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The closing price of Fate Therapeutics Inc (NASDAQ: FATE) was $2.42 for the day, up 5.68% from the previous closing price of $2.29. In other words, the price has increased by $5.68 from its previous closing price. On the day, 3.87 million shares were traded. FATE stock price reached its highest trading level at $2.53 during the session, while it also had its lowest trading level at $2.35.
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 8.29 and its Current Ratio is at 8.29. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.25.
On June 17, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $4 to $6.
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 275623488 and an Enterprise Value of 62876024. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.67 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 4.676 whereas that against EBITDA is -0.382.
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 $1.96. The 50-Day Moving Average of the stock is -17.26%, while the 200-Day Moving Average is calculated to be -44.56%.
Shares Statistics:
FATE traded an average of 1.71M shares per day over the past three months and 4518950 shares per day over the past ten days. A total of 98.63M shares are outstanding, with a floating share count of 97.96M. Insiders hold about 13.99% of the company’s shares, while institutions hold 89.41% stake in the company. Shares short for FATE as of 1730332800 were 15902286 with a Short Ratio of 9.30, compared to 1727654400 on 14175946. Therefore, it implies a Short% of Shares Outstanding of 15902286 and a Short% of Float of 16.03.
