Holdings of Apogee Therapeutics Inc (APGE) are aligned with the stars

With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.39 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $59.83 whereas the lowest price it dropped to was $57.85. The 52-week range on APGE shows that it touched its highest point at $72.29 and its lowest point at $14.19 during that stretch. It currently has a 1-year price target of $88.67. Beta for the stock currently stands at 2.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APGE was up-trending over the past week, with a rise of 11.55%, but this was up by 7.00% over a month. Three-month performance surged to 43.33% while six-month performance rose 9.69%. The stock gained 240.27% in the past year, while it has gained 107.77% so far this year. A look at the trailing 12-month EPS for APGE yields -2.28 with Next year EPS estimates of -3.80. For the next quarter, that number is -0.78. This implies an EPS growth rate of 16.91% for this year and -35.98% for next year.

Float and Shares Shorts:

At present, 37.17 million APGE shares are outstanding with a float of 36.34 million shares on hand for trading. On 2024-10-15, short shares totaled 6.87 million, which was 1210.9999 higher than short shares on 1726185600. In addition to Dr. Michael Thomas Henderson M.D. as the firm’s CEO & Director, Ms. Jane Pritchett V. Henderson serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.27572 of APGE’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, APGE reported revenue of $0.0 and operating income of -$44122000.0. The EBITDA in the recently reported quarter was -$44086000.0 and diluted EPS was -$0.6.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With APGE analysts setting a high price target of 100.0 and a low target of 75.0, the average target price over the next 12 months is 88.67. Based on these targets, APGE could surge 72.27% to reach the target high and rise by 29.2% to reach the target low. Reaching the average price target will result in a growth of 52.75% from current levels.

Analysts have provided yearly estimates in a range of -$2.38975 being high and -$3.34565 being low. For APGE, this leads to a yearly average estimate of -$2.79166. The surprise factor in the prior quarter was -$0.61. Based on analyst estimates, the high estimate for the next quarter is -$0.65 and the low estimate is -$1.37. The average estimate for the next quarter is thus -$0.91.