During the last session, Adicet Bio Inc (NASDAQ:ACET)’s traded shares were 0.7 million, with the beta value of the company hitting 1.87. At the end of the trading day, the stock’s price was $0.96, reflecting an intraday loss of -0.99% or -$0.01. The 52-week high for the ACET share is $3.77, that puts it down -292.71 from that peak though still a striking 7.29% gain since the share price plummeted to a 52-week low of $0.89. The company’s market capitalization is $79.50M, and the average intraday trading volume over the past 10 days was 0.61 million shares, and the average trade volume was 565.15K shares over the past three months.
Adicet Bio Inc (ACET) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. ACET has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.35.
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Adicet Bio Inc (NASDAQ:ACET) trade information
Adicet Bio Inc (ACET) registered a -0.99% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.99% in intraday trading to $0.96, hitting a weekly high. The stock’s 5-day price performance is -8.11%, and it has moved by -15.37% in 30 days. Based on these gigs, the overall price performance for the year is -36.53%. The short interest in Adicet Bio Inc (NASDAQ:ACET) is 3.43 million shares and it means that shorts have 7.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $32.5, which implies an increase of 97.05% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $27 and $38 respectively. As a result, ACET is trading at a discount of -3858.33% off the target high and -2712.5% off the low.
Adicet Bio Inc (ACET) estimates and forecasts
Statistics show that Adicet Bio Inc has outperformed its competitors in share price, compared to the industry in which it operates. Adicet Bio Inc (ACET) shares have gone down -28.53% during the last six months, with a year-to-date growth rate more than the industry average at 51.40% against 17.10.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.75%. While earnings are projected to return 53.78% in 2024.
ACET Dividends
Adicet Bio Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Adicet Bio Inc (NASDAQ:ACET)’s Major holders
Adicet Bio Inc insiders own 1.59% of total outstanding shares while institutional holders control 76.44%, with the float percentage being 77.67%. ORBIMED ADVISORS LLC is the largest shareholder of the company, while 107.0 institutions own stock in it. As of 2024-06-30, the company held over 11.45 million shares (or 14.4769% of all shares), a total value of $13.85 million in shares.
The next largest institutional holding, with 8.22 million shares, is of TANG CAPITAL MANAGEMENT LLC’s that is approximately 10.3918% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.94 million.
