During the last session, Arcellx Inc (NASDAQ:ACLX)’s traded shares were 0.83 million, with the beta value of the company hitting 0.41. At the end of the trading day, the stock’s price was $62.02, reflecting an intraday gain of 2.19% or $1.33. The 52-week high for the ACLX share is $107.37, that puts it down -73.12 from that peak though still a striking 22.8% gain since the share price plummeted to a 52-week low of $47.88. The company’s market capitalization is $3.41B, and the average intraday trading volume over the past 10 days was 0.89 million shares, and the average trade volume was 676.39K shares over the past three months.
Arcellx Inc (ACLX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.12. ACLX has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 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 -0.74.
Arcellx Inc (NASDAQ:ACLX) trade information
Arcellx Inc (ACLX) registered a 2.19% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.19% in intraday trading to $62.02, hitting a weekly high. The stock’s 5-day price performance is 9.46%, and it has moved by -13.08% in 30 days. Based on these gigs, the overall price performance for the year is 12.31%. The short interest in Arcellx Inc (NASDAQ:ACLX) is 6.95 million shares and it means that shorts have 10.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $110.5, which implies an increase of 43.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $95 and $120 respectively. As a result, ACLX is trading at a discount of -93.49% off the target high and -53.18% off the low.
Arcellx Inc (ACLX) estimates and forecasts
In the rating firms’ projections, revenue will decrease -17.37% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 19.51M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 19.47M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 39.26M and 27.38M respectively. In this case, analysts expect current quarter sales to shrink by -50.30% and then drop by -28.89% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -31.14%. While earnings are projected to return -49.87% in 2025, the next five years will return -9.56% per annum.
ACLX Dividends
Arcellx Inc is due to release its next quarterly earnings on 2025-Feb-26. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arcellx Inc (NASDAQ:ACLX)’s Major holders
Arcellx Inc insiders own 2.32% of total outstanding shares while institutional holders control 109.47%, with the float percentage being 112.07%. FMR LLC is the largest shareholder of the company, while 297.0 institutions own stock in it. As of 2024-06-30, the company held over 6.49 million shares (or 12.122% of all shares), a total value of $358.04 million in shares.
The next largest institutional holding, with 3.89 million shares, is of PERCEPTIVE ADVISORS LLC’s that is approximately 7.2682% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $214.67 million.
Also, the Mutual Funds coming in first place with the largest holdings of Arcellx Inc (ACLX) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 1.36 shares. This amounts to just over 2.47 percent of the company’s overall shares, with a $84.28 million market value. The same data shows that the other fund manager holds slightly less at 1.15, or about 2.09% of the stock, which is worth about $71.34 million.
