AppTech Payments Corp. (NASDAQ: APCX) stock jumped 19.97% on Friday to $0.84 against a previous-day closing price of $0.70. With 4.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.13 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $1.2300 whereas the lowest price it dropped to was $0.6500. The 52-week range on APCX shows that it touched its highest point at $20.24 and its lowest point at $0.45 during that stretch. Beta for the stock currently stands at 1.68.
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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 APCX was up-trending over the past week, with a rise of 14.32%, but this was up by 27.29% over a month. Three-month performance surged to 3.88% while six-month performance fell -54.84%. The stock lost -93.33% in the past year, while it has lost -93.25% so far this year.
Float and Shares Shorts:
At present, 16.25 million APCX shares are outstanding with a float of 11.24 million shares on hand for trading. On Jul 14, 2022, short shares totaled 36020.0, which was 0.22% higher than short shares on Jun 14, 2022. In addition to Mr. Luke D’Angelo as the firm’s Exec. Chairman, CEO & Chief Investment Officer, Mr. Virgilio Llapitan serves as its Pres.
Through their ownership of 2.29% of APCX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.06% of APCX, in contrast to 1.25% held by mutual funds. Shares owned by individuals account for 0.19%. As the largest shareholder in APCX with 0.43% of the stake, Verition Fund Management LLC holds 70,000 shares worth 70,000. A second-largest stockholder of APCX, Castle Creek Arbitrage LLC, holds 47,500 shares, controlling over 0.29% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in APCX, holding 35,884 shares or 0.22% stake. With a 0.12% stake in APCX, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 20,044 shares are owned by the mutual fund manager. The Fidelity Series Total Market Inde, which owns about 0.06% of APCX stock, is the second-largest Mutual Fund holder. It holds 10,018 shares valued at 6492.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APCX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded APCX stock several times over the past three months with 8 Buys and 0 Sells. In these transactions, 105,414 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 567,897 while 0 shares were sold.