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After finishing at $1.35 in the prior trading day, Adicet Bio Inc (NASDAQ: ACET) closed at $1.31, down -2.96%. In other words, the price has decreased by -$2.96 from its previous closing price. On the day, 0.56 million shares were traded. ACET stock price reached its highest trading level at $1.37 during the session, while it also had its lowest trading level at $1.27.
Ratios:
Our goal is to gain a better understanding of ACET by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.34 and its Current Ratio is at 14.34. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.06.
JP Morgan Downgraded its Overweight to Neutral on June 01, 2023, whereas the target price for the stock was revised from $20 to $6.
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 Jun 05 ’24 when Kauffman Michael sold 5,900 shares for $1.43 per share. The transaction valued at 8,437 led to the insider holds 5,900 shares of the business.
ORBIMED ADVISORS LLC bought 3,125,000 shares of ACET for $7,500,000 on Jan 25 ’24. The Director now owns 7,526,359 shares after completing the transaction at $2.40 per share. On Jan 25 ’24, another insider, GORDON CARL L, who serves as the Director of the company, bought 3,125,000 shares for $2.40 each. As a result, the insider paid 7,500,000 and bolstered with 7,526,359 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, ACET now has a Market Capitalization of 107647288 and an Enterprise Value of -119905712.
Stock Price History:
Over the past 52 weeks, ACET has reached a high of $5.74, while it has fallen to a 52-week low of $1.10. The 50-Day Moving Average of the stock is -26.24%, while the 200-Day Moving Average is calculated to be -30.13%.
Shares Statistics:
The stock has traded on average 1.25M shares per day over the past 3-months and 664220 shares per day over the last 10 days, according to various share statistics. A total of 82.17M shares are outstanding, with a floating share count of 66.12M. Insiders hold about 19.53% of the company’s shares, while institutions hold 75.40% stake in the company. Shares short for ACET as of 1715731200 were 6939179 with a Short Ratio of 5.53, compared to 1713139200 on 7853977. Therefore, it implies a Short% of Shares Outstanding of 6939179 and a Short% of Float of 10.0.
Earnings Estimates
The dynamic stock of Adicet Bio Inc (ACET) is currently being evaluated by a team of 8.0 analysts, each contributing to its current rating.On average, analysts expect EPS of -$0.36 for the current quarter, with a high estimate of -$0.3 and a low estimate of -$0.41, while EPS last year was -$0.75. The consensus estimate for the next quarter is -$0.37, with high estimates of -$0.27 and low estimates of -$0.42.
Analysts are recommending an EPS of between -$1.22 and -$1.62 for the fiscal current year, implying an average EPS of -$1.45. EPS for the following year is -$1.58, with 9.0 analysts recommending between -$0.89 and -$3.33.
