Applied Therapeutics (NASDAQ:APLT) stock observed trading -22.84% off 52-week high price. On the other end, the stock has been noted 8.68% away from low price over the last 52-weeks. The stock disclosed a move of -10.95% away from 50 day moving average and -10.95% away from 200 day moving average. Moving closer, we can see that shares have been trading -10.38% off 20-day moving average. It has market cap of $147.33M .
Applied Therapeutics (NASDAQ:APLT), a clinical-stage biopharmaceutical company developing novel drug candidates in indications of high unmet medical need, announced financial results for the first quarter ended March 31, 2019.
Cash and cash equivalents totaled $14.7 million as of March 31, 2019, compared with $18.7 million at December 31, 2018. Subsequent to the close of the quarter, we completed an initial public offering resulting in net proceeds of approximately $34.0 million.
Research and development expenses for the three months ended March 31, 2019 were $6.9 million, compared to $1.5 million for the three months ended March 31, 2018. The increase of approximately $5.4 million was primarily related to the progressing of our clinical trials through development, including an increase in clinical and pre‑clinical expenses of $4.1 million and drug manufacturing and formulation expenses of $0.7 million, and personnel expenses of $0.7 million due to the hiring of research and development personnel, including the Chief Medical Officer in August 2018.
General and administrative expenses were $1.9 million for the three months ended March 31, 2019, compared to $0.4 million for the three months ended March 31, 2018. The increase of approximately $1.4 million was primarily related to professional fees of $0.7 million due to increased legal and consulting fees, personnel expenses of $0.4 million due to the hiring of other personnel, including the interim Chief Financial Officer and the Controller, and other expenses of $0.3 million, primarily due to public relations efforts, travel expenses and rent.
Net loss for the first quarter of 2019 was $8.7 million, or $1.58 per basic and diluted common share, compared to a net loss of $2.3 million, or $.43 per basic and diluted common share, for the first quarter of 2018.
The USA based company Applied Therapeutics moved with change of -6.59% to $8.64 with the total traded volume of 70644 shares in recent session versus to an average volume of 104.39K. The stock was observed in the 5 days activity at 1.05%. The one month performance of stock was -13.60%. APLT’s shares are now at -8.09% since this point in 2018. The average volatility for the week and month was at 10.80% and 6.89% respectively. There are 17.05M shares outstanding and 2.46M shares are floated in market.
Ernest Woods – Category – Earnings
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