AEON Biopharma Inc.’s Market Journey: Closing Weak at 2.64, Down -7.69

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The closing price of AEON Biopharma Inc. (AMEX: AEON) was $2.64 for the day, down -7.69% from the previous closing price of $2.86. In other words, the price has decreased by -$7.69 from its previous closing price. On the day, 2.0 million shares were traded. AEON stock price reached its highest trading level at $2.81 during the session, while it also had its lowest trading level at $2.4.

Ratios:

Our analysis of AEON’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.16 and its Current Ratio is at 0.16.

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 this company, H.C. Wainwright on August 18, 2023, initiated with a Buy rating and assigned the stock a target price of $18.

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 Aug 11 ’23 when Strathspey Crown Holdings Grou sold 7,380,394 shares for $10.00 per share. The transaction valued at 73,803,940 led to the insider holds 2,031,773 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AEON now has a Market Capitalization of 111889544 and an Enterprise Value of 107016712.

Stock Price History:

The Beta on a monthly basis for AEON is 0.93, which has changed by -0.71304345 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, AEON has reached a high of $17.17, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is 80.28%, while the 200-Day Moving Average is calculated to be -55.99%.

Shares Statistics:

AEON traded an average of 1.62M shares per day over the past three months and 9731960 shares per day over the past ten days. A total of 37.16M shares are outstanding, with a floating share count of 12.77M. Insiders hold about 67.35% of the company’s shares, while institutions hold 14.82% stake in the company. Shares short for AEON as of 1719532800 were 145892 with a Short Ratio of 0.09, compared to 1717113600 on 180364. Therefore, it implies a Short% of Shares Outstanding of 145892 and a Short% of Float of 0.66000004.

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