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Is Acer Therapeutics Inc. (NASDAQ:ACER) Worth A Patient Look At Current Prices?

Acer Therapeutics Inc. (NASDAQ:ACER)’s traded shares stood at 1.79 million during the latest session, with the company’s beta value hitting 0.67. At the last check today, the stock’s price was $0.93, to imply a decrease of -39.94% or -$0.62 in intraday trading. The ACER share’s 52-week high remains $4.56, putting it -390.32% down since that peak but still an impressive -19.35% since price per share fell to its 52-week low of $1.11. The company has a valuation of $25.81M, with an average of 99170.0 shares in intraday trading volume over the past 10 days and average of 437.16K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Acer Therapeutics Inc. (ACER), translating to a mean rating of 2.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give ACER a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.37.

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Acer Therapeutics Inc. (NASDAQ:ACER) trade information

After registering a -39.94% downside in the latest session, Acer Therapeutics Inc. (ACER) has traded red over the past five days. The stock hit a weekly high of 1.8300 this Thursday, 03/16/23, dropping -39.94% in its intraday price action. The 5-day price performance for the stock is -44.25%, and -55.45% over 30 days. With these gigs, the year-to-date price performance is -62.91%. Short interest in Acer Therapeutics Inc. (NASDAQ:ACER) saw shorts transact 0.5 million shares and set a 0.85 days time to cover.

Analysts on Wall Street suggest a consensus price target of $9.67, implying an increase of 90.38% to the stock’s recent value. The extremes give us $7.00 and $12.00 for target low and target high price respectively. As such, ACER has been trading -1190.32% off suggested target high and -652.69% from its likely low.

Acer Therapeutics Inc. (ACER) estimates and forecasts

Looking at statistics comparing Acer Therapeutics Inc. share performance against respective industry, we note that the company has underperformed competitors. Acer Therapeutics Inc. (ACER) shares are -37.52% down over the last 6 months, with its year-to-date growth rate lower than industry average at -38.89% against 10.80%.

ACER Dividends

Acer Therapeutics Inc. has its next earnings report out between May 15 and May 19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Acer Therapeutics Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Acer Therapeutics Inc. (NASDAQ:ACER)’s Major holders

Acer Therapeutics Inc. insiders hold 18.39% of total outstanding shares, with institutional holders owning 25.71% of the shares at 31.50% float percentage. In total, 25.71% institutions holds shares in the company, led by Nantahala Capital Management, LLC. As of Sep 29, 2022, the company held over 0.7 million shares (or 4.37% of shares), all amounting to roughly $0.97 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 0.28 million shares, or about 1.75% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $0.39 million.

We also have Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Acer Therapeutics Inc. (ACER) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 0.28 million shares. This is just over 1.75% of the total shares, with a market valuation of $0.39 million. Data from the same date shows that the other fund manager holds a little less at 57869.0, or 0.36% of the shares, all valued at about 73493.0.

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