Affimed N.V. (NASDAQ:AFMD) is one of the stocks that are grabbing investor focus today: sinking -3.44% or (-0.12 points) to $3.37 from its previous close of $3.49. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 270312 contracts so far this session. AFMD shares had a relatively better volume day versus average trading capacity of 922.41 thousand shares, but with a 57.7 million float and a -5.42% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AFMD stock indicates that the average analyst price target is $8.2 per share. This means the stock has a potential increase of 143.32% from where the AFMD share price has been trading recently which is between $3.4135 and $3.6. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $6.
The shorts are climbing into Affimed N.V. (AFMD) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in AFMD shares. While short interest still represents only 6.98% of AFMD’s float, the number of shares shorted have risen by 761281. The number of shares shorted advanced to 4791468 shares, up from 4030187 shares during the preceding fortnight. With average daily trading volumes at 866012 shares, days to cover increased to about 2.614427 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Affimed Announces First Quarter 2019 Financial Results and Corporate Update Conference Call on May 22, 2019” and dated May 16, 2019.
During the recent trading session for Affimed N.V. (NASDAQ:AFMD), the company witnessed their stock drop by $-0.15 over a week and surge $0.04 from the price 20 days ago. When compared to their established 52-week high of $7.35, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/29/18. The recent low of $1.4 stood for a -54.15% since 08/14/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 3.08 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Affimed N.V., the two-week RSI stands at 39.11. This figure suggests that AFMD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AFMD readings is similarly very revealing as it has a stochastic reading of 46.08% at this stage. This figure means that AFMD share price today is being neutral.
Technical chart claims that Affimed N.V. (AFMD) would settle between $3.59/share to $3.69/share level. However, if the stock price goes below the $3.4 mark, then the market for Affimed N.V. becomes much weaker. If that happens, the stock price might even plunge as low as $3.31 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.06. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at SVB Leerink, assumed coverage of AFMD assigning Outperform rating, according to their opinion released on March 28. Jefferies analysts bumped their rating on Affimed N.V. (NASDAQ:AFMD) stock from Hold to Buy in a separate flash note issued to investors on August 28. Analysts at SunTrust, made their first call for the equity with a Buy recommendation, according to a research note that dated back to July 14.
AFMD equity has an average rating of 1.5, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated Affimed N.V. (NASDAQ:AFMD) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, AFMD stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 8.21 while for the average stock in the same group, the multiple is 42.11.
Affimed N.V. (AFMD)’s current-quarter revenues are projected to climb by nearly 941.69% to hit $6.77 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 37.26% from $27.15 million to a noteworthy $37.26 million. At the other end of the current quarter income statement, Affimed N.V. is expected to see its adjusted earnings surge by roughly 11.11% to hit $-0.16 per share. For the fiscal year, AFMD’s earnings are projected to climb by roughly -26.32% to hit $-0.48 per share.