Analytical Overview: Arcellx Inc (ACLX)’s Ratios Tell a Financial Story

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As of close of business last night, Arcellx Inc’s stock clocked out at $51.72, up 2.17% from its previous closing price of $50.62. In other words, the price has increased by $2.17 from its previous closing price. On the day, 0.64 million shares were traded. ACLX stock price reached its highest trading level at $54.56 during the session, while it also had its lowest trading level at $51.22.

Ratios:

To gain a deeper understanding of ACLX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.46 and its Current Ratio is at 5.46. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on March 07, 2024, initiated with a Overweight rating and assigned the stock a target price of $81.

On January 04, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $65 to $71.

On December 19, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $66.Scotiabank initiated its Sector Outperform rating on December 19, 2023, with a $66 target price.

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 May 01 ’24 when Heery Christopher sold 18,168 shares for $51.33 per share. The transaction valued at 932,557 led to the insider holds 8,938 shares of the business.

Ware Olivia C sold 9,402 shares of ACLX for $522,260 on Apr 16 ’24. The Director now owns 0 shares after completing the transaction at $55.55 per share. On Apr 01 ’24, another insider, Elghandour Rami, who serves as the insider of the company, sold 23,086 shares for $67.09 each. As a result, the insider received 1,548,887 and left with 69,253 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, ACLX now has a Market Capitalization of 2767154432 and an Enterprise Value of 2280595968. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.02 while its Price-to-Book (P/B) ratio in mrq is 5.55. Its current Enterprise Value per Revenue stands at 17.321 whereas that against EBITDA is -31.327.

Stock Price History:

The Beta on a monthly basis for ACLX is 0.22, which has changed by 0.25533986 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, ACLX has reached a high of $75.10, while it has fallen to a 52-week low of $30.74. The 50-Day Moving Average of the stock is -14.98%, while the 200-Day Moving Average is calculated to be 3.24%.

Shares Statistics:

It appears that ACLX traded 462.06K shares on average per day over the past three months and 470420 shares per day over the past ten days. A total of 52.28M shares are outstanding, with a floating share count of 43.78M. Insiders hold about 18.17% of the company’s shares, while institutions hold 76.21% stake in the company. Shares short for ACLX as of 1714435200 were 3870419 with a Short Ratio of 8.38, compared to 1711584000 on 3768604. Therefore, it implies a Short% of Shares Outstanding of 3870419 and a Short% of Float of 8.33.

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