Acadia Pharmaceuticals Inc (NASDAQ: ACAD) has experienced a rise in its stock price by 0.87 compared to its previous closing price of 14.91. However, the company has seen a gain of 3.08% in its stock price over the last five trading days. businesswire.com reported 2024-10-16 that SAN DIEGO–(BUSINESS WIRE)–Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that Health Canada has granted marketing authorization of DAYBUE™ (trofinetide) for the treatment of Rett syndrome in adult and pediatric patients two years of age and older under the Priority Review process. The Notice of Compliance authorization of DAYBUE makes it the first and only drug approved in Canada for the treatment of Rett syndrome. Rett syndrome is a rare, complex, neurodevelopmental disorder affe.
Is It Worth Investing in Acadia Pharmaceuticals Inc (NASDAQ: ACAD) Right Now?
The price-to-earnings ratio for Acadia Pharmaceuticals Inc (NASDAQ: ACAD) is 84.26x, which is above its average ratio. Moreover, the 36-month beta value for ACAD is 0.37. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ACAD is 164.62M and currently, short sellers hold a 4.85% of that float. On October 17, 2024, ACAD’s average trading volume was 1.66M shares.
ACAD’s Market Performance
ACAD’s stock has seen a 3.08% increase for the week, with a -7.50% drop in the past month and a -16.44% fall in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.82% for Acadia Pharmaceuticals Inc The simple moving average for the last 20 days is -1.50% for ACAD’s stock, with a simple moving average of -20.30% for the last 200 days.
Analysts’ Opinion of ACAD
Morgan Stanley, on the other hand, stated in their research note that they expect to see ACAD reach a price target of $20, previously predicting the price at $28. The rating they have provided for ACAD stocks is “Equal-Weight” according to the report published on August 07th, 2024.
BMO Capital Markets gave a rating of “Outperform” to ACAD, setting the target price at $31 in the report published on June 27th of the current year.
ACAD Trading at -3.82% 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 -53.85% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -7.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.21% lower at present.
During the last 5 trading sessions, ACAD rose by +3.08%, which changed the moving average for the period of 200-days by -51.96% in comparison to the 20-day moving average, which settled at $15.27. In addition, Acadia Pharmaceuticals Inc saw -51.96% 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 2.67. 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
To wrap up, the performance of Acadia Pharmaceuticals Inc (ACAD) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
