A share price of Aldeyra Therapeutics Inc [ALDX] is currently trading at $5.76, up 7.07%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALDX shares have gain 3.32% over the last week, with a monthly amount glided 55.12%, 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 $7.79. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Aldeyra Therapeutics Inc [NASDAQ: ALDX] shares were valued at $5.76 at the most recent close of the market. An investor can expect a potential return of 73.61% based on the average ALDX price forecast.
Analyzing the ALDX fundamentals
Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -109.65%, Pretax Profit Margin comes in at -96.45%, and Net Profit Margin reading is -96.45%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.33 and Total Capital is -0.44. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.
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 5.48 points at the first support level, and at 5.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.94, and for the 2nd resistance point, it is at 6.13.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Aldeyra Therapeutics Inc [NASDAQ:ALDX] is 4.41. Further, the Quick Ratio stands at 4.41, while the Cash Ratio is 1.12.
Transactions by insiders
Recent insider trading involved Machatha Stephen, Chief Development Officer, that happened on Aug 12 ’24 when 16041.0 shares were sold., Greenberg Bruce completed a deal on Aug 12 ’24 to sell 10834.0 shares. Meanwhile, Officer Greenberg Bruce bought 10834.0 shares on Aug 12 ’24.
