Analysis of Applied Therapeutics Inc. (NASDAQ:APLT): Selected Notes

The closing price of Applied Therapeutics Inc. (NASDAQ: APLT) was $0.89 for the day, up 4.71% from the previous closing price of $0.85. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 227762 shares were traded. APLT stock price reached its highest trading level at $0.9100 during the session, while it also had its lowest trading level at $0.8240.

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Ratios:

Our analysis of APLT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on January 04, 2022, Downgraded its rating to Equal Weight and sets its target price to $7 from $44 previously.

On August 27, 2021, Goldman Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $16 to $10.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 14 when Shendelman Shoshana bought 50,000 shares for $0.65 per share. The transaction valued at 32,250 led to the insider holds 767,495 shares of the business.

Shendelman Shoshana bought 73,256 shares of APLT for $40,891 on Oct 13. The President and CEO now owns 717,495 shares after completing the transaction at $0.56 per share. On Oct 12, another insider, Shendelman Shoshana, who serves as the President and CEO of the company, bought 38,153 shares for $0.52 each. As a result, the insider paid 19,943 and bolstered with 644,239 shares of the company.

Stock Price History:

Over the past 52 weeks, APLT has reached a high of $11.87, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is 0.8381, while the 200-Day Moving Average is calculated to be 1.4014.

Shares Statistics:

APLT traded an average of 317.26K shares per day over the past three months and 515.83k shares per day over the past ten days. A total of 48.00M shares are outstanding, with a floating share count of 42.58M. Insiders hold about 2.30% of the company’s shares, while institutions hold 57.00% stake in the company. Shares short for APLT as of Oct 13, 2022 were 261.45k with a Short Ratio of 0.23M, compared to 212k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.54% and a Short% of Float of 0.73%.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$0.48 for the current quarter, with a high estimate of -$0.42 and a low estimate of -$0.58, while EPS last year was -$1.09. The consensus estimate for the next quarter is -$0.47, with high estimates of -$0.4 and low estimates of -$0.55.

Analysts are recommending an EPS of between -$2.45 and -$2.7 for the fiscal current year, implying an average EPS of -$2.56. EPS for the following year is -$1.8, with 5 analysts recommending between -$1.17 and -$2.14.