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As of close of business last night, Arcutis Biotherapeutics Inc’s stock clocked out at $9.68, down -1.12% from its previous closing price of $9.79. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 1.16 million shares were traded. ARQT stock price reached its highest trading level at $10.09 during the session, while it also had its lowest trading level at $9.66.
Ratios:
To gain a deeper understanding of ARQT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.19 and its Current Ratio is at 8.46. In the meantime, Its Debt-to-Equity ratio is 1.11 whereas as Long-Term Debt/Eq ratio is at 1.11.
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, Jefferies on August 28, 2024, initiated with a Buy rating and assigned the stock a target price of $15.
On January 03, 2024, Mizuho Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $4 to $8.
Mizuho Downgraded its Buy to Neutral on October 26, 2023, whereas the target price for the stock was revised from $57 to $4.
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 Oct 01 ’24 when Welgus Howard G. sold 10,000 shares for $9.26 per share. The transaction valued at 92,616 led to the insider holds 181,944 shares of the business.
Edwards Larry Todd sold 3,725 shares of ARQT for $37,295 on Oct 02 ’24. The SVP Chief Commercial Officer now owns 136,635 shares after completing the transaction at $10.01 per share. On Oct 02 ’24, another insider, Edwards Larry Todd, who serves as the Officer of the company, bought 3,725 shares for $10.01 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARQT now has a Market Capitalization of 1131504896 and an Enterprise Value of 976631104. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.57 while its Price-to-Book (P/B) ratio in mrq is 6.05. Its current Enterprise Value per Revenue stands at 7.395 whereas that against EBITDA is -5.478.
Stock Price History:
Over the past 52 weeks, ARQT has reached a high of $13.17, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is -1.16%, while the 200-Day Moving Average is calculated to be 11.64%.
Shares Statistics:
It appears that ARQT traded 2.24M shares on average per day over the past three months and 1829990 shares per day over the past ten days. A total of 116.89M shares are outstanding, with a floating share count of 101.69M. Insiders hold about 13.00% of the company’s shares, while institutions hold 100.00% stake in the company. Shares short for ARQT as of 1726185600 were 24863988 with a Short Ratio of 11.12, compared to 1723680000 on 23804159. Therefore, it implies a Short% of Shares Outstanding of 24863988 and a Short% of Float of 26.319999.
