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As of close of business last night, Fate Therapeutics Inc’s stock clocked out at $2.43, up 2.53% from its previous closing price of $2.37. In other words, the price has increased by $2.53 from its previous closing price. On the day, 1.81 million shares were traded. FATE stock price reached its highest trading level at $2.4806 during the session, while it also had its lowest trading level at $2.32.
Ratios:
To gain a deeper understanding of FATE’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 276723552 and an Enterprise Value of 72409256. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.03 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 5.879 whereas that against EBITDA is -0.443.
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 $1.77. The 50-Day Moving Average of the stock is -27.33%, while the 200-Day Moving Average is calculated to be -47.39%.
Shares Statistics:
It appears that FATE traded 1.31M shares on average per day over the past three months and 1481090 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 16.69% of the company’s shares, while institutions hold 93.13% stake in the company. Shares short for FATE as of 1728950400 were 16063774 with a Short Ratio of 12.24, compared to 1726185600 on 15041690. Therefore, it implies a Short% of Shares Outstanding of 16063774 and a Short% of Float of 16.189999999999998.
