In the latest session, Arcellx Inc (NASDAQ: ACLX) closed at $70.55 up 3.25% from its previous closing price of $68.33. In other words, the price has increased by $+2.22 from its previous closing price. On the day, 553633 shares were traded.
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Ratios:
For a deeper understanding of Arcellx Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.81. For the most recent quarter (mrq), Quick Ratio is recorded 6.06 and its Current Ratio is at 6.06. In the meantime, Its Debt-to-Equity ratio is 0.20 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 12 ’24 when Elghandour Rami sold 11,169 shares for $64.46 per share. The transaction valued at 719,948 led to the insider holds 92,339 shares of the business.
Heery Christopher sold 2,967 shares of ACLX for $191,251 on Feb 12 ’24. The CHIEF MEDICAL OFFICER now owns 30,303 shares after completing the transaction at $64.46 per share. On Feb 09 ’24, another insider, Elghandour Rami, who serves as the insider of the company, sold 13,886 shares for $63.40 each. As a result, the insider received 880,340 and left with 103,508 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 3.73B and an Enterprise Value of 3.13B. For the stock, the TTM Price-to-Sale (P/S) ratio is 33.43 while its Price-to-Book (P/B) ratio in mrq is 7.60. Its current Enterprise Value per Revenue stands at 28.33 whereas that against EBITDA is -48.72.
Stock Price History:
Over the past 52 weeks, ACLX has reached a high of $75.10, while it has fallen to a 52-week low of $26.65. The 50-Day Moving Average of the stock is 61.83, while the 200-Day Moving Average is calculated to be 45.04.
Shares Statistics:
For the past three months, ACLX has traded an average of 491.20K shares per day and 537.13k over the past ten days. A total of 52.28M shares are outstanding, with a floating share count of 36.99M. Insiders hold about 29.24% of the company’s shares, while institutions hold 75.53% stake in the company. Shares short for ACLX as of Feb 29, 2024 were 3.43M with a Short Ratio of 6.98, compared to 3.97M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.50% and a Short% of Float of 7.27%.
Earnings Estimates
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.54 for the current quarter, with a high estimate of -$0.19 and a low estimate of -$0.95, while EPS last year was -$0.58. The consensus estimate for the next quarter is -$0.55, with high estimates of -$0.21 and low estimates of -$1.
Analysts are recommending an EPS of between $0.29 and -$4.1 for the fiscal current year, implying an average EPS of -$1.98. EPS for the following year is -$2.01, with 13 analysts recommending between $1.35 and -$4.6.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $18.87M this quarter.It ranges from a high estimate of $34.7M to a low estimate of $15M. As of the current estimate, Arcellx Inc’s year-ago sales were $17.91M, an estimated increase of 5.30% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $18.95M, a decrease of -53.30% less than the figure of $5.30% in the same quarter last year. There is a high estimate of $34.7M for the next quarter, whereas the lowest estimate is $15M.
A total of 11 analysts have provided revenue estimates for ACLX’s current fiscal year. The highest revenue estimate was $203.41M, while the lowest revenue estimate was $59.8M, resulting in an average revenue estimate of $105.96M. In the same quarter a year ago, actual revenue was $110.32M, down -4.00% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $124.76M in the next fiscal year. The high estimate is $279.75M and the low estimate is $60M. The average revenue growth estimate for next year is up 17.70% from the average revenue estimate for this year.
