In last trading session, Fate Therapeutics Inc (NASDAQ:FATE) saw 2.34 million shares changing hands with its beta currently measuring 2.31. Company’s recent per share price level of $0.94 trading at -$0.07 or -6.58% at ring of the bell on the day assigns it a market valuation of $108.12M. That closing price of FATE’s stock is at a discount of -748.94% from its 52-week high price of $7.98 and is indicating a premium of 7.45% from its 52-week low price of $0.87. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.25 million shares which gives us an average trading volume of 2.74 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 2.50. 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 -0.39 in the current quarter.
Fate Therapeutics Inc (NASDAQ:FATE) trade information
Upright in the red during last session for losing -6.58%, in the last five days FATE remained trading in the red while hitting it’s week-highest on Friday, 03/07/25 when the stock touched $0.94 price level, adding 10.9% to its value on the day. Fate Therapeutics Inc’s shares saw a change of -42.82% in year-to-date performance and have moved -9.28% in past 5-day. Fate Therapeutics Inc (NASDAQ:FATE) showed a performance of -22.02% in past 30-days. Number of shares sold short was 13.33 million shares which calculate 5.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 76.5% to its current value. Analysts have been projecting 3 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 -219.15% in reaching the projected high whereas dropping to the targeted low would mean a loss of -219.15% for stock’s current value.
Fate Therapeutics Inc (FATE) estimates and forecasts
This year revenue growth is estimated to fall -72.04% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 973.33k for the same. And 9 analysts are in estimates of company making revenue of 970k in the next quarter. Company posted 1.93M and 6.77M 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 -2.63% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 3.21% while estimates for its earnings growth in next 5 years are of 7.32%.
Fate Therapeutics Inc (NASDAQ:FATE)’s Major holders
Insiders are in possession of 2.27% of company’s total shares while institution are holding 89.80 percent of that, with stock having share float percentage of 91.89%. Investors also watch the number of corporate investors in a company very closely, which is 89.80% 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 11.2107 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.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 3.05 shares of worth $2.88 million or 2.66% of the total outstanding shares. The later fund manager was in possession of 2.71 shares on Dec 31, 2024 , making its stake of worth around $2.56 million in the company or a holder of 2.36% of company’s stock.
