Citadel Advisors LLC recently announced the acquisition of new stake in Aptorum Group Limited (NASDAQ:APM). This fresh investment now brings its stake to 0.16% valued currently at $48334.0.
With over 3.16 million Aptorum Group Limited (APM) shares trading Tuesday and a closing price of $2.05 on the day, the dollar volume was approximately $6.49 million. The shares have shown a negative weekly performance of -27.05% and its price on 09/01/20 gained nearly 0.99%. Currently, there are 29.04M common shares owned by the public and among those 6.30M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for APM have a consensus price objective of $13.00. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $11.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Aptorum Group Limited stock is 2.00 for the next 12 months. But an upside of 86.33% will see the stock hit the forecast high price target while mean target price for the stock is $13.00.
Fidelity Nasdaq Composite Index F owns 1449.0 shares of the company’s stock, all valued at over $5492.0. The company bought an additional 979.0 shares recently to bring their total holdings to about 0.02% of the shares outstanding.
Shares of Aptorum Group Limited (NASDAQ: APM) opened at $2.28, up $0.25 from a prior closing price of $2.03. However, the script later closed the day at $2.05, up 0.99%. The company’s stock has a 5-day price change of -27.05% and -34.71% over the past three months. APM shares are trading -87.07% year to date (YTD), with the 12-month market performance down to -87.55% lower. It has a 12-month low price of $1.66 and touched a high of $18.25 over the same period. Currently, 3.16 million shares have been traded, compared to an average intraday trading volume of 122.90K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -34.60%, -40.09%, and -72.29% respectively.
Institutional ownership of Aptorum Group Limited (NASDAQ: APM) shares accounts for 0.20% of the company’s 29.04M shares outstanding. Mutual fund holders own 0.02%, while other institutional holders and individual stakeholders account for 0.14% and — respectively.
It has a market capitalization of $61.99M. The earnings-per-share (ttm) stands at -$0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 20.64% over the week and 10.44% over the month.
Analysts forecast that Aptorum Group Limited (APM) will achieve an EPS of -$0.27 for the current quarter, $0 for the next quarter and -$0.84 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.27 while analysts give the company a high EPS estimate of -$0.27. Earnings per share for the fiscal year are expected to decrease by -21.20%, and -31.20% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Aptorum Group Limited (APM) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”