Is Applied Dna Sciences Inc (NASDAQ: APDN) Proving The Doubters Wrong?

Applied Dna Sciences Inc (APDN) concluded trading on Wednesday at a closing price of $0.31, with 3.43 million shares of worth about $1.06 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -95.29% during that period and on October 16, 2024 the price saw a gain of about 7.50%. Currently the company’s common shares owned by public are about 10.30M shares, out of which, 10.29M shares are available for trading.

Stock saw a price change of -10.29% in past 5 days and over the past one month there was a price change of -77.08%. Year-to-date (YTD), APDN shares are showing a performance of -97.45% which decreased to -98.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.28 but also hit the highest price of $22.80 during that period. The average intraday trading volume for Applied Dna Sciences Inc shares is 10.27 million. The stock is currently trading -48.60% below its 20-day simple moving average (SMA20), while that difference is down -70.45% for SMA50 and it goes to -93.56% lower than SMA200.

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Applied Dna Sciences Inc (NASDAQ: APDN) currently have 10.30M outstanding shares and institutions hold larger chunk of about 13.91% of that.

The stock has a current market capitalization of $3.23M and its 3Y-monthly beta is at 0.36. It has posted earnings per share of -$11.94 in the same period. It has Quick Ratio of 3.76 while making debt-to-equity ratio of 0.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APDN, volatility over the week remained 11.43% while standing at 15.14% over the month.

Stock’s fiscal year EPS is expected to rise by 71.32% while it is estimated to increase by 76.03% in next year.

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 ROTH Capital on February 12, 2021 offering a Buy rating for the stock and assigned a target price of $24 to it. Coverage by H.C. Wainwright stated Applied Dna Sciences Inc (APDN) stock as a Buy in their note to investors on January 14, 2021, suggesting a price target of $14 for the stock. On December 18, 2020, H.C. Wainwright Reiterated their recommendations, while on July 20, 2020, H.C. Wainwright Reiterated their ratings for the stock with a price target of $22. Stock get a Buy rating from H.C. Wainwright on July 02, 2020.

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