21.5 C
New York
Saturday, June 3, 2023

Aldeyra Therapeutics Inc. (NASDAQ: ALDX) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Aldeyra Therapeutics Inc. (ALDX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.23, or 2.36%, to $9.99. The Aldeyra Therapeutics Inc. has recorded 14,334 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Aldeyra Therapeutics Reports First-Quarter 2023 Financial Results and Recent Corporate Highlights.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.

Sponsored

Stocks Info

Aldeyra Therapeutics Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. At the end of the last regular session, the stock closed at $9.76 and fluctuated between $10.07 as its day high and $9.74 as its day low. The current market capitalization of Aldeyra Therapeutics Inc. is $560.13M. A total of 0.57 million shares were traded on the day, compared to an average of 862.16K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ALDX has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 238,750 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 0 SELLs from insiders. Insiders purchased 2,018,671 shares during that period but sold 0.

In the most recent transaction, PERCEPTIVE ADVISORS LLC bought 15,000 shares of ALDX for 7.85 per share on Aug 10. After the transaction, the 10% Owner now owns 11,350,085 company shares. In a previous transaction on Aug 09, PERCEPTIVE ADVISORS LLC bought 100,000 shares at 7.50 per share. ALDX shares that 10% Owner owns now total 11,335,085.

Among the insiders who bought shares, PERCEPTIVE ADVISORS LLC acquired of 97,000 shares on Aug 08 at a per-share price of $7.24. This resulted in the 10% Owner holding 11,235,085 shares of ALDX after the transaction. In another insider transaction, PERCEPTIVE ADVISORS LLC bought 95,100 shares at $6.17 per share on Aug 04. Company shares held by the 10% Owner now total 10,997,085.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ALDX in the last 3 months, the mean price target is $20.50 with high estimates of $30.00 and low estimates of $13.00. In terms of 52-week highs and lows, ALDX has a high of $10.89 and a low of $2.60.

As of this writing, ALDX has an earnings estimate of -$0.31 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.26 per share and a lower estimate of -$0.38. The company reported an EPS of -$0.22 in the last quarter, which was 29.00% higher than expectations of -$0.31.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ALDX’s latest balance sheet shows that the firm has $229.79M in Cash & Short Term Investments as of fiscal 2021. There were $15.86M in debt and $11.77M in liabilities at the time. Its Book Value Per Share was $2.33, while its Total Shareholder’s Equity was $205.74M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALDX is Buy with a score of 5.00.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles