Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Acrivon Therapeutics Inc (NASDAQ: ACRV) was $1.68 for the day, down -17.24% from the previous closing price of $2.03. In other words, the price has decreased by -$17.24 from its previous closing price. On the day, 0.57 million shares were traded. ACRV stock price reached its highest trading level at $1.99 during the session, while it also had its lowest trading level at $1.56.
Ratios:
Our analysis of ACRV’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 10.55 and its Current Ratio is at 10.55. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
On September 16, 2024, Ladenburg Thalmann Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $16.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 11 ’24 when PERCEPTIVE ADVISORS LLC bought 2,353,000 shares for $8.50 per share. The transaction valued at 20,000,500 led to the insider holds 5,360,858 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACRV now has a Market Capitalization of 52670520 and an Enterprise Value of -123164512.
Stock Price History:
The Beta on a monthly basis for ACRV is 1.78, which has changed by -0.7477478 over the last 52 weeks, in comparison to a change of 0.08089435 over the same period for the S&P500. Over the past 52 weeks, ACRV has reached a high of $11.90, while it has fallen to a 52-week low of $2.02. The 50-Day Moving Average of the stock is -67.67%, while the 200-Day Moving Average is calculated to be -75.39%.
Shares Statistics:
ACRV traded an average of 97.95K shares per day over the past three months and 385560 shares per day over the past ten days. A total of 31.23M shares are outstanding, with a floating share count of 21.75M. Insiders hold about 30.63% of the company’s shares, while institutions hold 66.29% stake in the company. Shares short for ACRV as of 1741910400 were 730574 with a Short Ratio of 7.46, compared to 1739491200 on 1132370. Therefore, it implies a Short% of Shares Outstanding of 730574 and a Short% of Float of 6.1100002.
