AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX) price closed lower on Tuesday, November 16, dropping -4.85% below its previous close.
A look at the daily price movement shows that the last close reads $0.75, with intraday deals fluctuated between $0.681 and $0.763. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.94 and 52-week low of $0.73. The stock subtracted -29.01% on its value in the past month.
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AcelRx Pharmaceuticals Inc., which has a market valuation of $84.85 million, is expected to release its quarterly earnings report Nov 15, 2021. Analysts tracking ACRX have forecast the quarterly EPS to shrink by -0.07 per share this quarter, while the same analysts predict the annual EPS to hit -$0.3 for the year 2021 and up to $0.08 for 2022. In this case, analysts estimate an annual EPS growth of 36.20% for the year and 126.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.22 million, with the likely lows of $1.7 million and highs of $2.75 million. The average estimate suggests sales growth for the quarter will likely rise by 200.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $5.1 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -5.80% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ACRX a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned ACRX a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the AcelRx Pharmaceuticals Inc. (ACRX) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ACRX’s price is at present -19.20% off the SMA20 and -26.42% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 15.68, with weekly volatility standing at 8.49%. The indicator jumps to 5.55% when calculated based on the past 30 days. AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX)’s beta value is holding at 0.70, while the average true range (ATR) indicator is currently reading 0.05. Considering analysts have assigned the stock a price target range of $4.50-$9.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.75. Based on this estimate, we see that current price is roughly -533.8% off the estimated low and -1167.61% off the forecast high. Investors will no doubt be excited to see the share price fall to $6.75, which is the median consensus price, and at that level ACRX would be -850.7% from current price.
Turning out attention to how the AcelRx Pharmaceuticals Inc. stock has performed in comparison to its peers in the industry, here’s what we find: ACRX’s stock is -4.85% on the day and -52.99% in the past 12 months, while Recro Pharma Inc. (REPH) traded -1.76% in the last session and was positioned -15.66% down on its price 12 months ago. Another comparison is with DURECT Corporation (DRRX) whose stock price was up 0.88% in the last trading session, and has flourished -36.81% over the past year. Also, Cara Therapeutics Inc. (CARA) showed down trend of -2.05% while its price kept floating at -2.42% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.39% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.15%.
An analysis of the AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX) stock in terms of its daily trading volume indicates that the 3-month average is 988.62K.
Current records show that the company has 119.12M in outstanding shares. The insiders’ percentage holdings are 0.50% of outstanding shares while the percentage share held by institutions stands at 25.40%. But the -42.75% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.