Following The Money: Institution’s Growing Stake In Applied Therapeutics Inc (NASDAQ: APLT)

Applied Therapeutics Inc (APLT) concluded trading on Wednesday at a closing price of $7.85, with 51.01 million shares of worth about $400.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.40% during that period and on September 18, 2024 the price saw a gain of about 68.82%. Currently the company’s common shares owned by public are about 114.85M shares, out of which, 86.00M shares are available for trading.

Stock saw a price change of 50.67% in past 5 days and over the past one month there was a price change of 33.50%. Year-to-date (YTD), APLT shares are showing a performance of 134.33% which increased to 296.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.79 but also hit the highest price of $9.39 during that period. The average intraday trading volume for Applied Therapeutics Inc shares is 1.27 million. The stock is currently trading 39.40% above its 20-day simple moving average (SMA20), while that difference is up 39.39% for SMA50 and it goes to 67.66% higher than SMA200.

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Applied Therapeutics Inc (NASDAQ: APLT) currently have 114.85M outstanding shares and institutions hold larger chunk of about 79.94% of that.

The stock has a current market capitalization of $901.57M and its 3Y-monthly beta is at 2.06. It has posted earnings per share of -$1.32 in the same period. It has Quick Ratio of 2.30 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APLT, volatility over the week remained 12.39% while standing at 9.41% over the month.

Stock’s fiscal year EPS is expected to rise by 32.59% while it is estimated to increase by 53.23% in next year.

Coverage by RBC Capital Mkts stated Applied Therapeutics Inc (APLT) stock as an Outperform in their note to investors on March 26, 2024, suggesting a price target of $12 for the stock. On February 22, 2024, Leerink Partners Initiated their recommendations, while on January 04, 2022, Barclays Downgrade their ratings for the stock with a price target of $7. Stock get a Sell rating from Goldman on August 27, 2021.

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