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As of close of business last night, Fate Therapeutics Inc’s stock clocked out at $4.55, up 16.97% from its previous closing price of $3.89. In other words, the price has increased by $16.97 from its previous closing price. On the day, 7.65 million shares were traded. FATE stock price reached its highest trading level at $5.0 during the session, while it also had its lowest trading level at $3.92.
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 8.69 and its Current Ratio is at 8.69. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.22.
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 Mar 04 ’24 when Dulac Edward J III sold 2,447 shares for $7.77 per share. The transaction valued at 19,013 led to the insider holds 101,479 shares of the business.
Dulac Edward J III sold 1,849 shares of FATE for $9,245 on Jan 29 ’24. The Chief Financial Officer now owns 103,926 shares after completing the transaction at $5.00 per share. On Jan 09 ’24, another insider, Wolchko J Scott, who serves as the President and CEO of the company, sold 14,391 shares for $4.37 each. As a result, the insider received 62,889 and left with 371,248 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 517935616 and an Enterprise Value of 236464464. For the stock, the TTM Price-to-Sale (P/S) ratio is 79.93 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 36.503 whereas that against EBITDA is -1.305.
Stock Price History:
The Beta on a monthly basis for FATE is 1.92, which has changed by -0.010869563 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, FATE has reached a high of $8.83, while it has fallen to a 52-week low of $1.63. The 50-Day Moving Average of the stock is 24.23%, while the 200-Day Moving Average is calculated to be 8.13%.
Shares Statistics:
It appears that FATE traded 2.35M shares on average per day over the past three months and 2059640 shares per day over the past ten days. A total of 98.63M shares are outstanding, with a floating share count of 96.91M. Insiders hold about 14.87% of the company’s shares, while institutions hold 95.09% stake in the company. Shares short for FATE as of 1719532800 were 19870106 with a Short Ratio of 8.44, compared to 1717113600 on 22336468. Therefore, it implies a Short% of Shares Outstanding of 19870106 and a Short% of Float of 20.030001.
