In last trading session, Arcus Biosciences Inc. (NYSE:RCUS) saw 1.17 million shares changing hands with its beta currently measuring 0.81. Company’s recent per share price level of $20.57 trading at $0.32 or 1.58% at ring of the bell on the day assigns it a market valuation of $1.53B. That closing price of RCUS’s stock is at a discount of -75.64% from its 52-week high price of $36.13 and is indicating a premium of 23.68% from its 52-week low price of $15.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.67 million shares which gives us an average trading volume of 930.79K if we extend that period to 3-months.
For Arcus Biosciences Inc. (RCUS), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$1.14 in the current quarter.
Arcus Biosciences Inc. (NYSE:RCUS) trade information
Upright in the green during last session for gaining 1.58%, in the last five days RCUS remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $20.57 price level, adding 5.56% to its value on the day. Arcus Biosciences Inc.’s shares saw a change of -0.53% in year-to-date performance and have moved -3.79% in past 5-day. Arcus Biosciences Inc. (NYSE:RCUS) showed a performance of 16.21% in past 30-days. Number of shares sold short was 7.16 million shares which calculate 10.61 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $43.55 to the stock, which implies a rise of 52.77% to its current value. Analysts have been projecting $23.00 as a low price target for the stock while placing it at a high target of $70.00. It follows that stock’s current price would drop -240.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.81% for stock’s current value.
Arcus Biosciences Inc. (RCUS) estimates and forecasts
Statistics highlight that Arcus Biosciences Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 21.29% of value to its shares in past 6 months, showing an annual growth rate of -16.71% while that of industry is 12.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -26.70% in the current quarter and calculating -22.60% decrease in the next quarter. This year revenue growth is estimated to fall -1.10% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $27.28 million for the same. And 8 analysts are in estimates of company making revenue of $25.36 million in the next quarter that will end on Dec 2023. Company posted $21.89 million and $34 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 24.60% while estimating it to be -25.40% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -23.80% during past 5 years.
Arcus Biosciences Inc. is more likely to be releasing its next quarterly report between October 31 and November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Arcus Biosciences Inc. (NYSE:RCUS)’s Major holders
Insiders are in possession of 29.97% of company’s total shares while institution are holding 77.64 percent of that, with stock having share float percentage of 110.87%. Investors also watch the number of corporate investors in a company very closely, which is 77.64% institutions for Arcus Biosciences Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at RCUS for having 9.47 million shares of worth $192.38 million. And as of Jun 29, 2023, it was holding 12.71% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 4.56 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.12% of outstanding shares, having a total worth of $92.57 million.
On the other hand, iShares Core S&P Smallcap ETF and Fidelity Select Portfolios – Biotechnology are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 3.7 million shares of worth $75.95 million or 4.97% of the total outstanding shares. The later fund manager was in possession of 3.19 million shares on Jul 30, 2023, making its stake of worth around $63.55 million in the company or a holder of 4.29% of company’s stock.