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The closing price of Fate Therapeutics Inc (NASDAQ: FATE) was $2.42 for the day, down -5.10% from the previous closing price of $2.55. In other words, the price has decreased by -$5.10 from its previous closing price. On the day, 1.94 million shares were traded. FATE stock price reached its highest trading level at $2.57 during the session, while it also had its lowest trading level at $2.335.
Ratios:
Our analysis of FATE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.18 and its Current Ratio is at 9.18. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.24.
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 the company, Piper Sandler on June 17, 2024, Upgraded its rating to Overweight and sets its target price to $6 from $4 previously.
H.C. Wainwright Downgraded its Buy to Neutral on January 24, 2023, whereas the target price for the stock was revised from $115 to $7.
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 Aug 06 ’24 when Xu Yuan sold 633 shares for $4.23 per share. The transaction valued at 2,678 led to the insider holds 8,669 shares of the business.
Xu Yuan bought 633 shares of FATE for $2,678 on Aug 06 ’24. On Mar 04 ’24, another insider, Dulac Edward J III, who serves as the Chief Financial Officer of the company, sold 2,447 shares for $7.77 each. As a result, the insider received 19,013 and left with 101,479 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, FATE now has a Market Capitalization of 275584768 and an Enterprise Value of 71270480. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.23 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 5.786 whereas that against EBITDA is -0.436.
Stock Price History:
Over the past 52 weeks, FATE has reached a high of $8.83, while it has fallen to a 52-week low of $1.91. The 50-Day Moving Average of the stock is -25.33%, while the 200-Day Moving Average is calculated to be -47.03%.
Shares Statistics:
FATE traded an average of 1.30M shares per day over the past three months and 1685180 shares per day over the past ten days. A total of 98.63M shares are outstanding, with a floating share count of 98.13M. Insiders hold about 13.83% of the company’s shares, while institutions hold 93.37% stake in the company. Shares short for FATE as of 1728950400 were 16063774 with a Short Ratio of 12.35, compared to 1726185600 on 15041690. Therefore, it implies a Short% of Shares Outstanding of 16063774 and a Short% of Float of 16.189999999999998.
