Applied Dna Sciences Inc (NASDAQ:APDN) shares, rose in value on Wednesday, February 12, with the stock price up by 3.83% to the previous day’s close as strong demand from buyers drove the stock to $0.19.
Actively observing the price movement in the last trading, the stock closed the session at $0.18, falling within a range of $0.1744 and $0.1908. The value of beta (5-year monthly) was 0.452. Referring to stock’s 52-week performance, its high was $14.40, and the low was $0.12. On the whole, APDN has fluctuated by -1.86% over the past month.
With the market capitalization of Applied Dna Sciences Inc currently standing at about $10.48 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.2M, with a low estimate of 1.18M and a high estimate of 1.18M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.18M.
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 50% 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 stock’s technical analysis shows that the price of APDN currently trading nearly 5.41% and 0.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.62, while the 7-day volatility ratio is showing 6.66% which for the 30-day chart, stands at 8.24%. Furthermore, Applied Dna Sciences Inc (APDN)’s beta value is 0.38, and its average true range (ATR) is 0.02.
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 3.83% in last session, and over the past year, it shrunk by -98.44%%.
Data on historical trading for Applied Dna Sciences Inc (NASDAQ:APDN) indicates that the trading volumes over the past 10 days have averaged 1.56 and over the past 3 months, they’ve averaged 5.38 million. According to company’s latest data on outstanding shares, there are 55.19 million shares outstanding.
Nearly 7.20% of Applied Dna Sciences Inc’s shares belong to company insiders and institutional investors own 37.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.77 million shares as on 2024-11-29, resulting in a short ratio of 0.47. According to the data, the short interest in Applied Dna Sciences Inc (APDN) stood at 349.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 0.61 million. The stock has fallen by -6.96% 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.
