In the latest trading session, 0.73 million Aclaris Therapeutics Inc (NASDAQ:ACRS) shares changed hands as the company’s beta touched 0.52. With the company’s most recent per share price at $3.00 changing hands around $0.28 or 10.14% at last look, the market valuation stands at $210.12M. ACRS’s current price is a discount, trading about -72.33% off its 52-week high of $5.17. The share price had its 52-week low at $0.86, which suggests the last value was 71.33% up since then. When we look at Aclaris Therapeutics Inc’s average trading volume, we note the 10-day average is 0.99 million shares, with the 3-month average coming to 2.33 million.
Analysts gave the Aclaris Therapeutics Inc (ACRS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.29. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ACRS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Aclaris Therapeutics Inc’s EPS for the current quarter is expected to be -0.33.
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Aclaris Therapeutics Inc (NASDAQ:ACRS) trade information
Instantly ACRS is in green as seen in intraday trades today. With action -0.80%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 185.30%, with the 5-day performance at -0.80% in the red. However, in the 30-day time frame, Aclaris Therapeutics Inc (NASDAQ:ACRS) is -30.66% down. Looking at the short shares, we see there were 2.48 million shares sold at short interest cover period of 0.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 57.14% from its recent market value. According to analyst projections, ACRS’s forecast low is 3 with 8 as the target high. To hit the forecast high, the stock’s price needs a -166.67% plunge from its current level, while the stock would need to tank 0.0% for it to hit the projected low.
Aclaris Therapeutics Inc (ACRS) estimates and forecasts
Data shows that the Aclaris Therapeutics Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 132.22% over the past 6 months, a 46.45% in annual growth rate that is considerably higher than the industry average of 16.40%. Year-over-year growth is forecast to reach -47.81% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 6.23M. 4 analysts are of the opinion that Aclaris Therapeutics Inc’s revenue for the current quarter will be 2.71M. The company’s revenue for the corresponding quarters a year ago was 17.57M and 2.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -64.55%. The estimates for the next quarter sales put growth at 13.06%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 20.67%. The 2024 estimates are for Aclaris Therapeutics Inc earnings to increase by 35.83%.
ACRS Dividends
Aclaris Therapeutics Inc is expected to release its next quarterly earnings report in January.
Aclaris Therapeutics Inc (NASDAQ:ACRS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.65% of Aclaris Therapeutics Inc shares while 90.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.63%. There are 90.21% institutions holding the Aclaris Therapeutics Inc stock share, with BML CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 18.2739% of the shares, roughly 12.99 million ACRS shares worth $14.29 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.5952% or 4.69 million shares worth $5.16 million as of 2024-06-30.
