In last trading session, Adicet Bio Inc (NASDAQ:ACET) saw 0.62 million shares changing hands with its beta currently measuring 1.89. Company’s recent per share price level of $1.15 trading at $0.04 or 3.60% at ring of the bell on the day assigns it a market valuation of $94.77M. That closing price of ACET’s stock is at a discount of -227.83% from its 52-week high price of $3.77 and is indicating a premium of 22.61% from its 52-week low price of $0.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.09 million shares which gives us an average trading volume of 544.60K if we extend that period to 3-months.
For Adicet Bio Inc (ACET), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.35 in the current quarter.
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Adicet Bio Inc (NASDAQ:ACET) trade information
Upright in the green during last session for gaining 3.60%, in the last five days ACET remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $1.15 price level, adding 0.86% to its value on the day. Adicet Bio Inc’s shares saw a change of -39.15% in year-to-date performance and have moved 25.82% in past 5-day. Adicet Bio Inc (NASDAQ:ACET) showed a performance of -15.44% in past 30-days. Number of shares sold short was 3.43 million shares which calculate 7.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 32.5 to the stock, which implies a rise of 96.46% to its current value. Analysts have been projecting 27 as a low price target for the stock while placing it at a high target of 38. It follows that stock’s current price would drop -2247.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2247.83% for stock’s current value.
Adicet Bio Inc (ACET) estimates and forecasts
Statistics highlight that Adicet Bio Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -20.69% of value to its shares in past 6 months, showing an annual growth rate of 51.40% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
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 19.75% during past 5 years.
Adicet Bio Inc (NASDAQ:ACET)’s Major holders
Insiders are in possession of 1.59% of company’s total shares while institution are holding 76.44 percent of that, with stock having share float percentage of 77.67%. Investors also watch the number of corporate investors in a company very closely, which is 76.44% institutions for Adicet Bio Inc that are currently holding shares of the company. ORBIMED ADVISORS LLC is the top institutional holder at ACET for having 11.45 million shares of worth $13.85 million. And as of 2024-06-30, it was holding 14.4769 of the company’s outstanding shares.
The second largest institutional holder is TANG CAPITAL MANAGEMENT LLC, which was holding about 8.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.3918 of outstanding shares, having a total worth of $9.94 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.89 shares of worth $2.14 million or 2.30% of the total outstanding shares. The later fund manager was in possession of 1.08 shares on Jun 30, 2024 , making its stake of worth around $1.22 million in the company or a holder of 1.31% of company’s stock.
