Financial Metrics Exploration: Understanding Aldeyra Therapeutics Inc (ALDX) Through Ratios

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The closing price of Aldeyra Therapeutics Inc (NASDAQ: ALDX) was $4.97 for the day, up 2.47% from the previous closing price of $4.85. In other words, the price has increased by $2.47 from its previous closing price. On the day, 0.61 million shares were traded. ALDX stock price reached its highest trading level at $5.0034 during the session, while it also had its lowest trading level at $4.8136.

Ratios:

Our analysis of ALDX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.64 and its Current Ratio is at 6.64. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.18.

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 12 ’24 when Machatha Stephen sold 16,041 shares for $4.74 per share. The transaction valued at 75,975 led to the insider holds 236,771 shares of the business.

Greenberg Bruce sold 10,834 shares of ALDX for $51,313 on Aug 12 ’24. The insider now owns 126,382 shares after completing the transaction at $4.74 per share. On Aug 12 ’24, another insider, Greenberg Bruce, who serves as the Officer of the company, bought 10,834 shares for $5.10 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALDX now has a Market Capitalization of 295961504 and an Enterprise Value of 238830736.

Stock Price History:

Over the past 52 weeks, ALDX has reached a high of $6.55, while it has fallen to a 52-week low of $2.43. The 50-Day Moving Average of the stock is -6.29%, while the 200-Day Moving Average is calculated to be 14.17%.

Shares Statistics:

ALDX traded an average of 490.32K shares per day over the past three months and 776370 shares per day over the past ten days. A total of 59.20M shares are outstanding, with a floating share count of 57.82M. Insiders hold about 2.91% of the company’s shares, while institutions hold 61.57% stake in the company. Shares short for ALDX as of 1730332800 were 3666400 with a Short Ratio of 7.48, compared to 1727654400 on 2998452. Therefore, it implies a Short% of Shares Outstanding of 3666400 and a Short% of Float of 7.430000000000001.

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