Fate Therapeutics Inc (NASDAQ:FATE) has a beta value of 1.95 and has seen 2.68 million shares traded in the last trading session. The company, currently valued at $198.14M, closed the last trade at $1.83 per share which meant it lost -$0.09 on the day or -4.94% during that session. The FATE stock price is -382.51% off its 52-week high price of $8.83 and -3.83% below the 52-week low of $1.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.32 million shares traded. The 3-month trading volume is 2.38 million shares.
The consensus among analysts is that Fate Therapeutics Inc (FATE) is Buy stock at the moment, with a recommendation rating of 2.53. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 8 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.43.
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Fate Therapeutics Inc (NASDAQ:FATE) trade information
Sporting -4.94% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FATE stock price touched $1.83 or saw a rise of 37.54%. Year-to-date, Fate Therapeutics Inc shares have moved -51.07%, while the 5-day performance has seen it change -30.94%. Over the past 30 days, the shares of Fate Therapeutics Inc (NASDAQ:FATE) have changed -15.67%. Short interest in the company has seen 11.35 million shares shorted with days to cover at 3.1.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 63.4% from current levels. The projected low price target is $5.0 while the price target rests at a high of $6.0. In that case, then, we find that the current price level is -227.87% off the targeted high while a plunge would see the stock gain -173.22% from current levels.
Fate Therapeutics Inc (FATE) estimates and forecasts
Figures show that Fate Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -49.31% over the past 6 months, with this year growth rate of -4.88%, compared to 16.90% for the industry. Revenue growth from the last financial year stood is estimated to be -78.52%.
13 analysts offering their estimates for the company have set an average revenue estimate of 1.57M for the current quarter. 10 have an estimated revenue figure of 1.2M for the next ending quarter. Year-ago sales stood 1.68M and 1.93M respectively for this quarter and the next, and analysts expect sales will shrink by -6.49% for the current quarter and -78.52% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -6.65% over the past 5 years.
FATE Dividends
Fate Therapeutics Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Fate Therapeutics Inc (NASDAQ:FATE)’s Major holders
Insiders own 2.17% of the company shares, while shares held by institutions stand at 102.63% with a share float percentage of 104.91%. Investors are also buoyed by the number of investors in a company, with Fate Therapeutics Inc having a total of 233.0 institutions that hold shares in the company. The top two institutional holders are REDMILE GROUP, LLC with over 13.17 million shares worth more than $43.19 million. As of 2024-06-30, REDMILE GROUP, LLC held 13.0252% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.57 million shares as of 2024-06-30. The firm’s total holdings are worth over $34.67 million and represent 10.4544% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.68% shares in the company for having 3.05 shares of worth $5.58 million while later fund manager owns 2.61 shares of worth $4.78 million as of Sep 30, 2024 , which makes it owner of about 2.29% of company’s outstanding stock.
