Aditxt Inc (NASDAQ: ADTX) Plunges -29.69% And Its 14.51% Stock Volatility Is Bewildering

Aditxt Inc (NASDAQ:ADTX) does about 2.65M shares in volume on a normal day but saw 3172830 shares change hands in the recent trading day. The company now has a market cap of 1.45M USD. Its current market price is $0.27, marking a decrease of -29.69% compared to the previous close of $0.38. The 52 week high reached by this stock is $24.00 whilst the lowest price level in 52 weeks is $0.37. The script in recent trading has seen the stock touch a high of $160 and a low of $160.

Aditxt Inc (ADTX) has a 20-day trading average at $0.5089 and the current price is -98.88% off the 52-week high compared with -27.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9626 and its 200-day simple moving average is $2.5994. If we look at the stock’s price movements over the week, volatility stands at 14.51%, which increases to 15.17% 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 21.44 to suggest the stock is oversold.

The consensus objective for the share price is $61.00, suggesting that the stock has a potential upside of 99.56% over the period. The median price target is 99.83% away from the current levels at $160.

The current price level is -50.21%, -72.81%, and -89.71% away from its SMA20, SMA50, and SMA200 respectively, with the ADTX price moving above the 50-day SMA on current market day. Aditxt Inc (ADTX) stock is down -40.22% over the week and -71.68% over the past month. Its price is -95.94% year-to-date and -98.50% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -52.4 above consensus estimates by 58.8. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Its 12-month price target is $160. To reach the target analysts have set, the stock logically needs to grow 99.56 percent from here. 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 $160, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $160.

Outstanding shares total 5.39M with insiders holding 1.15% of the shares and institutional holders owning 1.08% of the company’s common stock. The company has a return on investment of -592.42% and return on equity of -3188.43%. The beta has a value of 0.98. Price to book ratio is 0.08 and price to sales ratio is 4.39.