In last trading session, Fate Therapeutics Inc (NASDAQ:FATE) saw 3.8 million shares changing hands with its beta currently measuring 2.02. Company’s recent per share price level of $1.66 trading at -$0.02 or -1.48% at ring of the bell on the day assigns it a market valuation of $189.06M. That closing price of FATE’s stock is at a discount of -431.93% from its 52-week high price of $8.83 and is indicating a premium of 1.2% from its 52-week low price of $1.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.55 million shares which gives us an average trading volume of 2.55 million if we extend that period to 3-months.
For Fate Therapeutics Inc (FATE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.53. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.43 in the current quarter.
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Fate Therapeutics Inc (NASDAQ:FATE) trade information
Upright in the red during last session for losing -1.48%, in the last five days FATE remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $1.66 price level, adding 19.61% to its value on the day. Fate Therapeutics Inc’s shares saw a change of -55.61% in year-to-date performance and have moved -13.77% in past 5-day. Fate Therapeutics Inc (NASDAQ:FATE) showed a performance of -23.85% in past 30-days. Number of shares sold short was 11.35 million shares which calculate 3.1 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 66.8% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -201.2% in reaching the projected high whereas dropping to the targeted low would mean a loss of -201.2% for stock’s current value.
Fate Therapeutics Inc (FATE) estimates and forecasts
Statistics highlight that Fate Therapeutics Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -55.85% of value to its shares in past 6 months, showing an annual growth rate of -4.88% while that of industry is 17.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -78.52% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.57M for the same. And 10 analysts are in estimates of company making revenue of 1.2M in the next quarter. Company posted 1.68M and 1.93M of sales in current and next quarters respectively a year earlier.
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 -6.65% during past 5 years.
Fate Therapeutics Inc (NASDAQ:FATE)’s Major holders
Insiders are in possession of 2.17% of company’s total shares while institution are holding 102.85 percent of that, with stock having share float percentage of 105.13%. Investors also watch the number of corporate investors in a company very closely, which is 102.85% institutions for Fate Therapeutics Inc that are currently holding shares of the company. REDMILE GROUP, LLC is the top institutional holder at FATE for having 13.17 million shares of worth $43.19 million. And as of 2024-06-30, it was holding 13.0252 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 10.57 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.4544 of outstanding shares, having a total worth of $34.67 million.
