The stock of Acadia Pharmaceuticals Inc (NASDAQ: ACAD) has increased by 2.02 when compared to last closing price of 16.36. Despite this, the company has experienced a 5.97% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-08-28 that SAN DIEGO–(BUSINESS WIRE)–Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that it will participate at two upcoming investor conferences: Morgan Stanley 22nd Annual Global Healthcare Conference Fireside Chat: Wednesday, September 4, 2024 at 4:50 p.m. Eastern Time in New York, NY Baird 2024 Global Healthcare Conference Fireside Chat: Wednesday, September 11, 2024 at 9:40 a.m. Eastern Time in New York, NY Live webcasts of each fireside chat will be accessible on the company’s website,.
Is It Worth Investing in Acadia Pharmaceuticals Inc (NASDAQ: ACAD) Right Now?
Acadia Pharmaceuticals Inc (NASDAQ: ACAD) has a price-to-earnings ratio of 93.50x that is above its average ratio. Additionally, the 36-month beta value for ACAD is 0.39. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ACAD is 164.61M and currently, short sellers hold a 6.48% ratio of that float. The average trading volume of ACAD on September 05, 2024 was 1.80M shares.
ACAD’s Market Performance
ACAD stock saw a decrease of 5.97% in the past week, with a monthly decline of -9.34% and a quarterly a decrease of 8.03%. The volatility ratio for the week is 3.51%, and the volatility levels for the last 30 days are 3.53% for Acadia Pharmaceuticals Inc (ACAD). The simple moving average for the past 20 days is 4.97% for ACAD’s stock, with a -18.01% simple moving average for the past 200 days.
Analysts’ Opinion of ACAD
Many brokerage firms have already submitted their reports for ACAD stocks, with Morgan Stanley repeating the rating for ACAD by listing it as a “Equal-Weight.” The predicted price for ACAD in the upcoming period, according to Morgan Stanley is $20 based on the research report published on August 07, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see ACAD reach a price target of $31. The rating they have provided for ACAD stocks is “Outperform” according to the report published on June 27th, 2024.
Needham gave a rating of “Buy” to ACAD, setting the target price at $32 in the report published on March 12th of the current year.
ACAD Trading at -1.01% from the 50-Day Moving Average
After a stumble in the market that brought ACAD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.79% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.51%, as shares sank -11.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.10% upper at present.
During the last 5 trading sessions, ACAD rose by +5.97%, which changed the moving average for the period of 200-days by -26.05% in comparison to the 20-day moving average, which settled at $15.79. In addition, Acadia Pharmaceuticals Inc saw -46.69% 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 ACAD starting from Schneyer Mark C., who sale 9,733 shares at the price of $15.28 back on Aug 19 ’24. After this action, Schneyer Mark C. now owns 43,735 shares of Acadia Pharmaceuticals Inc, valued at $148,720 using the latest closing price.
Teehan Brendan, the EVP, COO, HEAD OF COMMERCIAL of Acadia Pharmaceuticals Inc, sale 9,534 shares at $15.28 during a trade that took place back on Aug 19 ’24, which means that Teehan Brendan is holding 52,177 shares at $145,680 based on the most recent closing price.
Stock Fundamentals for ACAD
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.92 for the gross margin
The net margin for Acadia Pharmaceuticals Inc stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 6.70, with 3.93 for asset returns.
Based on Acadia Pharmaceuticals Inc (ACAD), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 1.4.
Currently, EBITDA for the company is -67.83 million with net debt to EBITDA at -3.67. When we switch over and look at the enterprise to sales, we see a ratio of 2.97. The receivables turnover for the company is 8.07for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
In conclusion, Acadia Pharmaceuticals Inc (ACAD) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
