, and the 36-month beta value for ACRS is at 0.34.
The public float for ACRS is 58.58M, and currently, shorts hold a 11.23% of that float. The average trading volume for ACRS on November 20, 2023 was 3.19M shares.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
ACRS) stock’s latest price update
Aclaris Therapeutics Inc (NASDAQ: ACRS)’s stock price has plunge by 7.81relation to previous closing price of 0.89. Nevertheless, the company has seen a -79.93% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-16 that Aclaris (ACRS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
ACRS’s Market Performance
Aclaris Therapeutics Inc (ACRS) has experienced a -79.93% fall in stock performance for the past week, with a -82.06% drop in the past month, and a -87.00% drop in the past quarter. The volatility ratio for the week is 18.78%, and the volatility levels for the past 30 days are at 10.34% for ACRS. The simple moving average for the last 20 days is -77.01% for ACRS stock, with a simple moving average of -88.77% for the last 200 days.
ACRS Trading at -82.90% from the 50-Day Moving Average
After a stumble in the market that brought ACRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.95% of loss for the given period.
Volatility was left at 10.34%, however, over the last 30 days, the volatility rate increased by 18.78%, as shares sank -81.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -87.75% lower at present.
During the last 5 trading sessions, ACRS fell by -79.93%, which changed the moving average for the period of 200-days by -93.34% in comparison to the 20-day moving average, which settled at $3.9346. In addition, Aclaris Therapeutics Inc saw -93.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACRS starting from Monahan Joseph, who sale 6,000 shares at the price of $5.08 back on Oct 23. After this action, Monahan Joseph now owns 129,724 shares of Aclaris Therapeutics Inc, valued at $30,460 using the latest closing price.
Balthaser Kevin, the Chief Financial Officer of Aclaris Therapeutics Inc, purchase 9,490 shares at $7.90 during a trade that took place back on Sep 06, which means that Balthaser Kevin is holding 15,461 shares at $74,971 based on the most recent closing price.
Stock Fundamentals for ACRS
Current profitability levels for the company are sitting at:
- -286.21 for the present operating margin
- +59.80 for the gross margin
The net margin for Aclaris Therapeutics Inc stands at -292.11. The total capital return value is set at -42.57, while invested capital returns managed to touch -43.59. Equity return is now at value -60.94, with -47.17 for asset returns.
Based on Aclaris Therapeutics Inc (ACRS), the company’s capital structure generated 1.14 points at debt to equity in total, while total debt to capital is 1.13. Total debt to assets is 0.87, with long-term debt to equity ratio resting at 0.79. Finally, the long-term debt to capital ratio is 0.79.
When we switch over and look at the enterprise to sales, we see a ratio of -6.89, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 53.75 and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.55.
Conclusion
In conclusion, Aclaris Therapeutics Inc (ACRS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.