In today’s recent session, 0.62 million shares of the Fate Therapeutics Inc (NASDAQ:FATE) have been traded, and its beta is 1.84. Most recently the company’s share price was $2.96, and it changed around -$0.26 or -8.14% from the last close, which brings the market valuation of the company to $336.86M. FATE at last check was trading at a discount to its 52-week high of $8.83, offering almost -198.31% off that amount. The share price’s 52-week low was $1.63, which indicates that the recent value has risen by an impressive 44.93% since then. We note from Fate Therapeutics Inc’s average daily trading volume that its 10-day average is 0.94 million shares, with the 3-month average coming to 1.59 million.
Fate Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.65. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended FATE as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Fate Therapeutics Inc is expected to report earnings per share of -0.43 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Fate Therapeutics Inc (NASDAQ:FATE) trade information
Instantly FATE has been showing red trend so far today with a performance of -8.14% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.47 on recent trading dayincreased the stock’s daily price by 14.7%. The company’s shares are currently down -20.91% year-to-date, but still down -15.49% over the last five days. On the other hand, Fate Therapeutics Inc (NASDAQ:FATE) is -12.74% down in the 30-day period. We can see from the shorts that 15.04 million shares have been sold at a short interest cover period of 12.51 day(s).
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 60.53% from its current value. Analyst projections state that FATE is forecast to be at a low of $4 and a high of $145.
Fate Therapeutics Inc (FATE) estimates and forecasts
Fate Therapeutics Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -55.92 percent over the past six months and at a -5.49% annual growth rate that is well below the industry average of 17.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.50% in revenue this quarter, and will report an increase of 2.20% in the next quarter. The year-over-year growth rate is expected to be -82.80%, down from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 1.32M in revenue for the current quarter. 15 analysts expect Fate Therapeutics Inc to make 1.12M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.94M and 1.68M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -32.10%. Forecasts for the next quarter put sales growth at -33.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.65%.
FATE Dividends
Fate Therapeutics Inc’s next quarterly earnings report is expected to be released on 2024-Nov-06.
Fate Therapeutics Inc (NASDAQ:FATE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.17% of Fate Therapeutics Inc shares, and 108.52% of them are in the hands of institutional investors. The stock currently has a share float of 110.93%. Fate Therapeutics Inc stock is held by 243.0 institutions, with REDMILE GROUP, LLC being the largest institutional investor. By 2024-06-30, it held 13.0252% of the shares, which is about 13.17 million shares worth $43.19 million.
VANGUARD GROUP INC, with 10.4544% or 10.57 million shares worth $34.67 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Strategic Equity Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 2.96 shares worth $8.77 million, making up 2.60% of all outstanding shares. On the other hand, Vanguard Strategic Equity Fund held roughly 2.75 shares worth around $8.15 million, which represents about 2.42% of the total shares outstanding.
