Wall Street analysts’ outlook for AppTech Payments Corp. (APCX)

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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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