Acurx Pharmaceuticals Inc (NASDAQ: ACXP) kicked off on Tuesday, up 167.24% from the previous trading day, before settling in for the closing price of $0.31. Over the past 52 weeks, ACXP has traded in a range of $0.30-$3.33.
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While this was happening, its average annual earnings per share was recorded 42.53%. With a float of $20.39 million, this company’s outstanding shares have now reached $22.40 million.
Considering the fact that the conglomerate employs 4 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
Acurx Pharmaceuticals Inc (ACXP) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Acurx Pharmaceuticals Inc is 13.17%, while institutional ownership is 14.90%. The most recent insider transaction that took place on Jan 06 ’25, was worth 25,000. In this transaction Director of this company bought 24,631 shares at a rate of $1.01, taking the stock ownership to the 27,708 shares. Before that another transaction happened on Jan 06 ’25, when Company’s Director bought 24,631 for $1.01, making the entire transaction worth $25,000. This insider now owns 137,183 shares in total.
Acurx Pharmaceuticals Inc (ACXP) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 42.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.59% during the next five years compared to -7.84% drop over the previous five years of trading.
Acurx Pharmaceuticals Inc (NASDAQ: ACXP) Trading Performance Indicators
Take a look at Acurx Pharmaceuticals Inc’s (ACXP) current performance indicators. Last quarter, stock had a quick ratio of 1.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.70, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.51 in one year’s time.
Technical Analysis of Acurx Pharmaceuticals Inc (ACXP)
Compared to the last year’s volume of 3.3 million, its volume of 69.04 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 26.95%. Additionally, its Average True Range was 0.08.
During the past 100 days, Acurx Pharmaceuticals Inc’s (ACXP) raw stochastic average was set at 69.43%, which indicates a significant increase from 69.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 411.78% in the past 14 days, which was higher than the 182.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3819, while its 200-day Moving Average is $1.0074. Nevertheless, the first resistance level for the watch stands at $1.0360 in the near term. At $1.2512, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.4525. If the price goes on to break the first support level at $0.6195, it is likely to go to the next support level at $0.4182. Should the price break the second support level, the third support level stands at $0.2030.
Acurx Pharmaceuticals Inc (NASDAQ: ACXP) Key Stats
The company with the Market Capitalisation of 19.27 million has total of 23,482K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -14,100 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -2,150 K.
