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The closing price of Adicet Bio Inc (NASDAQ: ACET) was $1.17 for the day, up 9.35% from the previous closing price of $1.07. In other words, the price has increased by $9.35 from its previous closing price. On the day, 1.96 million shares were traded. ACET stock price reached its highest trading level at $1.2 during the session, while it also had its lowest trading level at $1.15.
Ratios:
Our analysis of ACET’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 14.34 and its Current Ratio is at 14.34. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.06.
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:
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 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 96143000 and an Enterprise Value of -131410000.
Stock Price History:
The Beta on a monthly basis for ACET is 1.80, which has changed by -0.64329267 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 -19.43%, while the 200-Day Moving Average is calculated to be -36.21%.
Shares Statistics:
ACET traded an average of 1.20M shares per day over the past three months and 2035230 shares per day over the past ten days. A total of 82.17M shares are outstanding, with a floating share count of 66.09M. Insiders hold about 19.57% of the company’s shares, while institutions hold 75.36% stake in the company. Shares short for ACET as of 1718323200 were 7090202 with a Short Ratio of 5.90, compared to 1715731200 on 6939179. Therefore, it implies a Short% of Shares Outstanding of 7090202 and a Short% of Float of 10.22.
