Applied UV Inc. (NASDAQ: AUVI) stock jumped 10.00% on Wednesday to $0.66 against a previous-day closing price of $0.60. With 1.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.29 million shares. During the session, the Furnishings Fixtures & Appliances company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.6800 whereas the lowest price it dropped to was $0.5300. The 52-week range on AUVI shows that it touched its highest point at $4.20 and its lowest point at $0.40 during that stretch. It currently has a 1-year price target of $5.25.
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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 AUVI was up-trending over the past week, with a rise of 48.31%, but this was down by -7.04% over a month. Three-month performance dropped to -34.65% while six-month performance fell -33.34%. The stock lost -41.07% in the past year, while it has lost -27.06% so far this year. A look at the trailing 12-month EPS for AUVI yields -1.41 with Next year EPS estimates of -0.44. For the next quarter, that number is -0.27. This implies an EPS growth rate of -63.90% for this year and 38.00% for next year.
Float and Shares Shorts:
At present, 12.77 million AUVI shares are outstanding with a float of 6.41 million shares on hand for trading. On Apr 27, 2023, short shares totaled 90650.0, which was 0.47% higher than short shares on Mar 30, 2023. In addition to Mr. Max Munn as the firm’s Founder, CEO, Pres & Director, Mr. Michael Gerard Riccio CPA serves as its Sr. VP & CFO.
Through their ownership of 1.84% of AUVI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 29.74% of AUVI, in contrast to 1.55% held by mutual funds. Shares owned by individuals account for 0.54%. As the largest shareholder in AUVI with 0.65% of the stake, Securities America Advisors, Inc. holds 124,688 shares worth 124,688. A second-largest stockholder of AUVI, The Vanguard Group, Inc., holds 72,723 shares, controlling over 0.38% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in AUVI, holding 34,378 shares or 0.18% stake. With a 0.20% stake in AUVI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 38,595 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.18% of AUVI stock, is the second-largest Mutual Fund holder. It holds 34,128 shares valued at 20477.0. Fidelity Extended Market Index Fu holds 0.11% of the stake in AUVI, owning 21,528 shares worth 12917.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AUVI reported revenue of $5.91M and operating income of -$2.81M. The EBITDA in the recently reported quarter was -$1.93M and diluted EPS was -$0.26.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AUVI 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. With AUVI analysts setting a high price target of $2.50 and a low target of $2.50, the average target price over the next 12 months is $2.50. Based on these targets, AUVI could surge 278.79% to reach the target high and rise by 278.79% to reach the target low. Reaching the average price target will result in a growth of 278.79% 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.
Summary of Insider Activity:
Insiders traded AUVI 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 20 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 45,100 while 12,500 shares were sold.