Armistice Capital LLC has recently announced that it has increased stake in Aquestive Therapeutics Inc (NASDAQ:AQST) by 314.51%. After grabbing 4.8 million shares, the institutional investor is now in possession of 3.64 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 7.19% having worth around $7.54 million. Moreover, The Vanguard Group, Inc. increased its share by 0.14 million to have a control over 1.69 million shares. And Acadian Asset Management LLC raised its holdings to 0.39 million shares by acquiring 0.55 million shares or 0.83% of the stake.
Aquestive Therapeutics Inc (AQST) concluded trading on 11/22/23 at a closing price of $2.04, with 0.43 million shares of worth about $0.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.53% during that period and on Wednesday the price saw a gain of about 5.15%. Currently the company’s common shares owned by public are about 66.77M shares, out of which, 62.96M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the AQST stock and their offered price forecasts bring an average price target of $6.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.00 and could fall to a lowest price of $3.00. The stock’s current price level is 67.77% above of average price target set by the analysts, while a rise to estimated low would result in gain of 32.0% for the stock. However, touching the estimated high of $10.00 would mean a gain of 79.6% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 9 times over the past 12 months. They bought 1,482,000 shares in 9 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Aquestive Therapeutics Inc Vanguard Total Stock Market ETF is currently holding 1.02 million shares of worth totaling $1.6 million. The company recently came buying 0.0 shares which brought its stake up to 1.52% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 1582.0 shares, after which its hold over company’s outstanding shares expand to 0.82%, leaving 0.55 million shares with the mutual fund that have a worth of about $0.86 million. Fidelity Extended Market Index Fu, after buying 0.24 million shares, have now control over 0.37% of the stake in the company. It holds 46378.0 shares of worth $0.38 million.
Aquestive Therapeutics Inc (NASDAQ: AQST) started trading at $2.00, above $0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 2.0500, or with a gain of 5.15%. Stock saw a price change of 28.30% in past 5 days and over the past one month there was a price change of 42.66%. Year-to-date (YTD), AQST shares are showing a performance of 126.14% which increased to 124.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.72 but also hit the highest price of $2.69 during that period. The average intraday trading volume for Aquestive Therapeutics Inc shares is 216.14K. The stock is currently trading 26.08% above its 20-day simple moving average (SMA20), while that difference is up 31.05% for SMA50 and it goes to 31.81% higher than SMA200.
Armistice Capital LLC acquired 4.8 million shares of Aquestive Therapeutics Inc having value of about $7.54 million. Data submitted at the U.S SEC by Armistice Capital LLC revealed that the firm now holds 3.64 million shares in the company valued at close to $7429680.0, or have control over 314.51% stake in the company. Aquestive Therapeutics Inc (NASDAQ: AQST) currently have 66.77M outstanding shares and institutions hold larger chunk of about 34.30% of that. Holding of mutual funds in the company is about 3.64% while other institutional holders and individual stake holders have control over 30.68% and 23.39% of the stake respectively.
The stock has a current market capitalization of $136.21M and its 3Y-monthly beta is at 2.64. It has posted earnings per share of -$0.25 in the same period. It has Quick Ratio of 1.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AQST, volatility over the week remained 6.55% while standing at 7.94% over the month.
Analysts are in expectations that Aquestive Therapeutics Inc (AQST) stock would likely to be making an EPS of -$0.08 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.25 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 88.84% while it is estimated to decrease by -138.67% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Aquestive Therapeutics Inc (AQST)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 6 Wall Street analysts, 6 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on April 07, 2021 offering an Outperform rating for the stock and assigned a target price of $7 to it.
