Arcus Biosciences Inc (RCUS)’s Market Momentum: Closing Strong at 17.47, Up 0.98

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As of close of business last night, Arcus Biosciences Inc’s stock clocked out at $17.47, up 0.98% from its previous closing price of $17.30. In other words, the price has increased by $0.98 from its previous closing price. On the day, 0.9 million shares were traded. RCUS stock price reached its highest trading level at $18.72 during the session, while it also had its lowest trading level at $17.46.

Ratios:

To gain a deeper understanding of RCUS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.14 and its Current Ratio is at 5.14. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.

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, Wells Fargo on Oct-09-24, initiated with a Overweight rating and assigned the stock a target price of $29.

On November 18, 2022, BofA Securities started tracking the stock assigning a Neutral rating and target price of $33.

On October 11, 2022, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $40.Morgan Stanley initiated its Overweight rating on October 11, 2022, with a $40 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 Aug 13 ’24 when Azoy Alexander sold 1,357 shares for $14.97 per share. The transaction valued at 20,314 led to the insider holds 19,070 shares of the business.

Jarrett Jennifer sold 11,551 shares of RCUS for $202,720 on Mar 27 ’24. The Chief Operating Officer now owns 215,253 shares after completing the transaction at $17.55 per share. On Mar 18 ’24, another insider, Jarrett Jennifer, who serves as the Chief Operating Officer of the company, sold 13,449 shares for $17.92 each. As a result, the insider received 240,941 and left with 226,804 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 1597238400 and an Enterprise Value of 643695808. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.47 while its Price-to-Book (P/B) ratio in mrq is 2.51. Its current Enterprise Value per Revenue stands at 2.606 whereas that against EBITDA is -2.438.

Stock Price History:

Over the past 52 weeks, RCUS has reached a high of $20.31, while it has fallen to a 52-week low of $12.95. The 50-Day Moving Average of the stock is 7.81%, while the 200-Day Moving Average is calculated to be 6.20%.

Shares Statistics:

It appears that RCUS traded 568.38K shares on average per day over the past three months and 582440 shares per day over the past ten days. A total of 75.50M shares are outstanding, with a floating share count of 48.07M. Insiders hold about 47.43% of the company’s shares, while institutions hold 52.93% stake in the company. Shares short for RCUS as of 1726185600 were 6898709 with a Short Ratio of 12.14, compared to 1723680000 on 6970282. Therefore, it implies a Short% of Shares Outstanding of 6898709 and a Short% of Float of 15.58.

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