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The closing price of Adicet Bio Inc (NASDAQ: ACET) was $0.90 for the day, down -1.53% from the previous closing price of $0.91. In other words, the price has decreased by -$1.53 from its previous closing price. On the day, 1.17 million shares were traded. ACET stock price reached its highest trading level at $0.95 during the session, while it also had its lowest trading level at $0.886.
Ratios:
Our analysis of ACET’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 10.64 and its Current Ratio is at 10.64. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.07.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 74160896 and an Enterprise Value of -97815752.
Stock Price History:
Over the past 52 weeks, ACET has reached a high of $3.77, while it has fallen to a 52-week low of $0.91. The 50-Day Moving Average of the stock is -32.66%, while the 200-Day Moving Average is calculated to be -45.25%.
Shares Statistics:
ACET traded an average of 477.92K shares per day over the past three months and 904430 shares per day over the past ten days. A total of 82.40M shares are outstanding, with a floating share count of 66.22M. Insiders hold about 19.64% of the company’s shares, while institutions hold 51.43% stake in the company. Shares short for ACET as of 1728950400 were 3427668 with a Short Ratio of 7.20, compared to 1726185600 on 4182289. Therefore, it implies a Short% of Shares Outstanding of 3427668 and a Short% of Float of 4.93.
