Look At Analyst Expectations For A Better Read On Apellis Pharmaceuticals Inc (NASDAQ: APLS)

Currently, there are 119.56M common shares owned by the public and among those 101.06M shares have been available to trade.

The company’s stock has a 5-day price change of -9.79% and -20.70% over the past three months. APLS shares are trading -53.66% year to date (YTD), with the 12-month market performance down to -27.08% lower. It has a 12-month low price of $28.33 and touched a high of $73.80 over the same period. APLS has an average intraday trading volume of 1.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -21.61%, -24.63%, and -43.42% respectively.

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Institutional ownership of Apellis Pharmaceuticals Inc (NASDAQ: APLS) shares accounts for 92.91% of the company’s 119.56M shares outstanding.

It has a market capitalization of $3.38B and a beta (3y monthly) value of 0.87. The earnings-per-share (ttm) stands at -$2.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.28% over the week and 5.32% over the month.

Earnings per share for the fiscal year are expected to increase by 71.43%, and 114.94% over the next financial year. EPS should grow at an annualized rate of 33.30% over the next five years, compared to -13.70% over the past 5-year period.

Looking at the support for the APLS, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on May 31, 2024, with the firm’s price target at $46. Jefferies coverage for the Apellis Pharmaceuticals Inc (APLS) stock in a research note released on February 05, 2024 offered a Buy rating with a price target of $80. Wells Fargo was of a view on December 14, 2023 that the stock is Equal Weight, while Goldman gave the stock Buy rating on November 09, 2023, issuing a price target of $74. Mizuho on their part issued Neutral rating on November 02, 2023.

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