Adicet Bio Inc (NASDAQ: ACET)’s stock price has dropped by -4.55 in relation to previous closing price of 1.10. Nevertheless, the company has seen a loss of -21.64% in its stock price over the last five trading days. investorplace.com reported 2024-07-02 that One of the ways to make millions from the market is to identify and invest in early-stage companies. If the business takes off, multi-fold returns are in the offering.
Is It Worth Investing in Adicet Bio Inc (NASDAQ: ACET) Right Now?
The 36-month beta value for ACET is at 1.81. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ACET is 66.09M, and currently, shorts hold a 10.73% of that float. The average trading volume for ACET on July 03, 2024 was 1.18M shares.
ACET’s Market Performance
The stock of Adicet Bio Inc (ACET) has seen a -21.64% decrease in the past week, with a -27.08% drop in the past month, and a -53.54% fall in the past quarter. The volatility ratio for the week is 9.08%, and the volatility levels for the past 30 days are at 7.68% for ACET. The simple moving average for the past 20 days is -21.79% for ACET’s stock, with a -42.94% simple moving average for the past 200 days.
Analysts’ Opinion of ACET
JP Morgan gave a rating of “Neutral” to ACET, setting the target price at $6 in the report published on June 01st of the previous year.
ACET Trading at -29.57% from the 50-Day Moving Average
After a stumble in the market that brought ACET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.15% of loss for the given period.
Volatility was left at 7.68%, however, over the last 30 days, the volatility rate increased by 9.08%, as shares sank -22.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.25% lower at present.
During the last 5 trading sessions, ACET fell by -21.27%, which changed the moving average for the period of 200-days by -38.30% in comparison to the 20-day moving average, which settled at $1.3273. In addition, Adicet Bio Inc saw -44.44% 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 ACET starting from Kauffman Michael, who sale 5,900 shares at the price of $1.43 back on Jun 05 ’24. After this action, Kauffman Michael now owns 5,900 shares of Adicet Bio Inc, valued at $8,437 using the latest closing price.
ORBIMED ADVISORS LLC, the Director of Adicet Bio Inc, purchase 3,125,000 shares at $2.40 during a trade that took place back on Jan 25 ’24, which means that ORBIMED ADVISORS LLC is holding 7,526,359 shares at $7,500,000 based on the most recent closing price.
Stock Fundamentals for ACET
Current profitability levels for the company are sitting at:
- -11.6 for the present operating margin
- 0.38 for the gross margin
The net margin for Adicet Bio Inc stands at -10.84. The total capital return value is set at -0.54. Equity return is now at value -53.25, with -46.75 for asset returns.
Based on Adicet Bio Inc (ACET), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -4.62. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 3561.64.
Currently, EBITDA for the company is -126.48 million with net debt to EBITDA at 1.92. When we switch over and look at the enterprise to sales, we see a ratio of -10.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.34.
Conclusion
In conclusion, Adicet Bio Inc (ACET) 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.
