With 0.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. The 52-week range on APPN shows that it touched its highest point at $43.33 and its lowest point at $24.00 during that stretch. It currently has a 1-year price target of $32.33. Beta for the stock currently stands at 1.79.
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 APPN was down-trending over the past week, with a drop of -2.06%, but this was up by 17.41% over a month. Three-month performance dropped to -14.00% while six-month performance fell -16.98%. The stock lost -4.91% in the past year, while it has lost -7.79% so far this year. A look at the trailing 12-month EPS for APPN yields -1.27 with Next year EPS estimates of 0.55. For the next quarter, that number is 0.03. This implies an EPS growth rate of 149.61% for this year and 215.67% for next year.
Float and Shares Shorts:
At present, 42.94 million APPN shares are outstanding with a float of 38.78 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APPN since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.33709 being high and -$0.36683 being low. For APPN, this leads to a yearly average estimate of -$0.35692. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.16. The average estimate for the next quarter is thus -$0.13.
