Applied DNA Sciences, Inc. (APDN) Stock | Company Enters Diagnostic Market with a Splash


Applied DNA Sciences, Inc.  (NASDAQ: APDN)


Applied DNA Sciences, Inc. (APDN), a DNA-based technology security company yesterday announced its first orders of DNA used in the diagnostic marketplace. The total value of the orders is for over $400,000.


Applied DNA Sciences, Inc. CEO Comments

(CEO is referring to the Vandalia Research Inc. acquisition on September 11, 2015)

Dr. James Hayward, CEO of Applied DNA Sciences, stated:

“With the fulfillment of these orders, we are already beginning to reap the benefits of the acquisition. Whereas Vandalia’s PCR technology enhances our in-house DNA manufacturing capacity as demand drivers strengthen across key business verticals, it simultaneously provides us entrée into biotechnology, pharmaceutical and diagnostic markets. As we continue to provide contract production of DNA to clients in these markets, we plan to also introduce them to our DNA-based security solutions to protect their products against theft of their IP and the invasion of counterfeits into their supply chains.”  Market Wired


APDN Technical Analysis


APDN gapped up in price yesterday to $3.57, up from the prior day’s close of $3.44, which is a 4% increase in price based on favorable news. Taking a look at the daily chart, we can see the last time the stock traded above this price level was on October 28th, when it closed at $7.03.  The very next day of trading on October 29th, it hit lows of $2.74 which was a 61% drop in one day of trading. APDN currently is bouncing of those lows and is trying to find its equilibrium price. The stock does have a low float of 18.40 million shares and is trading on 5 times the normal daily trading volume. The stock did reach pre market highs of $3.75, but it gave back $0.18 at the open, or equivalent to 5%. For trading purposes, my entry point would have been $3.65 looking for a run up to $4. My stop loss would have been $3.50 fearing anything below that and the stocks move up would have stalled.  


Company Profile

Applied DNA Sciences, Inc. provides botanical DNA-based technologies for supply chain security, brand protection, and law enforcement applications in the United States, Europe, and Asia. Its principal anti-counterfeiting and product authentication solutions include SigNature DNA, which could be incorporated into labeling, packaging, and products themselves giving manufacturers a range of options, as well as used for fortifying brand protection, strengthening supply chain security, and marking, tracking, and convicting criminals; SigNature T botanical DNA markers that are used for brand protection and raw material source compliance programs; and fiberTyping, which is used to test cotton DNA in fiber, yarn, or fabric. The company also offers DNAnet, a botanical DNA marker used to link evidence and offenders to specific crime scenes; and digitalDNA, a cloud-based security platform. In addition, it provides counterfeit prevention authentication program, a turnkey program for electronics, military, commercial, and aerospace contractors to verify the originality or provenance of parts marked by their suppliers with SigNature DNA Markers. Applied DNA Sciences, Inc. serves microcircuits and other electronics, cash-in-transit, textile and apparel, automotive, and printing and packaging businesses. The company was formerly known as Datalink Systems, Inc. and changed its name to Applied DNA Sciences, Inc. in 2002. Applied DNA Sciences, Inc. was founded in 1983 and is headquartered in Stony Brook, New York. Yahoo Finance