Arcus Biosciences Inc (NYSE: RCUS) closed the day trading at $19.36 up 3.09% from the previous closing price of $18.78. In other words, the price has increased by $+0.58 from its previous closing price. On the day, 695737 shares were traded.
Ratios:
For a better understanding of RCUS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.52 and its Current Ratio is at 4.52. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.24.
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, BofA Securities on November 18, 2022, initiated with a Neutral rating and assigned the stock a target price of $33.
On October 11, 2022, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $40.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 27 ’24 when Jarrett Jennifer sold 34,070 shares for $20.11 per share. The transaction valued at 685,148 led to the insider holds 240,253 shares of the business.
Jaen Juan C. sold 23,132 shares of RCUS for $464,953 on Feb 27 ’24. The President now owns 1,188,233 shares after completing the transaction at $20.10 per share. On Feb 26 ’24, another insider, Jarrett Jennifer, who serves as the Chief Operating Officer of the company, sold 24,555 shares for $20.07 each. As a result, the insider received 492,819 and left with 274,323 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, RCUS now has a Market Capitalization of 1.76B and an Enterprise Value of 1.01B. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.03 while its Price-to-Book (P/B) ratio in mrq is 3.16. Its current Enterprise Value per Revenue stands at 8.64 whereas that against EBITDA is -3.47.
Stock Price History:
Over the past 52 weeks, RCUS has reached a high of $25.47, while it has fallen to a 52-week low of $12.95. The 50-Day Moving Average of the stock is 17.23, while the 200-Day Moving Average is calculated to be 18.06.
Shares Statistics:
Over the past 3-months, RCUS traded about 899.60K shares per day on average, while over the past 10 days, RCUS traded about 1.1M shares per day. A total of 75.50M shares are outstanding, with a floating share count of 47.31M. Insiders hold about 47.93% of the company’s shares, while institutions hold 54.42% stake in the company. Shares short for RCUS as of Feb 15, 2024 were 7.52M with a Short Ratio of 8.36, compared to 7.15M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.28% and a Short% of Float of 12.42%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of -$0.9 for the current quarter, with a high estimate of -$0.42 and a low estimate of -$1.15, while EPS last year was -$1.09. The consensus estimate for the next quarter is -$0.48, with high estimates of $2.21 and low estimates of -$1.11.
Analysts are recommending an EPS of between -$1.28 and -$4.48 for the fiscal current year, implying an average EPS of -$3.28. EPS for the following year is -$4.21, with 8 analysts recommending between -$2.41 and -$5.99.
Revenue Estimates
6 analysts predict $37.32M in revenue for the current quarter. It ranges from a high estimate of $72.5M to a low estimate of $25M. As of the current estimate, Arcus Biosciences Inc’s year-ago sales were $25M, an estimated increase of 49.30% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $30.48M, an increase of 0.60% less than the figure of $49.30% in the same quarter last year. There is a high estimate of $40M for the next quarter, whereas the lowest estimate is $22.5M.
A total of 8 analysts have provided revenue estimates for RCUS’s current fiscal year. The highest revenue estimate was $502.19M, while the lowest revenue estimate was $100M, resulting in an average revenue estimate of $203.11M. In the same quarter a year ago, actual revenue was $117M, up 73.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $174.44M in the next fiscal year. The high estimate is $524.84M and the low estimate is $90M. The average revenue growth estimate for next year is down -14.10% from the average revenue estimate for this year.
