Apollomics Inc (APLM): The Latest Casualty Of Increased Volatility?

Apollomics Inc (NASDAQ:APLM) does about 4.01M shares in volume on a normal day but saw 2688611 shares change hands in the recent trading day. The company now has a market cap of 15.45M USD. Its current market price is $0.14, marking an increase of 8.55% compared to the previous close of $0.13. The 52 week high reached by this stock is $3.99 whilst the lowest price level in 52 weeks is $0.11.

Apollomics Inc (APLM) has a 20-day trading average at $0.1316 and the current price is -96.44% off the 52-week high compared with 35.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1485 and its 200-day simple moving average is $0.4480. If we look at the stock’s price movements over the week, volatility stands at 9.35%, which decreases to 8.55% 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 53.92 to suggest the stock is neutral.

The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 96.5% over the period.

FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 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 current price level is 8.94%, -5.08%, and -68.48% away from its SMA20, SMA50, and SMA200 respectively, with the APLM price moving above the 50-day SMA on current market day. Apollomics Inc (APLM) stock is up 10.75% over the week and 11.35% over the past month. Its price is -85.26% year-to-date and -96.39% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 96.5 percent from here.

The company has a return on investment of -262.49% and return on equity of -149.31%. The beta has a value of 1.17. Price to book ratio is 0.75.