Market Momentum: Century Therapeutics Inc (IPSC) Registers a -4.79 Decrease, Closing at 1.39

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Century Therapeutics Inc (NASDAQ: IPSC) closed the day trading at $1.39 down -4.79% from the previous closing price of $1.46. In other words, the price has decreased by -$4.79 from its previous closing price. On the day, 0.52 million shares were traded. IPSC stock price reached its highest trading level at $1.46 during the session, while it also had its lowest trading level at $1.33.

Ratios:

For a better understanding of IPSC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.62 and its Current Ratio is at 10.62. 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 this company, Rodman & Renshaw on August 08, 2024, initiated with a Buy rating and assigned the stock a target price of $6.

On August 28, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $28 to $5.

On December 27, 2022, Chardan Capital Markets started tracking the stock assigning a Buy rating and target price of $19.Chardan Capital Markets initiated its Buy rating on December 27, 2022, with a $19 target price.

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 Sep 12 ’24 when Quimi Daphne bought 5,000 shares for $1.53 per share. The transaction valued at 7,657 led to the insider holds 5,000 shares of the business.

Farid Adrienne sold 1,073 shares of IPSC for $1,960 on Aug 05 ’24. The Chief Operations Officer now owns 136,163 shares after completing the transaction at $1.83 per share. On Aug 05 ’24, another insider, Carr Douglas, who serves as the SVP Finance & Operations of the company, sold 289 shares for $1.83 each. As a result, the insider received 528 and left with 334,041 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, IPSC now has a Market Capitalization of 129615408 and an Enterprise Value of -22270814. For the stock, the TTM Price-to-Sale (P/S) ratio is 57.73 while its Price-to-Book (P/B) ratio in mrq is 0.53. Its current Enterprise Value per Revenue stands at -10.912 whereas that against EBITDA is 0.194.

Stock Price History:

Over the past 52 weeks, IPSC has reached a high of $5.51, while it has fallen to a 52-week low of $1.28. The 50-Day Moving Average of the stock is -12.93%, while the 200-Day Moving Average is calculated to be -52.63%.

Shares Statistics:

Over the past 3-months, IPSC traded about 323.12K shares per day on average, while over the past 10 days, IPSC traded about 241490 shares per day. A total of 60.34M shares are outstanding, with a floating share count of 32.26M. Insiders hold about 61.92% of the company’s shares, while institutions hold 28.87% stake in the company. Shares short for IPSC as of 1728950400 were 3325333 with a Short Ratio of 10.29, compared to 1726185600 on 3277833. Therefore, it implies a Short% of Shares Outstanding of 3325333 and a Short% of Float of 4.81.

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