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After finishing at $1.28 in the prior trading day, Adicet Bio Inc (NASDAQ: ACET) closed at $1.31, up 2.34%. In other words, the price has increased by $2.34 from its previous closing price. On the day, 1.19 million shares were traded. ACET stock price reached its highest trading level at $1.35 during the session, while it also had its lowest trading level at $1.25.
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 14.34 and its Current Ratio is at 14.34. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.06.
JP Morgan Downgraded its Overweight to Neutral on June 01, 2023, whereas the target price for the stock was revised from $20 to $6.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 05 ’24 when Kauffman Michael sold 5,900 shares for $1.43 per share. The transaction valued at 8,437 led to the insider holds 5,900 shares of the business.
ORBIMED ADVISORS LLC bought 3,125,000 shares of ACET for $7,500,000 on Jan 25 ’24. The Director now owns 7,526,359 shares after completing the transaction at $2.40 per share. On Jan 25 ’24, another insider, GORDON CARL L, who serves as the Director of the company, bought 3,125,000 shares for $2.40 each. As a result, the insider paid 7,500,000 and bolstered with 7,526,359 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, ACET now has a Market Capitalization of 107647288 and an Enterprise Value of -119905712.
Stock Price History:
Over the past 52 weeks, ACET has reached a high of $3.77, while it has fallen to a 52-week low of $1.05. The 50-Day Moving Average of the stock is -6.24%, while the 200-Day Moving Average is calculated to be -28.20%.
Shares Statistics:
The stock has traded on average 1.32M shares per day over the past 3-months and 1348400 shares per day over the last 10 days, according to various share statistics. A total of 82.17M shares are outstanding, with a floating share count of 66.09M. Insiders hold about 19.57% of the company’s shares, while institutions hold 75.36% stake in the company. Shares short for ACET as of 1719532800 were 6424649 with a Short Ratio of 4.88, compared to 1717113600 on 6814892. Therefore, it implies a Short% of Shares Outstanding of 6424649 and a Short% of Float of 9.26.
