Aditxt, Inc. creates and sells new ways of measuring and changing the immune system. It has two main products Adimune and AditxtScore. The company started on September 28, 2017 by Leonard L. Bailey, Shahrokh Shabahang, and Amro Albanna. Its main office is in Richmond, VA.
The ADTX stock has a current market price of $4.17 and is trading flat as per the last trading session. The ADTX stock’s average volume for the last 10 days is 43.963K and its current volume is 27.323K. The ADTX stock has a float of 189.204K shares and a market cap of $1.843 Million.
The ADTX price dropped by about 95% in the last three months from a high of $67 to a low of $4.08, making lower lows and lower highs along the way.
The ADTX stock has been consolidating in a narrow range for a while. The analysts’ consensus is positive, its earnings for the quarter could be the catalyst for a breakout, exceed the expectations and impress the ADTX market. This could result in a significant price movement, a trend change, and could generate a positive feedback loop.
Furthermore, the revenue for the next quarter is expected to be $250K and the EPS to be -$4.00. The next earnings release date is November 29th, 2023.
Now it looks like the ADTX stock could be poised for a remarkable boost soon. As ADTX has been building a bullish pattern known as falling wedge in the longer trend analysis on the chart. This could unleash ADTX stock’s potential to smash the resistance level and soar to new heights.
Therefore to rise, the ADTX price needs more bull buying power in the long term. Moreover, if buyers boost more the ADTX stock might surge strongly from the current level and surge above the parallel channel. The possible targets are between $5 and $6.
On the contrary, if ADTX stock fails to hold its grip and breaches below $3, then it may hit $2.
Currently, ADTX stock is trading below the 20, 50, 100, and 200 EMAs. This stretched the ADTX stock price downtrend for a prolonged period of time.
Nevertheless, if buying power surges, the ADTX price might show bullish momentum. Hence, the ADTX price is estimated to rise, giving a bullish overview over the day time frame chart.
However, the stock’s ratings are favorable and rated as a ‘strong buy’, based on the assessment of 1 analyst who evaluated the stock in the prior three months.
Price Prediction of ADTX Stock Price For 2023-2024
Price Prediction Of ADTX Stock Price 2023
As per the price action, if the ADTX stock breaks out of a falling wedge pattern before December end 2023, the stock could reach a potential high of $18.75 and an average of $10.19.
Price Prediction of ADTX Stock Price 2024
If AEHL stock price reaches a high of $3.15 by 2023, then, in 2024, the stock might go up to $15.49 and deliver an ROI of 391.75%. Meanwhile, the average could be $9.00 and the potential low could be $3.50, which shows year-to-year change of 303.59% and 125.81%, respectively.
Technical Levels
Support Levels: $3 and $2
Resistance Levels: $5 and $6
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/11/15/adtx-stock-price-prediction-2023-2025-can-it-deliver-100-roi/