Brokerages forecast that Aldeyra Therapeutics, Inc (NASDAQ:ALDX) will report ($0.37) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Aldeyra Therapeutics’ earnings. Aldeyra Therapeutics also posted earnings per share of ($0.37) in the same quarter last year. The business is expected to report its next earnings report on Monday, May 21st.
According to Zacks, analysts expect that Aldeyra Therapeutics will report full-year earnings of ($1.59) per share for the current year, with EPS estimates ranging from ($1.67) to ($1.51). For the next year, analysts expect that the company will report earnings of ($2.06) per share, with EPS estimates ranging from ($3.08) to ($1.51). Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Aldeyra Therapeutics.
Aldeyra Therapeutics (NASDAQ:ALDX) last posted its quarterly earnings results on Thursday, March 29th. The biotechnology company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.04).
Several research analysts have issued reports on the stock. Seaport Global Securities assumed coverage on shares of Aldeyra Therapeutics in a research report on Friday, January 26th. They issued a “buy” rating and a $13.00 price target on the stock. ValuEngine upgraded shares of Aldeyra Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Cantor Fitzgerald set a $23.00 price target on shares of Aldeyra Therapeutics and gave the stock a “buy” rating in a research report on Thursday, March 29th. Cowen reiterated a “hold” rating on shares of Aldeyra Therapeutics in a research report on Monday, April 9th. Finally, Zacks Investment Research cut shares of Aldeyra Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $16.93.
Aldeyra Therapeutics stock traded up $0.10 during mid-day trading on Tuesday, hitting $7.10. The company’s stock had a trading volume of 16,952 shares, compared to its average volume of 95,209. The company has a debt-to-equity ratio of 0.03, a quick ratio of 13.12 and a current ratio of 13.12. The firm has a market cap of $139.62, a price-to-earnings ratio of -5.04 and a beta of 0.56. Aldeyra Therapeutics has a twelve month low of $3.80 and a twelve month high of $11.90.
A number of hedge funds and other institutional investors have recently bought and sold shares of ALDX. Vanguard Group Inc. grew its position in Aldeyra Therapeutics by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 304,633 shares of the biotechnology company’s stock worth $1,431,000 after purchasing an additional 9,407 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Aldeyra Therapeutics during the 3rd quarter valued at $134,000. Woodstock Corp boosted its stake in shares of Aldeyra Therapeutics by 20.4% during the 4th quarter. Woodstock Corp now owns 58,243 shares of the biotechnology company’s stock valued at $396,000 after buying an additional 9,850 shares during the period. Geode Capital Management LLC boosted its stake in shares of Aldeyra Therapeutics by 34.6% during the 4th quarter. Geode Capital Management LLC now owns 102,263 shares of the biotechnology company’s stock valued at $695,000 after buying an additional 26,269 shares during the period. Finally, Mangrove Partners acquired a new stake in shares of Aldeyra Therapeutics during the 4th quarter valued at $1,118,000. Hedge funds and other institutional investors own 49.74% of the company’s stock.
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Aldeyra Therapeutics Company Profile
Aldeyra Therapeutics, Inc, a biotechnology company, focuses on the development of products for inflammation, inborn errors of metabolism, and other diseases in the United States and internationally. It is developing ADX-102, a small molecule designed to trap and allow for the degradation of aldehydes, as well as ADX-103 and ADX-104 novel candidates for the treatment of noninfectious anterior uveitis, allergic conjunctivitis, dry eye syndrome, sjögren-larsson syndrome, and succinic semi-aldehyde dehydrogenase deficiency.
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