Is Klotho Neurosciences Inc (NASDAQ:KLTO) being unfairly punished by investors?

The price of Klotho Neurosciences Inc (NASDAQ:KLTO) shares last traded on Wall Street fell -27.86% to $1.45.

KLTO stock price is now 424.40% away from the 50-day moving average and 231.02% away from the 200-day moving average. The market capitalization of the company currently stands at $47.11M.

In other news, CHARDAN CAPITAL MARKETS LLC, 10% Owner sold 180,000 shares of the company’s stock on Jul 02 ’24. The stock was sold for $368,442 at an average price of $2.05. Upon completion of the transaction, the 10% Owner now directly owns 1,284,364 shares in the company, valued at $1.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, 10% Owner CHARDAN CAPITAL MARKETS LLC sold 115,136 shares of the business’s stock. A total of $237,618 was realized by selling the stock at an average price of $2.06. This leaves the insider owning 1,464,364 shares of the company worth $2.12 million. A total of 17.63% of the company’s stock is owned by insiders.

During the past 12 months, Klotho Neurosciences Inc has had a low of $0.11 and a high of $7.35. As of last week, the company has a debt-to-equity ratio of 2.77, a current ratio of 0.29, and a quick ratio of 0.29.

The company reported revenue of $1.59 million for the quarter, compared to $0.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 136.16 percent.

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