Metric Deep Dive: Understanding Adicet Bio Inc (ACET) Through its Ratios

Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.

After finishing at $0.75 in the prior trading day, Adicet Bio Inc (NASDAQ: ACET) closed at $0.7, down -6.53%. In other words, the price has decreased by -$6.53 from its previous closing price. On the day, 1.01 million shares were traded. ACET stock price reached its highest trading level at $0.765 during the session, while it also had its lowest trading level at $0.6765.

Ratios:

Our goal is to gain a better understanding of ACET by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.34 and its Current Ratio is at 9.34. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.08.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACET now has a Market Capitalization of 58153120 and an Enterprise Value of -76040864.

Stock Price History:

The Beta on a monthly basis for ACET is 1.62, which has changed by -0.53443706 over the last 52 weeks, in comparison to a change of 0.15366066 over the same period for the S&P500. Over the past 52 weeks, ACET has reached a high of $1.70, while it has fallen to a 52-week low of $0.45. The 50-Day Moving Average of the stock is -2.33%, while the 200-Day Moving Average is calculated to be -20.07%.

Shares Statistics:

The stock has traded on average 496.80K shares per day over the past 3-months and 355760 shares per day over the last 10 days, according to various share statistics. A total of 82.71M shares are outstanding, with a floating share count of 65.35M. Insiders hold about 20.99% of the company’s shares, while institutions hold 49.11% stake in the company. Shares short for ACET as of 1752537600 were 3764018 with a Short Ratio of 7.58, compared to 1749772800 on 2891936. Therefore, it implies a Short% of Shares Outstanding of 3764018 and a Short% of Float of 6.0900003.