Applied DNA Sciences Inc (Nasdaq:APDN) Rise 33.86%

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APDN
APDN

Applied DNA Sciences Inc (Nasdaq:APDN)

February 12th, 2019
Amidst rising markets Applied DNA Sciences Inc closed Tuesday up 33.86%, a $0.15 increase to close on $0.59. Applied DNA Sciences Inc bounced 41.67% between low and high. Two technical ‘scores’ for companies to be wary of are the Altman Z1 and the Piotroski2 scores. APDN scored rather low for both, which could be indicators of trouble down the road (the Altman Z-Score is -65.90, and the Piotroski Score is 2). In addition to finishing higher, trading volumes were solid at 475.00% of normal which can indicate investors see opportunities.

APDN outperformed the rest of the Information Technology sector which went up 1.36% today.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Materials saw the biggest increase of the day (2.25%), while Real Estate saw the biggest drop (-0.70%). Industrials has seen the biggest year-to-date gain at 13.91%.

Materials saw the biggest turnaround from its 5-day performance of -1.14%, as it went up 2.25%. Real Estate saw a turn around from its 5-day performance of 0.96% trading down -0.70%.

Sector Breakdown

  • Materials went up with a 2.25% change.
  • Consumer Discretionary went up with a 1.66% change.
  • Industrials went up with a 1.56% change.
  • Financials went up with a 1.56% change.
  • Information Technology went up with a 1.36% change.
  • Healthcare went up with a 1.34% change.
  • Energy went up with a 1.18% change.
  • Communication Services went up with a 1.14% change.
  • Consumer Staples went up with a 0.88% change.
  • Utilities went up with a 0.17% change.
  • Real Estate went down with a -0.70% change.

Applied DNA Sciences Inc Info

Applied DNA Sciences, Inc. develops and markets plat based or other DNA technology solution in the United States, Europe, and Asia. The company’s supply chain security and product authentication solutions include SigNature molecular tags that are ingredients used to fortify brand protection efforts and strengthen supply chain security, as well as mark, track, and convict criminals; SigNature T molecular tags, which are tagging and authentication systems for use in brand protection efforts and raw material source compliance programs; and fiberTyping, a test of native cotton fiber DNA. It also provides DNAnet, Smart DNA, and Backtrac that are molecular tags to link evidence and offenders to specific crime scenes; Beacon locked optical markers, which create a protected covert screening tool that can be adapted to packaging, security labels, and high–value assets through inks, varnishes, and coatings; and SigNify IF portable DNA readers that provides real-time authentication of molecular tags. In addition, the company offers Applied DNA Sciences Portal, a software platform that enables customers to manage the security of company-marked goods from point of marking to point of authentication or validation to end of life; and DNA Transfer Systems and Cannabis Tracking System, which offer remote Internet access for real-time monitoring. Further, it provides CertainT Supply Chain Platform that provides proof of product claims for materials, items, or products; and Triathlon PCR systems that allow for the large-scale production of specific DNA sequences. Additionally, the company offers contract research services for the nucleic acid-based medical and biologic markets; and various RNA based drug and biologic customers for preclinical studies. The company was formerly known as Datalink Systems, Inc. and changed its name to Applied DNA Sciences, Inc. in 2002. Applied DNA Sciences, Inc. was founded in 1983 and is headquartered in Stony Brook, New York.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Applied DNA Sciences Inc’s score is -65.90) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Applied DNA Sciences Inc’s score is 2), and 9 is the best.

APDN daily update
APDN daily update


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