Watching AcelRx Pharmaceuticals Inc. (ACRX) For Insider Activity

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AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX) finished Wednesday with a subtraction of -$0.02 to close at $0.23, a downside of -8.53 percent. An average of 1,026,120 shares of common stock have been traded in the last five days. There was a fall of -$0.0274 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,605,965 shares traded, while the 50-day average volume stands at 2,655,488.

ACRX stock has decreased by -33.90% in the last month. The company shares reached their 1-month lowest point of $0.2315 on 09/21/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.16 and a high of $1.08 in 52 weeks. It has reached a new high 2 times so far this year and lost -58.48% or -$0.3276 in price. In spite of this, the price is down -78.46% from the 52-week high.


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Valuation Metrics

AcelRx Pharmaceuticals Inc. (ACRX) has a trailing price-to-earnings (P/E) ratio of 0.81. The stock’s beta is 0.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.43, the price-to-book (PB) ratio at 1.01.

Financial Health

The quick ratio of AcelRx Pharmaceuticals Inc. for the three months ended March 30 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.30 for the quarter ending March 30. Its gross profit as reported stood at -$0.94 million compared to revenue of $2.82 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AcelRx Pharmaceuticals Inc.’s return on assets was 65.70%.

Earnings Surprise

For the three-month period that ended March 30, AcelRx Pharmaceuticals Inc. had $7.76 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $70.66 million in the quarter, while revenues of -$8.67 million were grew 113.94%. The analyst consensus anticipated AcelRx Pharmaceuticals Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.06, a 0.00% surprise. For the quarter, EBITDA amounted to -$13.11 million. Shareholders own equity worth $147.33 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at AcelRx Pharmaceuticals Inc. (ACRX) price momentum. RSI 9-day as of the close on 21 September was 31.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 83.28%.

As of today, ACRX’s price is $0.2590 -10.54% or -$0.0274 from its 5-day moving average. ACRX is currently trading -28.17% lower than its 20-day SMA and -1.19% lower than its 100-day SMA. However, the stock’s current price level is -19.40% below the SMA50 and -59.69% below the SMA200.

The stochastic %K and %D were 6.51% and 19.94%, respectively, and the average true range (ATR) was 0.0236. With the 14-day stochastic at 1.51% and the average true range at 0.0258, the RSI (14) stands at 38.70%. The stock has reached -0.0126 on the 9-day MACD Oscillator while the 14-day reading was at -0.0222.

Analyst Ratings

Credit Suisse downgraded AcelRx Pharmaceuticals Inc. (NASDAQ: ACRX) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

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