Apollo Endosurgery, Inc. (NASDAQ:APEN – Get Rating) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 618,900 shares, an increase of 9.3% from the February 13th total of 566,200 shares. Based on an average trading volume of 1,340,000 shares, the days-to-cover ratio is currently 0.5 days.
Apollo Endosurgery Stock Performance
Apollo Endosurgery stock opened at $9.89 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.00 and a quick ratio of 4.98. The firm has a market capitalization of $470.27 million, a P/E ratio of -9.69 and a beta of 2.32. Apollo Endosurgery has a 1-year low of $3.49 and a 1-year high of $10.30. The company’s 50-day moving average is $9.90 and its 200 day moving average is $8.03.
Wall Street Analysts Forecast Growth
APEN has been the topic of several research analyst reports. Cowen downgraded shares of Apollo Endosurgery from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $13.00 to $10.00 in a report on Monday, January 23rd. Lake Street Capital downgraded Apollo Endosurgery from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $10.00 in a research note on Wednesday, November 30th. Finally, Stifel Nicolaus lowered shares of Apollo Endosurgery from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Tuesday, January 3rd.
Institutional Inflows and Outflows
Apollo Endosurgery Company Profile
Apollo Endosurgery, Inc is a medical technology company, which focuses on the design, development, and commercialization of medical devices to advance gastrointestinal therapeutic endoscopy. It offers Endoscopy, Surgical and Other products. The firm’s endoscopy product portfolio consists of the OverStitch Endoscopic Suturing System, the OverStitch Sx Endoscopic Suturing System, and the Orbera Intragastric Balloon System.
- Get a free copy of the StockNews.com research report on Apollo Endosurgery (APEN)
- Meta Platforms: Efficiency Gains Momentum, Stock Accelerates
- Pfizer’s Latest Acquisition Strengthens the Case for PFE Stock
- SentinelOne: Reversal In-Play For Cybersecurity Stocks
- Is Sportradar Group A Growth Stock To Bet On In 2023?
- Strong Guidance says Boeing is Ready for Takeoff
Receive News & Ratings for Apollo Endosurgery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Endosurgery and related companies with MarketBeat.com's FREE daily email newsletter.