Aptinyx Inc. (NASDAQ: APTX) stock fell -32.33% on Friday to $0.41 against a previous-day closing price of $0.60. With 4.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.32 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.4500 whereas the lowest price it dropped to was $0.3700. The 52-week range on APTX shows that it touched its highest point at $3.76 and its lowest point at $0.36 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 1.24.
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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 APTX was down-trending over the past week, with a drop of -21.13%, but this was down by -39.82% over a month. Three-month performance dropped to -32.33% while six-month performance fell -87.62%. The stock lost -83.95% in the past year, while it has lost -84.79% so far this year. A look at the trailing 12-month EPS for APTX yields -1.16 with Next year EPS estimates of -0.67. For the next quarter, that number is -0.22. This implies an EPS growth rate of -8.80% for this year and 24.80% for next year.
Float and Shares Shorts:
At present, 67.72 million APTX shares are outstanding with a float of 54.08 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.13 million, which was 1.66% higher than short shares on Jun 14, 2022. In addition to Dr. Norbert G. Riedel as the firm’s Exec. Chairman, Dr. Andrew D. Kidd B.M. B.Ch., M.D. serves as its CEO, Pres & Director.
Institutional Ownership:
Through their ownership of 53.07% of APTX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 4.41% of APTX, in contrast to 30.75% held by mutual funds. Shares owned by individuals account for 18.56%. As the largest shareholder in APTX with 9.03% of the stake, Invus Public Equities Advisors LL holds 6,116,493 shares worth 6,116,493. A second-largest stockholder of APTX, The Vanguard Group, Inc., holds 1,951,768 shares, controlling over 2.88% of the firm’s shares. Millennium Management LLC is the third largest shareholder in APTX, holding 1,314,076 shares or 1.94% stake. With a 2.05% stake in APTX, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,388,650 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.73% of APTX stock, is the second-largest Mutual Fund holder. It holds 490,875 shares valued at 0.27 million. Fidelity Extended Market Index Fu holds 0.30% of the stake in APTX, owning 203,667 shares worth 0.11 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APTX since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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 APTX analysts setting a high price target of $5.00 and a low target of $2.00, the average target price over the next 12 months is $3.00. Based on these targets, APTX could surge 1119.51% to reach the target high and rise by 387.8% to reach the target low. Reaching the average price target will result in a growth of 631.71% 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. APTX will report FY 2022 earnings on 03/22/2023. Analysts have provided yearly estimates in a range of -$0.71 being high and -$1.10 being low. For APTX, this leads to a yearly average estimate of -$0.97. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Aptinyx Inc. surprised analysts by $0.02 when it reported -$0.26 EPS against a consensus estimate of -$0.28. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.13 and the low estimate is -$0.27. The average estimate for the next quarter is thus -$0.22.
Summary of Insider Activity:
Insiders traded APTX 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 increased to 7 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 322,700 while 0 shares were sold.
