Moreover, the 36-month beta value for FATE is 1.86. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FATE is 98.13M and currently, short sellers hold a 16.21% of that float. On November 14, 2024, FATE’s average trading volume was 1.25M shares.
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FATE) stock’s latest price update
Fate Therapeutics Inc (NASDAQ: FATE)’s stock price has plunge by -8.82relation to previous closing price of 2.38. Nevertheless, the company has seen a -22.22% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-13 that FATE reports a narrower-than-expected loss on higher revenues for the third quarter of 2024. The company’s innovative pipeline is in focus.
FATE’s Market Performance
Fate Therapeutics Inc (FATE) has seen a -22.22% fall in stock performance for the week, with a -28.85% decline in the past month and a -35.99% plunge in the past quarter. The volatility ratio for the week is 11.30%, and the volatility levels for the past 30 days are at 9.13% for FATE. The simple moving average for the last 20 days is -20.32% for FATE stock, with a simple moving average of -52.04% for the last 200 days.
Analysts’ Opinion of FATE
Many brokerage firms have already submitted their reports for FATE stocks, with Piper Sandler repeating the rating for FATE by listing it as a “Overweight.” The predicted price for FATE in the upcoming period, according to Piper Sandler is $6 based on the research report published on June 17, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see FATE reach a price target of $6. The rating they have provided for FATE stocks is “Equal Weight” according to the report published on March 27th, 2023.
H.C. Wainwright gave a rating of “Neutral” to FATE, setting the target price at $7 in the report published on January 24th of the previous year.
FATE Trading at -31.55% from the 50-Day Moving Average
After a stumble in the market that brought FATE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.42% of loss for the given period.
Volatility was left at 9.13%, however, over the last 30 days, the volatility rate increased by 11.30%, as shares sank -32.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.35% lower at present.
During the last 5 trading sessions, FATE fell by -22.22%, which changed the moving average for the period of 200-days by -61.11% in comparison to the 20-day moving average, which settled at $2.72. In addition, Fate Therapeutics Inc saw -41.98% 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 FATE starting from Xu Yuan, who sale 633 shares at the price of $4.23 back on Aug 06 ’24. After this action, Xu Yuan now owns 8,669 shares of Fate Therapeutics Inc, valued at $2,678 using the latest closing price.
Xu Yuan, the Director of Fate Therapeutics Inc, proposed sale 633 shares at $4.23 during a trade that took place back on Aug 06 ’24, which means that Xu Yuan is holding shares at $2,678 based on the most recent closing price.
Stock Fundamentals for FATE
Current profitability levels for the company are sitting at:
- -14.62 for the present operating margin
- -2.3 for the gross margin
The net margin for Fate Therapeutics Inc stands at -13.25. The total capital return value is set at -0.43. Equity return is now at value -46.59, with -34.32 for asset returns.
Based on Fate Therapeutics Inc (FATE), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -1.33. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -20.25.
Currently, EBITDA for the company is -172.23 million with net debt to EBITDA at -0.34. When we switch over and look at the enterprise to sales, we see a ratio of 22.92. The receivables turnover for the company is 3.26for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.29.
Conclusion
To wrap up, the performance of Fate Therapeutics Inc (FATE) 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.
