The price of Adicet Bio Inc (NASDAQ: ACET) closed at $2.47 in the last session, up 1.23% from day before closing price of $2.44. In other words, the price has increased by $+0.0300 from its previous closing price. On the day, 972047 shares were traded. ACET stock price reached its highest trading level at $2.5200 during the session, while it also had its lowest trading level at $2.3801.
Ratios:
We take a closer look at ACET’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 9.40 and its Current Ratio is at 9.40. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.10.
JP Morgan Downgraded its Overweight to Neutral on June 01, 2023, whereas the target price for the stock was revised from $20 to $6.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 25 when ORBIMED ADVISORS LLC bought 3,125,000 shares for $2.40 per share. The transaction valued at 7,500,000 led to the insider holds 7,526,359 shares of the business.
GORDON CARL L bought 3,125,000 shares of ACET for $7,500,000 on Jan 25. The Director now owns 7,526,359 shares after completing the transaction at $2.40 per share. On Oct 02, another insider, Schor Chen, who serves as the President & CEO of the company, bought 5,500 shares for $1.33 each. As a result, the insider paid 7,340 and bolstered with 43,469 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACET now has a Market Capitalization of 202.66M and an Enterprise Value of 41.20M. Its current Enterprise Value per Revenue stands at 2.14 whereas that against EBITDA is -0.30.
Stock Price History:
The Beta on a monthly basis for ACET is 1.89, which has changed by -68.85% over the last 52 weeks, in comparison to a change of 27.79% over the same period for the S&P500. Over the past 52 weeks, ACET has reached a high of $8.25, while it has fallen to a 52-week low of $1.10. The 50-Day Moving Average of the stock is 2.4821, while the 200-Day Moving Average is calculated to be 2.6100.
Shares Statistics:
According to the various share statistics, ACET traded on average about 1.38M shares per day over the past 3-months and 1.57M shares per day over the past 10 days. A total of 82.05M shares are outstanding, with a floating share count of 65.19M. Insiders hold about 20.55% of the company’s shares, while institutions hold 39.91% stake in the company. Shares short for ACET as of Jan 31, 2024 were 3.89M with a Short Ratio of 2.82, compared to 2.65M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.74% and a Short% of Float of 5.50%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.69 for the current quarter, with a high estimate of -$0.45 and a low estimate of -$0.78, while EPS last year was -$0.72. The consensus estimate for the next quarter is -$0.58, with high estimates of -$0.28 and low estimates of -$0.78.
Analysts are recommending an EPS of between -$3.09 and -$3.41 for the fiscal current year, implying an average EPS of -$3.32. EPS for the following year is -$2.44, with 8 analysts recommending between -$1.13 and -$3.44.
