Applied Therapeutics Inc [APLT] stock prices are down -3.75% to $7.70 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The APLT shares have gain 57.46% over the last week, with a monthly amount glided 23.79%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, RBC Capital Mkts started tracking the stock with Outperform rating on March 26, 2024, and set its price target to $12. On February 22, 2024, Leerink Partners initiated with a Outperform rating and assigned a price target of $12 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $7 on January 04, 2022. Goldman downgraded its rating to a Sell and reduced its price target to $10 on August 27, 2021. In a note dated October 08, 2020, Truist initiated an Buy rating and provided a target price of $85 on this stock.
The stock price of Applied Therapeutics Inc [APLT] has been fluctuating between $1.79 and $9.39 over the past year. Applied Therapeutics Inc [NASDAQ: APLT] shares were valued at $7.70 at the most recent close of the market.
Analyzing the APLT fundamentals
The Applied Therapeutics Inc [NASDAQ:APLT] reported sales of 10.66M for trailing twelve months, representing a drop of -98.65%. Gross Profit Margin for this corporation currently stands at 3.12% with Operating Profit Margin at 234.34%, Pretax Profit Margin comes in at 483.75%, and Net Profit Margin reading is 483.75%. To continue investigating profitability, this company’s Return on Assets is posted at -1.26, Equity is -5.78 and Total Capital is -1.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 7.36 points at the first support level, and at 7.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.21, and for the 2nd resistance point, it is at 8.72.
Ratios To Look Out For
It’s worth pointing out that Applied Therapeutics Inc [NASDAQ:APLT]’s Current Ratio is 2.30. On the other hand, the Quick Ratio is 2.30, and the Cash Ratio is 2.21. Considering the valuation of this stock, the price to sales ratio is 82.96, the price to book ratio is 12.22.
Transactions by insiders
Recent insider trading involved Funtleyder Leslie D., Chief Financial Officer, that happened on Aug 22 ’24 when 13530.0 shares were sold. Chief Medical Officer, Perfetti Riccardo completed a deal on Aug 22 ’24 to sell 22681.0 shares. Meanwhile, President and CEO Shendelman Shoshana sold 0.36 million shares on Aug 13 ’24.
