Market Highlights: Arcutis Biotherapeutics Inc (ARQT) Ends on a Low Note at 10.02

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The price of Arcutis Biotherapeutics Inc (NASDAQ: ARQT) closed at $10.02 in the last session, down -3.93% from day before closing price of $10.43. In other words, the price has decreased by -$3.93 from its previous closing price. On the day, 1.69 million shares were traded. ARQT stock price reached its highest trading level at $10.475 during the session, while it also had its lowest trading level at $9.98.

Ratios:

We take a closer look at ARQT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 9.61 and its Current Ratio is at 9.89. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.92.

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, Mizuho on January 03, 2024, Upgraded its rating to Buy and sets its target price to $8 from $4 previously.

On October 26, 2023, Mizuho Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $57 to $4.

Goldman Downgraded its Buy to Neutral on October 13, 2023, whereas the target price for the stock was revised from $32 to $6.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 01 ’24 when Welgus Howard G. sold 10,000 shares for $9.31 per share. The transaction valued at 93,141 led to the insider holds 180,339 shares of the business.

Welgus Howard G. sold 10,000 shares of ARQT for $80,092 on Jun 04 ’24. The Director now owns 170,200 shares after completing the transaction at $8.01 per share. On May 30 ’24, another insider, Burnett Patrick, who serves as the insider of the company, sold 23,000 shares for $8.75 each. As a result, the insider received 201,319 and left with 209,793 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, ARQT now has a Market Capitalization of 1207420032 and an Enterprise Value of 962830912. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.90 while its Price-to-Book (P/B) ratio in mrq is 5.15. Its current Enterprise Value per Revenue stands at 9.05 whereas that against EBITDA is -4.939.

Stock Price History:

The Beta on a monthly basis for ARQT is 1.18, which has changed by 0.04158008 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, ARQT has reached a high of $13.17, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is 15.59%, while the 200-Day Moving Average is calculated to be 55.28%.

Shares Statistics:

According to the various share statistics, ARQT traded on average about 3.00M shares per day over the past 3-months and 3119290 shares per day over the past 10 days. A total of 115.76M shares are outstanding, with a floating share count of 99.22M. Insiders hold about 14.29% of the company’s shares, while institutions hold 98.47% stake in the company. Shares short for ARQT as of 1718323200 were 26017672 with a Short Ratio of 8.67, compared to 1715731200 on 22173654. Therefore, it implies a Short% of Shares Outstanding of 26017672 and a Short% of Float of 27.879998.

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