth Being Considered

AMAT

Aptevo Therapeutics Inc (NASDAQ:APVO) concluded the trading at $0.31 on Thursday, November 07, with a rise of 19.77% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.26 and 5Y monthly beta was reading 5.066 with its price kept floating in the range of $0.2554 and $0.32 on the day. Considering stock’s 52-week price range provides that APVO hit a high price of $11.45 and saw its price falling to a low level of $0.14 during that period. Over a period of past 1-month, stock came adding 102.62% in its value.

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With its current market valuation of $2.91 million, Aptevo Therapeutics Inc is set to declare its quarterly results in December. Analysts are in estimates of -3.35 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -17.23 for current year with estimates of that growing to -5.83 in next year.

In contrast, when we review APVO stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the APVO stock which is currently positioned at 0. It further provides that stock’s current price level is 29.77% away from its 20-day simple moving average and is 28.45% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.58 while volatility remained at 14.71% over the past week which changes to 24.53% when measuring it over the past month. Beta is valued at 5.02, while measure of average true range or ATR is currently at 0.05.

Having a second look at Aptevo Therapeutics Inc (NASDAQ:APVO) provides that stock’s average daily trading volume for 3 months was 6.12 million, while it jumped to 3111860 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 9.42 million.

The percentage of outstanding shares held by the insiders is 0.06% while it is 20.63% for the institutional holders. The figures also indicate that as of 2024-10-15, number of stock’s short shares was 0.15 million which implies a short ratio of 0.06. This shows up a 115.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 13021.0 in the previous month. Subtraction of -96.12% 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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