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The price of Fate Therapeutics Inc (NASDAQ: FATE) closed at $1.36 in the last session, down -4.23% from day before closing price of $1.42. In other words, the price has decreased by -$4.23 from its previous closing price. On the day, 1.51 million shares were traded.
Ratios:
We take a closer look at FATE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 8.29 and its Current Ratio is at 8.29. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.25.
On June 17, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $4 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 10 ’25 when Bressi Jerome Charles sold 5,980 shares for $1.55 per share. The transaction valued at 9,269 led to the insider holds 270,203 shares of the business.
TAHL CINDY sold 5,654 shares of FATE for $8,764 on Jan 10 ’25. The insider now owns 336,707 shares after completing the transaction at $1.55 per share. On Jan 10 ’25, another insider, Valamehr Bahram, who serves as the President and CEO of the company, sold 8,705 shares for $1.54 each. As a result, the insider received 13,406 and left with 349,364 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 11.52 while its Price-to-Book (P/B) ratio in mrq is 0.43.
Stock Price History:
Over the past 52 weeks, FATE has reached a high of $8.83, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -10.86%, while the 200-Day Moving Average is calculated to be -54.46%.
Shares Statistics:
A total of 113.88M shares are outstanding, with a floating share count of 97.88M. Insiders hold about 14.06% of the company’s shares, while institutions hold 81.33% stake in the company.
