Aptinyx (APTX) Hits New 1-Year Low at $5.02

Aptinyx Inc (NASDAQ:APTX) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.02 and last traded at $5.08, with a volume of 4123304 shares traded. The stock had previously closed at $17.83.

Separately, Cantor Fitzgerald reiterated a “buy” rating and issued a $40.00 target price on shares of Aptinyx in a report on Wednesday. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $34.25.

Aptinyx (NASDAQ:APTX) last posted its quarterly earnings results on Tuesday, November 13th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.58. The company had revenue of $0.94 million during the quarter, compared to analysts’ expectations of $1.10 million. As a group, analysts anticipate that Aptinyx Inc will post -2.33 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of Aptinyx in the third quarter valued at approximately $58,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Aptinyx by 14.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 18,897 shares of the company’s stock valued at $547,000 after buying an additional 2,397 shares during the last quarter. Strs Ohio bought a new position in shares of Aptinyx in the third quarter valued at about $110,000. Wells Fargo & Company MN bought a new position in shares of Aptinyx in the third quarter valued at about $185,000. Finally, American International Group Inc. bought a new position in shares of Aptinyx in the third quarter valued at about $256,000. 64.76% of the stock is owned by institutional investors and hedge funds.

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Aptinyx Company Profile (NASDAQ:APTX)

Aptinyx Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel, proprietary, and synthetic small molecules for the treatment of brain and nervous system disorders. It is developing NYX-2925 that is in Phase II clinical trial for the treatment of painful diabetic peripheral neuropathy, as well as in Phase II exploratory clinical trial for fibromyalgia; and NYX-783, an NMDAr receptor that is in Phase I clinical trial for the treatment of post-traumatic stress disorder.

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