On Monday, Avenue Therapeutics Inc (NASDAQ: ATXI) opened higher 0.08% from the last session, before settling in for the closing price of $0.13. Price fluctuations for ATXI have ranged from $0.11 to $1.25 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 58.16% at the time writing. With a float of $39.03 million, this company’s outstanding shares have now reached $44.26 million.
Let’s look at the performance matrix of the company that is accounted for 3 employees.
Avenue Therapeutics Inc (ATXI) Insider Updates
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Avenue Therapeutics Inc is 11.82%, while institutional ownership is 2.79%. The most recent insider transaction that took place on Dec 11 ’23, was worth 49,600. In this transaction 10% Owner of this company sold 353,000 shares at a rate of $0.14, taking the stock ownership to the 22,000 shares. Before that another transaction happened on Dec 11 ’23, when Company’s 10% Owner sold 264,000 for $0.14, making the entire transaction worth $36,960. This insider now owns 681,000 shares in total.
Avenue Therapeutics Inc (ATXI) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -1.35 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.13) by -1.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 58.16% per share during the next fiscal year.
Avenue Therapeutics Inc (NASDAQ: ATXI) Trading Performance Indicators
Check out the current performance indicators for Avenue Therapeutics Inc (ATXI). In the past quarter, the stock posted a quick ratio of 1.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.78, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.37 in one year’s time.
Technical Analysis of Avenue Therapeutics Inc (ATXI)
Avenue Therapeutics Inc (NASDAQ: ATXI) saw its 5-day average volume 0.69 million, a negative change from its year-to-date volume of 4.5 million. As of the previous 9 days, the stock’s Stochastic %D was 41.73%. Additionally, its Average True Range was 0.01.
During the past 100 days, Avenue Therapeutics Inc’s (ATXI) raw stochastic average was set at 7.32%, which indicates a significant decrease from 36.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.91% in the past 14 days, which was lower than the 167.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1509, while its 200-day Moving Average is $0.4374. Nevertheless, the first resistance level for the watch stands at $0.1404 in the near term. At $0.1507, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1639. If the price goes on to break the first support level at $0.1169, it is likely to go to the next support level at $0.1037. Assuming the price breaks the second support level, the third support level stands at $0.0934.
Avenue Therapeutics Inc (NASDAQ: ATXI) Key Stats
There are currently 44,261K shares outstanding in the company with a market cap of 5.76 million. Presently, the company’s annual sales total 0 K according to its annual income of -10,380 K. Last quarter, the company’s sales amounted to 0 K and its income totaled 640 K.
