Applied DNA Sciences (APDN) jumps close to 40% today
What’s up with Applied DNA Sciences?
Applied DNA Sciences (APDN) opened at $11.90, which means the stock is up 37.33% from Friday’s closing price of $6.63. Today, the company has a high of $12.37 and a low of $8.91. The company has a market cap of $31.75 million with a 52-week high of $33.60 and a 52-week low of $2.52.
What about the future for Applied DNA Sciences
The high forecast for Applied DNA Sciences is 8.00 while the low is 3.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Applied DNA Sciences has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information APDN seems to be a risky buy.
About Applied DNA Sciences
Applied DNA Sciences, Inc. engages in the provision of security solutions. It offers molecular-based technology solutions and services that can help protect products, brands, supply chains, and intellectual property of companies, governments, and consumers from theft, counterfeiting, fraud, and diversion. Its products include the following brands: Applied DNA Sciences, SigNature, molecular tags, SigNature, T molecular tags, fiberTyping, DNAnet, digitalDNA, SigNify, BackTrac, Beacon, and CertainT. The company was founded in 1983 and is headquartered in Stony Brook, NY.