Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Adicet Bio Inc (NASDAQ: ACET) was $0.99 for the day, up 10.27% from the previous closing price of $0.90. In other words, the price has increased by $10.27 from its previous closing price. On the day, 0.59 million shares were traded. ACET stock price reached its highest trading level at $1.01 during the session, while it also had its lowest trading level at $0.9021.
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.
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 81733552 and an Enterprise Value of -102132488.
Stock Price History:
The Beta on a monthly basis for ACET is 1.99, which has changed by -0.65192986 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, ACET has reached a high of $3.04, while it has fallen to a 52-week low of $0.81. The 50-Day Moving Average of the stock is 4.60%, while the 200-Day Moving Average is calculated to be -21.99%.
Shares Statistics:
ACET traded an average of 963.33K shares per day over the past three months and 2884400 shares per day over the past ten days. A total of 82.40M shares are outstanding, with a floating share count of 65.13M. Insiders hold about 20.96% of the company’s shares, while institutions hold 50.77% stake in the company. Shares short for ACET as of 1738281600 were 2972465 with a Short Ratio of 3.09, compared to 1735603200 on 3369133. Therefore, it implies a Short% of Shares Outstanding of 2972465 and a Short% of Float of 4.2700000000000005.
