Arcellx Inc (NASDAQ: ACLX) has seen a rise in its stock price by 6.06 in relation to its previous close of 80.55. However, the company has experienced a 14.26% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-10 that Arcellx leverages proprietary platforms like D-Domain, ddCAR, and ARC-SparX to enhance immune response, targeting multiple myeloma, AML, MDS, and solid tumors. ACLX’s lead therapy, anito-cel, shows strong clinical results in relapsed/refractory multiple myeloma, even for high-risk patients. Arcellx’s strategic partnership with Kite Pharma validates its technology, potentially leading to milestone payments of up to $935 million.
Is It Worth Investing in Arcellx Inc (NASDAQ: ACLX) Right Now?
Company’s 36-month beta value is 0.21.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 6 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ACLX is 40.36M, and currently, short sellers hold a 12.54% ratio of that floaft. The average trading volume of ACLX on September 20, 2024 was 449.49K shares.
ACLX’s Market Performance
The stock of Arcellx Inc (ACLX) has seen a 14.26% increase in the past week, with a 29.66% rise in the past month, and a 56.49% gain in the past quarter. The volatility ratio for the week is 4.21%, and the volatility levels for the past 30 days are at 4.65% for ACLX. The simple moving average for the past 20 days is 19.10% for ACLX’s stock, with a 42.96% simple moving average for the past 200 days.
Analysts’ Opinion of ACLX
Piper Sandler, on the other hand, stated in their research note that they expect to see ACLX reach a price target of $70. The rating they have provided for ACLX stocks is “Overweight” according to the report published on May 31st, 2024.
Morgan Stanley gave a rating of “Overweight” to ACLX, setting the target price at $81 in the report published on March 07th of the current year.
ACLX Trading at 31.20% from the 50-Day Moving Average
After a stumble in the market that brought ACLX to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.96% of gains for the given period.
Volatility was left at 4.65%, however, over the last 30 days, the volatility rate increased by 4.21%, as shares surge +28.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.96% upper at present.
During the last 5 trading sessions, ACLX rose by +14.26%, which changed the moving average for the period of 200-days by +55.38% in comparison to the 20-day moving average, which settled at $72.67. In addition, Arcellx Inc saw 53.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACLX starting from Gilson Michelle, who sale 15,000 shares at the price of $77.73 back on Sep 17 ’24. After this action, Gilson Michelle now owns 6,915 shares of Arcellx Inc, valued at $1,165,880 using the latest closing price.
MICHELLE GILSON, the Officer of Arcellx Inc, proposed sale 15,000 shares at $77.01 during a trade that took place back on Sep 17 ’24, which means that MICHELLE GILSON is holding shares at $1,155,150 based on the most recent closing price.
Stock Fundamentals for ACLX
Current profitability levels for the company are sitting at:
- -0.56 for the present operating margin
- 0.98 for the gross margin
The net margin for Arcellx Inc stands at -0.37. The total capital return value is set at -0.12. Equity return is now at value -13.80, with -7.94 for asset returns.
Based on Arcellx Inc (ACLX), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -0.27. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is -87.02.
Currently, EBITDA for the company is -87.84 million with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 31.55. The receivables turnover for the company is 45.23for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.01.
Conclusion
In a nutshell, Arcellx Inc (ACLX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
