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Acacia Research Corp (NASDAQ: ACTG) closed the day trading at $4.45 down -4.51% from the previous closing price of $4.66. In other words, the price has decreased by -$4.51 from its previous closing price. On the day, 0.57 million shares were traded. ACTG stock price reached its highest trading level at $4.65 during the session, while it also had its lowest trading level at $4.41.
Ratios:
For a better understanding of ACTG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.90 and its Current Ratio is at 11.17. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.15.
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, Craig Hallum on May 22, 2020, initiated with a Buy rating and assigned the stock a target price of $4.
On July 29, 2016, Barclays reiterated its Underweight rating and also lowered its target price recommendation from $4 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 May 17 ’24 when Soncini Jason W. bought 5,000 shares for $5.36 per share. The transaction valued at 26,800 led to the insider holds 226,661 shares of the business.
McNulty Martin D. Jr. bought 14,534 shares of ACTG for $76,304 on May 16 ’24. The Chief Executive Officer now owns 193,699 shares after completing the transaction at $5.25 per share. On May 17 ’24, another insider, McNulty Martin D. Jr., who serves as the Chief Executive Officer of the company, bought 4,428 shares for $5.42 each. As a result, the insider paid 24,000 and bolstered with 198,127 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, ACTG now has a Market Capitalization of 446668736 and an Enterprise Value of 125244792. As of this moment, Acacia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 0.821 whereas that against EBITDA is 2.188.
Stock Price History:
Over the past 52 weeks, ACTG has reached a high of $5.74, while it has fallen to a 52-week low of $3.43. The 50-Day Moving Average of the stock is -8.00%, while the 200-Day Moving Average is calculated to be -5.71%.
Shares Statistics:
Over the past 3-months, ACTG traded about 321.62K shares per day on average, while over the past 10 days, ACTG traded about 340290 shares per day. A total of 100.38M shares are outstanding, with a floating share count of 98.61M. Insiders hold about 1.76% of the company’s shares, while institutions hold 85.93% stake in the company. Shares short for ACTG as of 1726185600 were 910593 with a Short Ratio of 2.83, compared to 1723680000 on 793055. Therefore, it implies a Short% of Shares Outstanding of 910593 and a Short% of Float of 2.41.
