Aptinyx Inc. (NASDAQ:APTX) is one of the hottest stocks trading today on the U.S. Markets as the company shares are 5.13% or 0.16 points lower from last closing price of $3.12, reaching $2.96 at last check. Any clue why there is so much of action in the APTX stock? The share price has dropped in 3 of the last 5 days and is down -23.15% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 7,186 shares, and in total 161986 shares valued at $479479 were seen changing hands compared with 154800 shares valued at $482976 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the APTX stock.
Aptinyx Inc. (APTX) shares have notched a 3-month decline of about -23.15%, but has still tumbled -81.14% year to date. By comparison, the stock sank 0% over the past 12 months, while it slipped -14.29% over the 1 month. The company’s market cap is around $102.27M, with its short interest ratio standing at 1.74%.
In the current trading session for APTX, the stock witnessed two major price actions, it rose to a high of $3.13 and was down as much as $2.96 at one point. The high recorded is very low when compared to their 52-week high which is $2.88. The 52-week high is now at -90.82 distance from current price. Their recent low of $32.25 represents a 2.78% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for APTX is $16.33, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Aptinyx Inc. earned $-1.76 per share in the trailing 12 months and has a P/E ratio of -1.68. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 32.58 and lower compared to the sector’s average of 37.46. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. APTX also has P/S multiple of 19.41. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 8.22x.
The company recorded an interesting insider purchase transaction by the Director on May 08, 2019. A Securities and Exchanges Commission filings show that Henry O Gosebruch bought a total of 100,000 APTX shares that day for a sum of around $386,000. Aptinyx Inc. (APTX) insiders have acquired 100,000 shares in the stock within the past three months. In total, individual insiders traded 100,000 shares in the business, which makes up 0.349% of 28,642,697 shares that were traded over a year. In the past 12 months, insiders have purchased 28,642,697 shares while the seller parted with shares.
APTX‘s last price was down -78.71% as compared to the average trading price of 50 days recorded at $13.9 while enlarging the period to 200 trading days, the average closing price was $3.61. At present, there are 32.78 million in the total number of common shares owned by the public and among those 26.92 million shares have been available to trade. The percentage of shares being held by the company management was 2% while institutions stake was 68.1%. The company has generated negative returns on equity over the last 12 months (-37.5%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the APTX stock, there is another set of technicals that should be looked into and considered. Its -8.92% decline from moving average of $3.25 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Aptinyx Inc. — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $15 on shares of Aptinyx Inc. (NASDAQ:APTX), which corresponds to 406.76% upside potential than its current market price of $2.96 and implies potential despite the recent drop in the price. However, their current target price has fallen from $15 a month ago and is down handily from the consensus target of $22 a quarter ago.
Let’s briefly check the hedge fund interest towards APTX stock. Marshall Wace LLP added position in the company after it grew 50% or 167,569 shares of its common stock. The hedge fund now owns 251,353 shares worth $744,005, SEC documents show. Morgan Stanley shored up assets in the stock as 344231 shares have been purchased, increasing its stake by 48.9% to 512,560 shares which are currently valued at $1,517,178. In addition, New Leaf Venture Partners L.L.C. recently reported that it now owns 3,533,424 shares making a total of $10,458,935 based on the recent price. This refelects a change of 6.4% in their ownership.