With 14.47M Outstanding Shares, Can Acurx Pharmaceuticals Inc (NASDAQ: ACXP) Deliver Big Short-Term Gains?

Acurx Pharmaceuticals Inc (NASDAQ:ACXP) currently has a daily average trading volume of 74.74K but it saw 252838 shares traded in last market. With a market cap of 19.34M USD, the company’s current market price of $1.14 came rising about 0.44 while comparing to the previous closing price of $1.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.28 and as low as $1.00. In the recent trading on the day, stock has struck highest price mark of $1.0035 while lowest mark touched by it was $1.15.

Taking a look at 20-day trading activity of Acurx Pharmaceuticals Inc (ACXP) gives us an average price of $1.6532, while its current price level is -78.31% below from 52-week high level whereas it is 14.50% 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 $1.8519 while that of 200 days or SMA-200 reads an average of $2.1807. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.33% during that period while stretching the period over a month that decreases to 9.57%. 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 14.45 which implies that the stock is in oversold territory.

Over the week, ACXP’s stock price is moving -17.63% down while it is -40.97% when we observe its performance for the past one month. Year-to-date it is -70.10% down and over the past year, the stock is showing a downside performance of -68.19%.

Currently, Acurx Pharmaceuticals Inc’s total number of outstanding shares is 14.47M. Company’s return on investment (ROI) stands at -616.96% and return on equity (ROE) at -498.16%. Stock’s beta reads -1.88. Stock has a price to book (P/B) ratio of 7.21. Its return on asset (ROA) is -250.15% on average.