The stock of Delcath Systems Inc. (NASDAQ:DCTH) increased by $3.3 on Tuesday to $6.42, up 105.77 percent. The last five days have seen an average of 11,084,102 shares of common stock traded. 26 times new highs were reached in the current year, with a gain of $2.64. The average number of shares traded over the last 20 days was 2,937,275, while the average volume over the last 50 days totaled 1,219,258.
DCTH stock appreciated 32.37% since last month. On 08/10/23, the company’s shares reached a one-month low of $2.82. The stock touched a high of $7.99 on 06/01/23, after rallying from a low of $2.34 in 52 weeks. The price of DCTH stock has risen by 78.33% or $2.64 this year, reaching a new high 26 times. Still, the stock price is down -19.65% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
DCTH stock investors should be aware that Delcath Systems Inc. (DCTH) stock had its last reported insider trading activity 139 days ago on Mar 29. On Mar 29, Chief Executive Officer MICHEL GERARD J acquired 19,646 shares at $4.84 each. This transaction resulted in the insider spending $95,087. On Dec 14, Rosalind Advisors, Inc. added 15,215 shares at a price of US$3.62. After the transaction, the insider now owns 459,315 shares. Director SALAMON STEVEN A J had earlier bought 15,215 shares on Dec 14 for $3.62 a share. The transaction was completed for $55,045.
Financial Health
For the three months ended June 29, Delcath Systems Inc.’s quick ratio was 2.00, while its current ratio was 2.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 71.70% percent. Based on annual data, it had gross profit of $2.03 million and revenue of $2.72 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DCTH’s return on assets (ROA) during the last 12 months has been -166.30%. In the meantime, the return on equity (ROE) for the last 12 months was 552.10%.
Earnings Surprise
According to Delcath Systems Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.5 million, while revenues fell by -60.0% to $0.6 million. It was predicted that Delcath Systems Inc.’s quarterly earnings would be -$0.58, but it ended up being -$0.6, beating the consensus by 3.30%. EBITDA was -$7.77 million for the quarter. Equity owned by shareholders amounts to $15.28 million.
Technical Picture
Here’s a quick look at Delcath Systems Inc.’s (DCTH) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 75.49%, suggesting the stock is Overbought, with a 370.07% historical volatility rate.
The stochastic %K and %D were 40.95% and 23.30% respectively, while the average true range (ATR) was 0.70. Based on the 14-day stochastic reading of 92.96%, the RSI (14) reading is 68.10%. On the 9-day MACD Oscillator, the stock is at 0.19, and the 14-day reading is at 0.09.
