In the last trading session, 1.13 million shares of the Fate Therapeutics Inc (NASDAQ:FATE) were traded, and its beta was 1.84. Most recently the company’s share price was $2.72, and it changed around -$0.15 or -5.23% from the last close, which brings the market valuation of the company to $309.75M. FATE currently trades at a discount to its 52-week high of $8.83, offering almost -224.63% off that amount. The share price’s 52-week low was $1.63, which indicates that the current value has risen by an impressive 40.07% since then. We note from Fate Therapeutics Inc’s average daily trading volume that its 10-day average is 1.28 million shares, with the 3-month average coming to 1.34 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.
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Fate Therapeutics Inc (NASDAQ:FATE) trade information
Instantly FATE has showed a red trend with a performance of -5.23% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.21 on recent trading dayincreased the stock’s daily price by 15.26%. The company’s shares are currently down -27.27% year-to-date, but still down -14.73% over the last five days. On the other hand, Fate Therapeutics Inc (NASDAQ:FATE) is -22.29% down in the 30-day period. We can see from the shorts that 16.06 million shares have been sold at a short interest cover period of 14.27 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 63.73% 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 -31.14 percent over the past six months and at a -5.49% annual growth rate that is well below the industry average of 17.50%.
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 105.57% of them are in the hands of institutional investors. The stock currently has a share float of 107.91%. Fate Therapeutics Inc stock is held by 241.0 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.
