Keep an Eyeball on: Applied Genetic Technologies Corporation (NASDAQ: AGTC)

The stock disclosed a relocation of 111.59% away from 50 day moving average and 116.71% away from 200 day moving average. Moving more detailed, we can see that shares have actually been trading 52.42% off 20-day moving average.

Applied Genetic Technologies Corporation (AGTC) just recently reported financial outcomes for the quarter ended September 30, 2019

Financial Results for the Quarter Ended September 30, 2019.
R&D Expenses: Research and development expenses were $8.6 M for the three months ended September 30, 2019, contrast to $10.1 M for the three months ended September 30, 2018. The decrease of $1.5 M for the quarter was mainly Because of minimized XLRP sublicense expenditures associated with a milestone payment from Biogen in 2018, reduced discovery costs related to the businesss pre-clinical ophthalmology programs, and lowered XLRS spending connected with completing enrollment of the XLRS Phase 1/2 trial in April 2018.
G&A Expenses: General and administrative costs for the 3 months ended September 30, 2019, were $3.3 M, contrast to $3.2 M for the 3 months ended September 30, 2018, a raise of $0.1 M. The boost was mainly driven by higher other and employee-related G&An expenditures partially balanced out by reduced shared based compensation expenditures.
Bottom Line: Net loss was $11.6 M for the three months ended September 30, 2019, contrast to earnings of $1.2 M for the three months ended September 30, 2018.
Financial Guidance: As of September 30, 2019, the businesss money, cash equivalents, and investments totaled up to $71.1 M. The company thinks these funds will be adequate to permit AGTC to generate information from its continuous medical programs, to initiate activities to guarantee effective transition into pivotal trials and money the currently prepared research study and discovery programs into the very first half of 2021. The business anticipates total money, cash equivalents and investments since June 30, 2020, to be in between $30 and $40M.
The typical volatility for the week and month was at 8.97% and 14.98% respectively. There are 18.3 M shares impressive and 14.98 M shares are floated in market.

The stock revealed a move of 111.59% away from 50 day moving average and 116.71% away from 200 day moving average. Moving closer, we can see that shares have actually been trading 52.42% off 20-day moving average. The average volatility for the week and month was at 8.97% and 14.98% respectively.

Marlon Lopez

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