Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Arcellx Inc (NASDAQ: ACLX) closed at $83.51 in the last session, up 0.91% from day before closing price of $82.76. In other words, the price has increased by $0.91 from its previous closing price. On the day, 0.51 million shares were traded. ACLX stock price reached its highest trading level at $86.39 during the session, while it also had its lowest trading level at $81.66.
Ratios:
We take a closer look at ACLX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.01 and its Current Ratio is at 6.01. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.10.
On May 31, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $70.
On March 07, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $81.Morgan Stanley initiated its Overweight rating on March 07, 2024, with a $81 target price.
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 Sep 17 ’24 when Gilson Michelle sold 15,000 shares for $77.73 per share. The transaction valued at 1,165,880 led to the insider holds 6,915 shares of the business.
MICHELLE GILSON bought 15,000 shares of ACLX for $1,155,150 on Sep 17 ’24. On Sep 10 ’24, another insider, Patel Kavita, who serves as the Director of the company, sold 1,500 shares for $74.41 each. As a result, the insider received 111,615 and left with 0 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, ACLX now has a Market Capitalization of 4489138688 and an Enterprise Value of 4046739712. For the stock, the TTM Price-to-Sale (P/S) ratio is 31.02 while its Price-to-Book (P/B) ratio in mrq is 9.19. Its current Enterprise Value per Revenue stands at 27.958 whereas that against EBITDA is -52.262.
Stock Price History:
Over the past 52 weeks, ACLX has reached a high of $88.66, while it has fallen to a 52-week low of $30.88. The 50-Day Moving Average of the stock is 22.32%, while the 200-Day Moving Average is calculated to be 37.37%.
Shares Statistics:
According to the various share statistics, ACLX traded on average about 464.58K shares per day over the past 3-months and 578560 shares per day over the past 10 days. A total of 52.28M shares are outstanding, with a floating share count of 40.36M. Insiders hold about 24.92% of the company’s shares, while institutions hold 81.60% stake in the company. Shares short for ACLX as of 1726185600 were 4752245 with a Short Ratio of 10.23, compared to 1723680000 on 5026797. Therefore, it implies a Short% of Shares Outstanding of 4752245 and a Short% of Float of 10.13.