Hartford, CT 05/09/2013 (GDPInsider) – Affymax Inc. (NASDAQ:AFFY) escalated 31.94% to $1.90. Its opening share price was $1.60 as compared to the previous days share closing price of $1.44. The stock rose to an intraday high of $1.86 and dipped to an intraday low of $1.45. Shares in excess of 9.65 million were traded in today’s trading session as compared to the average trading volume of 4.41 million which is calculated over a period of thirty days. The market cap of the stock at current levels is $68.88 million and beta is 1.00 which is calculated from the movement of the stock in comparison to the index. The analysts are targeting a price of about $4.75, thus there is further room for the stock to rise. The short float percentage in the company’s stock is 42.51% and the short ratio is 1.91. The price of the stock is 87.96% above its 20 days simple moving average of $1.02.
The trades are speculating that the stock will reverse from its bottom; the stock was amongst the most active stocks traded in today’s trading session.