Analysts Set Expectations for Aldeyra Therapeutics, Inc’s Q1 2023 Earnings (NASDAQ:ALDX)

Aldeyra Therapeutics, Inc (NASDAQ:ALDXGet Rating) – Oppenheimer issued their Q1 2023 EPS estimates for shares of Aldeyra Therapeutics in a report issued on Thursday, March 9th. Oppenheimer analyst J. Kim expects that the biotechnology company will post earnings of ($0.26) per share for the quarter. The consensus estimate for Aldeyra Therapeutics’ current full-year earnings is ($1.38) per share. Oppenheimer also issued estimates for Aldeyra Therapeutics’ Q2 2023 earnings at ($0.30) EPS, Q3 2023 earnings at ($0.34) EPS and Q4 2023 earnings at ($0.30) EPS.

Several other brokerages have also recently issued reports on ALDX. StockNews.com raised shares of Aldeyra Therapeutics from a “sell” rating to a “hold” rating in a report on Monday, November 14th. HC Wainwright restated a “buy” rating and set a $15.00 target price on shares of Aldeyra Therapeutics in a research report on Wednesday, March 1st. Finally, Citigroup boosted their target price on shares of Aldeyra Therapeutics from $23.00 to $28.00 in a research report on Friday.

Aldeyra Therapeutics Trading Down 9.1 %

Shares of NASDAQ ALDX opened at $7.18 on Monday. Aldeyra Therapeutics has a 1 year low of $2.36 and a 1 year high of $8.00. The stock has a market cap of $420.46 million, a P/E ratio of -6.77 and a beta of 1.07. The firm has a 50-day moving average of $6.65 and a 200 day moving average of $6.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.83 and a quick ratio of 7.83.

Hedge Funds Weigh In On Aldeyra Therapeutics

A number of institutional investors and hedge funds have recently made changes to their positions in ALDX. Knoll Capital Management LLC raised its position in Aldeyra Therapeutics by 24.9% in the third quarter. Knoll Capital Management LLC now owns 1,877,305 shares of the biotechnology company’s stock worth $10,025,000 after acquiring an additional 374,845 shares in the last quarter. Woodstock Corp raised its holdings in shares of Aldeyra Therapeutics by 23.3% in the 3rd quarter. Woodstock Corp now owns 129,179 shares of the biotechnology company’s stock worth $690,000 after purchasing an additional 24,445 shares during the period. Virtu Financial LLC purchased a new stake in shares of Aldeyra Therapeutics during the 3rd quarter valued at about $99,000. International Assets Investment Management LLC raised its holdings in shares of Aldeyra Therapeutics by 4.8% during the 2nd quarter. International Assets Investment Management LLC now owns 59,875 shares of the biotechnology company’s stock valued at $239,000 after buying an additional 2,750 shares during the period. Finally, Jump Financial LLC purchased a new stake in Aldeyra Therapeutics during the 3rd quarter worth approximately $267,000. 63.11% of the stock is owned by institutional investors and hedge funds.

About Aldeyra Therapeutics

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Aldeyra Therapeutics is a clinical-stage biotechnology company focused on the development of novel therapies with the potential to improve the lives of patients with immune-mediated diseases. Two of the company’s lead compounds, reproxalap and ADX-629, target reactive aldehyde species (RASP), which are elevated in ocular and systemic inflammatory disease, leading to elevated levels of cytokine release via activation of a broad array of inflammatory factors, including NF-κB, inflammasomes, and Scavenger Receptor A.

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Earnings History and Estimates for Aldeyra Therapeutics (NASDAQ:ALDX)

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