As of Friday close, AppTech Payments Corp.’s (NASDAQ:APCX) stock was up $0.36, moving up 8.29 percent to $4.70. The average number of shares traded per day over the past five days has been 482,280 shares. 5 times new highs have been achieved over the past 5 days, with a $1.44 gain in that time frame. In the last twenty days, the average volume was 305,900, while in the previous 50 days, it was 179,998.
Since last month, APCX stock rose 168.57%. Shares of the company fell to $1.65 on 07/28/23, the lowest level in the past month. A 52-week high of $5.37 was reached on 01/30/23 after having rallying from a 52-week low of $0.40. Since the beginning of this year, APCX’s stock price has risen by 98.31% or $2.33, and marked a new high 7 times. However, the stock has declined by -12.52% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.40. Besides these, the trailing price-to-sales (P/S) ratio of 240.76, the price-to-book (PB) ratio of 8.55.
Financial Health
In the recent quarter, AppTech Payments Corp.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.01, and the total debt-to-equity ratio was 0.04. On the profitability front, the trailing twelve-month gross margin is 49.00% percent.
Technical Picture
This quick technical analysis looks at AppTech Payments Corp.’s (APCX) price momentum. With a historical volatility rate of 114.49%, the RSI 9-day stood at 87.03% on 18 August.
With respect to its five-day moving average, the current AppTech Payments Corp. price is up by +44.17% percent or $1.44. At present, APCX shares trade +159.67% above its 20-day simple moving average and +233.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately +147.37% above its SMA50 and +526.25% above its SMA200.
Stochastic coefficient K was 98.57% and Stochastic coefficient D was 95.57%, while ATR was 0.38. Given the Stochastic reading of 100.00% for the 14-day period, the RSI (14) reading has been calculated as 84.44%. As of today, the MACD Oscillator reading stands at 0.57, while the 14-day reading stands at 0.90.
Analyst Ratings
AppTech Payments Corp. (APCX) has been rated Buy by analysts. According to 0 brokerage firms, APCX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AppTech Payments Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $1.79, the current consensus forecast for the stock is $1.79 – $1.79. Based on these forecasts, analysts predict AppTech Payments Corp. (APCX) will achieve an average price target of $1.79.
