RBC Capital Mkts raised the price target for the Applied Therapeutics Inc (NASDAQ:APLT) stock to “an Outperform”. The rating was released on March 26, 2024, according to finviz. The research report from Barclays has downgraded the stock from Overweight to Equal Weight, with a price target set at $7. The stock was downgraded by Goldman, who disclosed in a research note on August 27, 2021, from Neutral to Sell and set the price objective to $10. In their research brief published June 25, 2021, Goldman analysts resumed the Applied Therapeutics Inc stock to Neutral with a price target of $18.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -10.60% within the last five trades and -13.06% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 121.93% in the last 6 months and 102.40% was added to its value over the previous 3 months. APLT stock is trading at a margin of -18.14%, -7.38% and 69.73% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, APLT deals in the Healthcare domain. The stock is trading -46.11 percent below its 52-week high and 548.72 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 74.01. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Applied Therapeutics Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -586.31 percent and the profit margin is -905.38 percent, and the company has reported a gross margin of 95.68 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $535.80 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 50.26 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 21.80 percent of Applied Therapeutics Inc shares are owned by insiders, and 56.10 percent are held by financial institutions. Shendelman Shoshana, the President and CEO at Applied Therapeutics Inc (APLT) has sold 318,573 shares of firm on Mar 14 ’24 at a price of $5.39 against the total amount of $1.72 million. In another inside trade, Perfetti Riccardo, Chief Medical Officer of Applied Therapeutics Inc (NASDAQ:APLT) sold 110,804 shares of the firm on Mar 14 ’24 for a total worth of $0.6 million at a price of $5.39. An inside trade which took place on Mar 14 ’24, Chief Commercial Officer of Applied Therapeutics Inc Hansard Adam sold 48,871 shares of firm against total price of $0.26 million at the cost of $5.39 per share.
