With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.25 million shares. The 52-week range on ACXP shows that it touched its highest point at $3.33 and its lowest point at $0.30 during that stretch. It currently has a 1-year price target of $6.17. Beta for the stock currently stands at -1.38.
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 ACXP was up-trending over the past week, with a rise of 1.33%, but this was up by 17.85% over a month. Three-month performance dropped to -47.89% while six-month performance fell -78.97%. The stock lost -79.62% in the past year, while it has lost -51.43% so far this year. A look at the trailing 12-month EPS for ACXP yields -0.88 with Next year EPS estimates of -0.86. For the next quarter, that number is -0.13. This implies an EPS growth rate of 11.11% for this year and -11.64% for next year. EPS is expected to decline by -1.63% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.84%.
Float and Shares Shorts:
At present, 22.40 million ACXP shares are outstanding with a float of 19.45 million shares on hand for trading.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.84 being high and -$0.84 being low. For ACXP, this leads to a yearly average estimate of -$0.84. Based on analyst estimates, the high estimate for the next quarter is -$0.34 and the low estimate is -$0.34. The average estimate for the next quarter is thus -$0.34.
