Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Aldeyra Therapeutics Inc (NASDAQ: ALDX) closed the day trading at $3.94 up 0.77% from the previous closing price of $3.91. In other words, the price has increased by $0.77 from its previous closing price. On the day, 0.57 million shares were traded. ALDX stock price reached its highest trading level at $4.0 during the session, while it also had its lowest trading level at $3.875.
Ratios:
For a better understanding of ALDX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.44 and its Current Ratio is at 6.44. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 05 ’24 when PERCEPTIVE ADVISORS LLC bought 37,712 shares for $4.74 per share. The transaction valued at 178,755 led to the insider holds 9,275,851 shares of the business.
PERCEPTIVE ADVISORS LLC bought 140,281 shares of ALDX for $655,112 on Apr 04 ’24. The 10% Owner now owns 9,238,139 shares after completing the transaction at $4.67 per share. On Apr 03 ’24, another insider, PERCEPTIVE ADVISORS LLC, who serves as the 10% Owner of the company, bought 309,847 shares for $4.09 each. As a result, the insider paid 1,267,274 and bolstered with 9,097,858 shares of the company.
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 234093136 and an Enterprise Value of 104883672.
Stock Price History:
Over the past 52 weeks, ALDX has reached a high of $11.97, while it has fallen to a 52-week low of $1.42. The 50-Day Moving Average of the stock is 9.24%, while the 200-Day Moving Average is calculated to be -12.54%.
Shares Statistics:
Over the past 3-months, ALDX traded about 587.10K shares per day on average, while over the past 10 days, ALDX traded about 528750 shares per day. A total of 59.20M shares are outstanding, with a floating share count of 56.53M. Insiders hold about 4.01% of the company’s shares, while institutions hold 61.32% stake in the company. Shares short for ALDX as of 1711584000 were 2051607 with a Short Ratio of 3.49, compared to 1709164800 on 1943274. Therefore, it implies a Short% of Shares Outstanding of 2051607 and a Short% of Float of 4.42.
