Aytu BioScience Inc. (NASDAQ:AYTU) does about 6.78M shares in volume on a normal day but saw 4075888 shares change hands in Monday trading. The company now has a market cap of 130.89M USD and an enterprise value of about $82.10M. Its current market price is $1.06, marking a decrease of -5.36% compared to the previous close of $1.12. The 52 week high reached by this stock is $2.99 whilst the lowest price level in 52 weeks is $0.34. The script in recent trading has seen the stock touch a high of $1.135 and a low of $1.03.
Aytu BioScience Inc. (AYTU) has a 20-day trading average at $1.2847 and the current price is -64.55% off the 52-week high compared with 216.23% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3625 and its 200-day simple moving average is $1.1961. If we look at the stock’s price movements over the week, volatility stands at 5.34%, which decreases to 4.38% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 24.75 to suggest the stock is oversold.
2 analysts observing the Aytu BioScience Inc. (AYTU) stock have set the 12-month price targets for the company’s shares at between $2.50 and $3.00. The median price target is 61.45% away from the current levels at $2.75.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 29, 2020 when H.C. Wainwright initiated the stock to “Buy” and issued a price target of $3.
The current price level is -18.73%, -22.72%, and -11.38% away from its SMA20, SMA50, and SMA200 respectively, with the AYTU price moving above the 50-day SMA on August 31. Aytu BioScience Inc. (AYTU) stock is down -11.67% over the week and -23.74% over the past month. Its price is 9.00% year-to-date and -24.00% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/30/2020, with the company’s earnings per share (EPS) of -$0.15 above consensus estimates by $0.07. The company’s next earnings report is expected on 09/01/2020, with forecasts estimating quarterly EPS at -$0.03 and -$0.22 for whole year. AYTU’s earnings per share are forecast to grow by 90.10% this year and 40.90% over next year. Expected sales for next quarter are $13.75 million, which analysts say will come at $24.02 million for the current fiscal year and next year at $54.53 million. In addition, estimates put the company’s current quarterly revenue at an average of $11.24 million.
Its 12-month price target is $2.75. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.00.
Outstanding shares total 120.62M with insiders holding 6.24% of the shares and institutional holders owning 12.01% of the company’s common stock. The company has a return on equity of -89.20%. The beta has a value of 0.33. Price to book ratio is 0.44 and price to sales ratio is 9.03.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Aytu BioScience Inc. (AYTU) to 3,548,665 shares, mirroring a recent drop by 0.00%. Vanguard Total Stock Market Index dumped 0.0 shares of Aytu BioScience Inc. common stock bringing its total worth to about $4.93 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 22372.0 shares to end up with 476,282 shares worth $0.66 million. Vanguard Extended Market Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.25% position in Aytu BioScience Inc. thanks to 0.3 million shares amounting to $0.42 million.