Apexigen Inc. (NASDAQ:APGN) currently has a daily average trading volume of 109.14K but it saw 10122762 shares traded on Wednesday. With a market cap of 14.42M USD, stock’s current market price of $0.58 came rising about 45.03 while comparing to the previous closing price of $0.40. In past 52 weeks, the stock remained buoying in the range of price level as high as $31.35 and as low as $0.33. In the recent trading on the day, stock has struck highest price mark of $0.628 while lowest mark touched by it was $0.4902.
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Taking a look at 20-day trading activity of Apexigen Inc. (APGN) gives us an average price of $0.4149, while its current price level is -98.15% below from 52-week high level whereas it is 75.40% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4911 while that of 200 days or SMA-200 reads an average of $2.2031. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.39% during that period while stretching the period over a month that increases to 18.89%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 62.35 which implies that the stock is in neutral territory.
Apexigen Inc. (APGN)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $0.64 and $9.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $0.64 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $9.00. Average price target assigned by them is $3.43 which highlights an upside potential of 83.09% for the stock over that period. And to attain the median price target of $0.64 assigned by those analysts, stock has to add about 9.38% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, APGN’s stock price is moving 52.96% up while it is 27.41% when we observe its performance for the past one month. Year-to-date it is -15.00% down and over the past year, the stock is showing a downside performance of -94.27%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.25 beaten by the consensus estimate of -$0.19 for the same. The company is expected to be releasing its next quarterly report in 08/30/2023, for which analysts forecasted an EPS of -$0.1 while estimate for next year EPS is -$0.85. For APGN, analysts are forecasting an EPS-growth rate of 47.50% for current year and estimate for EPS growth in next year is 18.80%. In next quarter, company is expected to be making quarterly sales of $3.7 million as analysts are expecting the sales for current fiscal year at $3.7 million and seeing the company making $6.87 million in sales next year. Moreover, analysts are in estimates of $3.7 million for current-quarter revenue.
Currently, Apexigen Inc.’s total number of outstanding shares is 22.65M with 7.09% of that held by the insiders while 12.84% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 45.60%. Stock has a price to book (P/B) ratio of 2.07. Its return on asset (ROA) is -119.10% on average.
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