Applied UV, Inc. (NasdaqCM: AUVI) has revealed that it will be implementing a 1-for-5 reverse stock split of its common stock on May 31, 2023, in a bid to meet the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. This move will see the company consolidate its existing shares into fewer, proportionally more valuable shares, resulting in a boost to the company’s stock price. The new CUSIP number for the common stock following the reverse stock split will be 03828V402.
Reverse stock splits are a common measure taken by companies to reduce their number of outstanding shares in the market. This is done in an effort to increase the trading price of its shares, for example, when it believes the trading price is too low to attract investors to purchase shares, or in an attempt to regain compliance with minimum bid price requirements of an exchange on which its shares trade.
Overall, Applied UV, Inc.’s reverse stock split is a strategic move that should help the company maintain its listing on Nasdaq and attract more investors to purchase its shares. As of May 30, 2023, the company’s common stock will be consolidated into fewer, more valuable shares, which should result in a boost to its stock price.
AUVI Stock Analysis: Earnings Growth, Revenue Growth, and Financial Ratios
On May 30, 2023, AUVI stock opened at 0.43, lower than its previous close of 0.54. The day’s range was between 0.35 and 0.44, with a volume of 28,715 shares traded. The market cap for AUVI was $10.4M.
The earnings growth for AUVI last year was -63.91%, but this year it has increased by +54.61%. The revenue growth for the previous year was +72.61%. AUVI has a P/E ratio of NM, which means that it has no earnings to report.
The price/sales ratio for AUVI is 0.57, which is relatively low compared to the industry average. The price/book ratio is 0.44, which suggests that the stock is undervalued.
The next reporting date for AUVI is August 15, 2023, and the EPS forecast for this quarter is -$0.17. The annual revenue for last year was $20.1M, and the annual profit was -$16.6M. The net profit margin for AUVI is -82.30%.
AUVI operates in the process industries sector, specifically in the industrial specialties industry.
Applied UV Inc. (AUVI) Stock Price Forecast: Analysts Predict a Strong Increase in the Coming Year
Applied UV Inc. (AUVI) specializes in disinfection systems and technologies. Analysts offer a 12-month price forecast with a median target of 2.50, representing a +579.35% increase from the last price of 0.37. The high and low estimates for the stock price forecast are also at 2.50, indicating a strong consensus among analysts that AUVI’s stock is expected to increase significantly in the coming year. The current consensus among one polled investment analyst is to buy stock in Applied UV Inc. Sales for the current quarter are at $11.4M, which is a positive sign for the company’s revenue growth. The reporting date for the current quarter is set for August 15, 2023.