Alzamend Neuro Inc (NASDAQ: ALZN) has experienced a decline in its stock price by -6.43 compared to its previous closing price of 1.40. However, the company has seen a fall of -9.66% in its stock price over the last five trading days. benzinga.com reported 2024-08-19 that Monday, Alzamend Neuro Inc. ALZN stock is trading higher after the company partnered with Massachusetts General Hospital as its contract research organization.
Is It Worth Investing in Alzamend Neuro Inc (NASDAQ: ALZN) Right Now?
The stock has a 36-month beta value of -0.03. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ALZN is 4.27M, and at present, short sellers hold a 5.21% of that float. On November 21, 2024, the average trading volume of ALZN was 475.00K shares.
ALZN’s Market Performance
The stock of Alzamend Neuro Inc (ALZN) has seen a -9.66% decrease in the past week, with a -22.94% drop in the past month, and a -61.36% fall in the past quarter. The volatility ratio for the week is 9.41%, and the volatility levels for the past 30 days are at 7.30% for ALZN. The simple moving average for the past 20 days is -13.60% for ALZN’s stock, with a -73.73% simple moving average for the past 200 days.
Analysts’ Opinion of ALZN
Many brokerage firms have already submitted their reports for ALZN stocks, with Ascendiant Capital Markets repeating the rating for ALZN by listing it as a “Buy.” The predicted price for ALZN in the upcoming period, according to Ascendiant Capital Markets is $8 based on the research report published on October 01, 2021 of the previous year 2021.
ALZN Trading at -18.97% from the 50-Day Moving Average
After a stumble in the market that brought ALZN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.18% of loss for the given period.
Volatility was left at 7.30%, however, over the last 30 days, the volatility rate increased by 9.41%, as shares sank -19.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.47% lower at present.
During the last 5 trading sessions, ALZN fell by -9.66%, which changed the moving average for the period of 200-days by -85.30% in comparison to the 20-day moving average, which settled at $1.5163. In addition, Alzamend Neuro Inc saw -85.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALZN starting from AULT MILTON C III, who purchase 75 shares at the price of $2.75 back on Aug 06 ’24. After this action, AULT MILTON C III now owns 77,268 shares of Alzamend Neuro Inc, valued at $206 using the latest closing price.
AULT MILTON C III, the Director of Alzamend Neuro Inc, purchase 25 shares at $3.74 during a trade that took place back on Jul 31 ’24, which means that AULT MILTON C III is holding 77,193 shares at $93 based on the most recent closing price.
Stock Fundamentals for ALZN
Current profitability levels for the company are sitting at:
- -96.89 for the present operating margin
- 0.33 for the gross margin
The net margin for Alzamend Neuro Inc stands at -97.15. The total capital return value is set at 6.08. Equity return is now at value -4408.31, with -344.10 for asset returns.
Currently, EBITDA for the company is -9.89 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 61.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.
Conclusion
To sum up, Alzamend Neuro Inc (ALZN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
