Trading Day Review: Apellis Pharmaceuticals Inc (APLS) Gains Momentum, Closing at 38.57

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The price of Apellis Pharmaceuticals Inc (NASDAQ: APLS) closed at $38.57 in the last session, up 3.54% from day before closing price of $37.25. In other words, the price has increased by $3.54 from its previous closing price. On the day, 0.79 million shares were traded. APLS stock price reached its highest trading level at $38.57 during the session, while it also had its lowest trading level at $36.82.

Ratios:

We take a closer look at APLS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 4.18 and its Current Ratio is at 5.08. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.77.

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, Piper Sandler on May 31, 2024, initiated with a Neutral rating and assigned the stock a target price of $46.

On February 05, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $68 to $80.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when Dunlop A. Sinclair sold 37,000 shares for $39.24 per share. The transaction valued at 1,451,835 led to the insider holds 136,998 shares of the business.

Deschatelets Pascal sold 78,907 shares of APLS for $3,341,848 on May 08 ’24. The Chief Scientific Officer now owns 1,115,983 shares after completing the transaction at $42.35 per share. On Apr 08 ’24, another insider, Deschatelets Pascal, who serves as the Chief Scientific Officer of the company, sold 69,107 shares for $54.17 each. As a result, the insider received 3,743,605 and left with 1,115,983 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, APLS now has a Market Capitalization of 4696514560 and an Enterprise Value of 4802996224. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.47 while its Price-to-Book (P/B) ratio in mrq is 17.76. Its current Enterprise Value per Revenue stands at 7.639 whereas that against EBITDA is -15.429.

Stock Price History:

Over the past 52 weeks, APLS has reached a high of $73.80, while it has fallen to a 52-week low of $29.79. The 50-Day Moving Average of the stock is 0.40%, while the 200-Day Moving Average is calculated to be -24.89%.

Shares Statistics:

According to the various share statistics, APLS traded on average about 1.48M shares per day over the past 3-months and 1590360 shares per day over the past 10 days. A total of 119.56M shares are outstanding, with a floating share count of 100.86M. Insiders hold about 17.90% of the company’s shares, while institutions hold 93.20% stake in the company. Shares short for APLS as of 1722384000 were 15916603 with a Short Ratio of 10.78, compared to 1719532800 on 14814085. Therefore, it implies a Short% of Shares Outstanding of 15916603 and a Short% of Float of 18.040001.

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