There is no way Applied DNA Sciences Inc. (APDN) can keep these numbers up

Applied DNA Sciences Inc. (NASDAQ: APDN) stock jumped 46.43% on Friday to $4.10 against a previous-day closing price of $2.80. With 107.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.01 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $5.7600 whereas the lowest price it dropped to was $3.5900. The 52-week range on APDN shows that it touched its highest point at $7.88 and its lowest point at $0.62 during that stretch. It currently has a 1-year price target of $11.33. Beta for the stock currently stands at 1.27.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APDN was up-trending over the past week, with a rise of 486.38%, but this was up by 400.73% over a month. Three-month performance surged to 167.97% while six-month performance rose 21.66%. The stock lost -39.79% in the past year, while it has gained 1.99% so far this year. A look at the trailing 12-month EPS for APDN yields -1.93 with Next year EPS estimates of -0.82. For the next quarter, that number is -0.32. This implies an EPS growth rate of 37.90% for this year and 38.90% for next year.

Float and Shares Shorts:

At present, 8.09 million APDN shares are outstanding with a float of 8.06 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.27 million, which was 3.05% higher than short shares on Jun 14, 2022. In addition to Dr. James A. Hayward Ph.D., Sc.D. as the firm’s Chairman, Pres & CEO, Ms. Beth M. Jantzen CPA, CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 11.60% of APDN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.52% of APDN, in contrast to 5.13% held by mutual funds. Shares owned by individuals account for 3.90%. As the largest shareholder in APDN with 5.58% of the stake, Armistice Capital LLC holds 459,769 shares worth 459,769. A second-largest stockholder of APDN, The Vanguard Group, Inc., holds 210,226 shares, controlling over 2.55% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in APDN, holding 81,991 shares or 1.00% stake. With a 1.46% stake in APDN, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 120,114 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.06% of APDN stock, is the second-largest Mutual Fund holder. It holds 87,412 shares valued at 64510.0. DFA US Micro Cap Portfolio holds 0.44% of the stake in APDN, owning 36,140 shares worth 26671.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APDN since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With APDN analysts setting a high price target of $24.00 and a low target of $4.00, the average target price over the next 12 months is $11.33. Based on these targets, APDN could surge 485.37% to reach the target high and fall by -2.44% to reach the target low. Reaching the average price target will result in a growth of 176.34% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. APDN will report FY 2022 earnings on 12/22/2022. Analysts have provided yearly estimates in a range of -$1.28 being high and -$1.50 being low. For APDN, this leads to a yearly average estimate of -$1.41. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Applied DNA Sciences Inc. surprised analysts by $0.10 when it reported -$0.23 EPS against a consensus estimate of -$0.33. The surprise factor in the prior quarter was -$0.36. Based on analyst estimates, the high estimate for the next quarter is -$0.25 and the low estimate is -$0.36. The average estimate for the next quarter is thus -$0.32.

Summary of Insider Activity:

Insiders traded APDN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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