Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Adicet Bio Inc (NASDAQ: ACET) closed the day trading at $0.49 down -18.65% from the previous closing price of $0.60. In other words, the price has decreased by -$18.65 from its previous closing price. On the day, 0.62 million shares were traded.
Ratios:
For a better understanding of ACET, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.34 and its Current Ratio is at 9.34. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.08.
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.
Stock Price History:
Over the past 52 weeks, ACET has reached a high of $1.87, while it has fallen to a 52-week low of $0.45. The 50-Day Moving Average of the stock is -30.88%, while the 200-Day Moving Average is calculated to be -54.90%.
Shares Statistics:
A total of 82.71M shares are outstanding, with a floating share count of 65.38M. Insiders hold about 20.96% of the company’s shares, while institutions hold 50.41% stake in the company.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 5.0 analysts currently analyzing and rating the stock of Adicet Bio Inc (ACET).The consensus estimate for the next quarter is -$0.33, with high estimates of -$0.23 and low estimates of -$0.38.
Analysts are recommending an EPS of between -$0.99 and -$1.5 for the fiscal current year, implying an average EPS of -$1.25. EPS for the following year is -$0.88, with 5.0 analysts recommending between -$0.73 and -$1.11.
