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As of close of business last night, Adicet Bio Inc’s stock clocked out at $1.26, down -3.82% from its previous closing price of $1.31. In other words, the price has decreased by -$3.82 from its previous closing price. On the day, 0.67 million shares were traded. ACET stock price reached its highest trading level at $1.335 during the session, while it also had its lowest trading level at $1.22.
Ratios:
To gain a deeper understanding of ACET’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.64 and its Current Ratio is at 10.64. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.07.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 05 ’24 when Kauffman Michael sold 5,900 shares for $1.43 per share. The transaction valued at 8,437 led to the insider holds 5,900 shares of the business.
ORBIMED ADVISORS LLC bought 3,125,000 shares of ACET for $7,500,000 on Jan 25 ’24. The Director now owns 7,526,359 shares after completing the transaction at $2.40 per share. On Jan 25 ’24, another insider, GORDON CARL L, who serves as the Director of the company, bought 3,125,000 shares for $2.40 each. As a result, the insider paid 7,500,000 and bolstered with 7,526,359 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 103825256 and an Enterprise Value of -97815752.
Stock Price History:
Over the past 52 weeks, ACET has reached a high of $3.77, while it has fallen to a 52-week low of $1.05. The 50-Day Moving Average of the stock is -11.26%, while the 200-Day Moving Average is calculated to be -27.49%.
Shares Statistics:
It appears that ACET traded 428.05K shares on average per day over the past three months and 362820 shares per day over the past ten days. A total of 82.40M shares are outstanding, with a floating share count of 66.22M. Insiders hold about 19.64% of the company’s shares, while institutions hold 57.79% stake in the company. Shares short for ACET as of 1728950400 were 3427668 with a Short Ratio of 8.01, compared to 1726185600 on 4182289. Therefore, it implies a Short% of Shares Outstanding of 3427668 and a Short% of Float of 4.93.
