Reasons why Accelerate Diagnostics Inc’s (NASDAQ:AXDX) fundamentals are futile

In Tuesday’s Wall Street session, Accelerate Diagnostics Inc (NASDAQ:AXDX) shares traded at $0.09, down -34.38% from the previous session.

AXDX stock price is now -87.77% away from the 50-day moving average and -93.33% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22M.

With the price target maintained at $5, Craig Hallum recently Downgraded its rating from Buy to Hold for Accelerate Diagnostics Inc (NASDAQ: AXDX). , while ‘Craig Hallum’ rates the stock as ‘Buy’

In other news, Phillips Jack, Chief Executive Officer sold 25,343 shares of the company’s stock on Apr 04 ’25. The stock was sold for $16,473 at an average price of $0.65. Upon completion of the transaction, the Chief Executive Officer now directly owns 191,374 shares in the company, valued at $17223.66. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’25, Chief Technology Officer Mertz Larry Michael sold 1,523 shares of the business’s stock. A total of $990 was realized by selling the stock at an average price of $0.65. This leaves the insider owning 84,803 shares of the company worth $7632.27. A total of 39.27% of the company’s stock is owned by insiders.

During the past 12 months, Accelerate Diagnostics Inc has had a low of $0.11 and a high of $2.09.

The company reported revenue of $2.82 million for the quarter, compared to $3.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.97 percent. For the current quarter, analysts expect AXDX to generate $3.1M in revenue.

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