A share price of Aldeyra Therapeutics Inc [ALDX] is currently trading at $4.20, up 6.60%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALDX shares have gain 6.60% over the last week, with a monthly amount glided 18.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Aldeyra Therapeutics Inc [NASDAQ: ALDX] stock has seen the most recent analyst activity on April 03, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $10 for it. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $26 on February 08, 2021. Berenberg initiated its recommendation with a Buy and recommended $32 as its price target on December 16, 2020. Jefferies started tracking with a Buy rating for this stock on October 30, 2020, and assigned it a price target of $24. In a note dated October 16, 2020, BTIG Research initiated an Buy rating and provided a target price of $29 on this stock.
Aldeyra Therapeutics Inc experienced fluctuations in its stock price throughout the past year between $1.42 and $11.97. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Aldeyra Therapeutics Inc [NASDAQ: ALDX] shares were valued at $4.20 at the most recent close of the market. An investor can expect a potential return of 138.1% based on the average ALDX price forecast.
Analyzing the ALDX fundamentals
Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at -109.0%, Pretax Profit Margin comes in at -95.62%, and Net Profit Margin reading is -93.85%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.29 and Total Capital is -0.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.01 points at the first support level, and at 3.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.34, and for the 2nd resistance point, it is at 4.49.
Aldeyra Therapeutics Inc [ALDX] reported earnings per share of -$0.08 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.14/share, meaning a difference of $0.06 and a surprise factor of 42.90%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.14 per share as compared to estimates of -$0.24 per share, a difference of $0.1 representing a surprise of 41.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Aldeyra Therapeutics Inc [NASDAQ:ALDX] is 6.44. In addition, the Quick Ratio stands at 6.44 and the Cash Ratio stands at 6.42.
Transactions by insiders
Recent insider trading involved PERCEPTIVE ADVISORS LLC, 10% Owner, that happened on Apr 05 ’24 when 37712.0 shares were purchased. 10% Owner, PERCEPTIVE ADVISORS LLC completed a deal on Apr 04 ’24 to buy 0.14 million shares. Meanwhile, 10% Owner PERCEPTIVE ADVISORS LLC bought 0.31 million shares on Apr 03 ’24.
