Perhaps timely catching Alzamend Neuro Inc. (ALZN) would be a good idea

Alzamend Neuro Inc. (NASDAQ: ALZN) stock jumped 6.31% on Wednesday to $1.18 against a previous-day closing price of $1.11. With 5.37 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.3800 whereas the lowest price it dropped to was $1.1200. The 52-week range on ALZN shows that it touched its highest point at $3.57 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $11.12.

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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 ALZN was down-trending over the past week, with a drop of -9.92%, but this was up by 21.54% over a month. Three-month performance surged to 34.05% while six-month performance fell -7.09%. The stock lost -51.44% in the past year, while it has lost -37.89% so far this year. A look at the trailing 12-month EPS for ALZN yields -0.14 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.05. This implies an EPS growth rate of -133.50% for this year and 0.00% for next year.

Float and Shares Shorts:

At present, 97.48 million ALZN shares are outstanding with a float of 47.24 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.17 million, which was 1.23% higher than short shares on Jun 14, 2022. In addition to Mr. Stephan Jackman as the firm’s CEO & Director, Ms. Lien T. Escalona serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 3.48% of ALZN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.05% of ALZN, in contrast to 101.48% held by mutual funds. Shares owned by individuals account for 0.19%. As the largest shareholder in ALZN with 2.42% of the stake, Truist Bank holds 2,314,907 shares worth 2,314,907. A second-largest stockholder of ALZN, RFG Advisory LLC, holds 250,000 shares, controlling over 0.26% of the firm’s shares. Citadel Advisors LLC is the third largest shareholder in ALZN, holding 101,646 shares or 0.11% stake. With a 0.14% stake in ALZN, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 136,425 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.04% of ALZN stock, is the second-largest Mutual Fund holder. It holds 40,587 shares valued at 36731.0. USAA Extended Market Index Fund holds 0.01% of the stake in ALZN, owning 5,631 shares worth 5096.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALZN since 2 analysts follow the stock currently. There are 2 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 ALZN analysts setting a high price target of $15.00 and a low target of $7.25, the average target price over the next 12 months is $11.13. Based on these targets, ALZN could surge 1171.19% to reach the target high and rise by 514.41% to reach the target low. Reaching the average price target will result in a growth of 843.22% 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. ALZN will report FY 2023 earnings on 06/28/2023. Analysts have provided yearly estimates in a range of -$0.16 being high and -$0.19 being low. For ALZN, this leads to a yearly average estimate of -$0.17. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Alzamend Neuro Inc. surprised analysts by $0.04 when it reported -$0.03 EPS against a consensus estimate of -$0.07. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.05.

Summary of Insider Activity:

Insiders traded ALZN 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 38 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 3,677,600 while 122,016 shares were sold.

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