ASLAN Pharmaceuticals Limited (NASDAQ:ASLN) is trending higher in the market today as the company shares are trading 12.02% or 0.22 points up from last closing price of $1.83, reaching $2.05 at last check. Any clue why there is so much of action in the ASLN stock? The share price has risen in 3 of the last 5 days and is down -47.71% over the past week. It will be exciting to see whether the stock manages to continue increasing 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 85,902 shares, and in total 122102 shares valued at $250309 were seen changing hands compared with 36200 shares valued at $66246 recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the ASLN stock.
ASLAN Pharmaceuticals Limited (ASLN) shares have notched a 3-month decline of about -47.71%, but has still tumbled -49.17% year to date. By comparison, the stock sank -76.11% over the past 12 months, while it slipped -31.72% over the 1 month. The company’s market cap is around $58.65M, with its short interest ratio standing at 2.76%.
In the current trading session for ASLN, the stock witnessed two major price actions, it rose to a high of $2.67 and was down as much as $1.9412 at one point. The high recorded is very low when compared to their 52-week high which is $1.5. The 52-week high is now at -72.32 distance from current price. Their recent low of $8.09 represents a 49.3% 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 ASLN is $7.75, 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 ASLAN Pharmaceuticals Limited earned $-1.05 per share in the trailing 12 months and has a P/E ratio of -1.95. 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 27.67 and lower compared to the sector’s average of 30.52. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ASLN also has P/S multiple of 21.9. 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 0.86x.
ASLN‘s last price was down -36.57% as compared to the average trading price of 50 days recorded at $3.23 while enlarging the period to 200 trading days, the average closing price was $2.45. At present, there are 32.05 million in the total number of common shares owned by the public and among those 28.14 million shares have been available to trade. The percentage of shares being held by the company management was 0% while institutions stake was 9.35%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the ASLN stock, there is another set of technicals that should be looked into and considered. Its 16.97% gain from moving average of $1.75 has brought about a positive 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 ASLAN Pharmaceuticals Limited — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 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 $9 on shares of ASLAN Pharmaceuticals Limited (NASDAQ:ASLN), which corresponds to 279.75% upside potential than its current market price of $2.05 and implies potential despite the recent advance in the price. However, their current target price has fallen from $9 a month ago and is down handily from the consensus target of $9 a quarter ago.
Let’s briefly check the hedge fund interest towards ASLN stock. Platinum Investment Management Ltd. added position in the company after it grew 7% or 388,271 shares of its common stock. The hedge fund now owns 415,450 shares worth $851,673, SEC documents show. Baillie Gifford & Co. cut assets in the stock as 442242.3 shares have been sold, reducing its stake by -3% to 428,975 shares which are currently valued at $879,399. In addition, FNY Investment Advisers LLC recently reported that it now owns 12,107 shares making a total of $24,819 based on the recent price. This refelects a change of -55% in their ownership.