Should Investors Trust The Upside Potential In Apollomics Inc (APLM)?

Apollomics Inc (NASDAQ:APLM) currently has a daily average trading volume of 4.04M but it saw 650621 shares traded in last market. With a market cap of 13.84M USD, the company’s current market price of $0.13 came falling about -5.56 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.26 and as low as $0.11. In the recent trading on the day, stock has struck highest price mark of $0.1251 while lowest mark touched by it was $0.1368.

Taking a look at 20-day trading activity of Apollomics Inc (APLM) gives us an average price of $0.1303, while its current price level is -97.01% below from 52-week high level whereas it is 20.99% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1603 while that of 200 days or SMA-200 reads an average of $0.4759. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.88% during that period while stretching the period over a month that increases to 8.65%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.59 which implies that the stock is in neutral territory.

Over the week, APLM’s stock price is moving -7.01% down while it is -0.47% when we observe its performance for the past one month. Year-to-date it is -86.80% down and over the past year, the stock is showing a downside performance of -96.74%.

Currently, Apollomics Inc’s total number of outstanding shares is 89.50M. Company’s return on investment (ROI) stands at -262.49% and return on equity (ROE) at -149.31%. Stock’s beta reads 1.14. Stock has a price to book (P/B) ratio of 0.28. Its return on asset (ROA) is -107.81% on average.