The stock of Fate Therapeutics Inc (NASDAQ: FATE) has increased by 28.22 when compared to last closing price of 2.02. Despite this, the company has experienced a 1.17% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that 27-year-old African American-Asian Woman with Active Lupus Nephritis Achieved DORIS Clinical Remission; Patient Remains On-study, in Clinical Remission, and Free of All Immunosuppressive Therapies
Is It Worth Investing in Fate Therapeutics Inc (NASDAQ: FATE) Right Now?
FATE has 36-month beta value of 1.86. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for FATE is 97.96M, and currently, short sellers hold a 16.23% ratio of that float. The average trading volume of FATE on November 18, 2024 was 1.26M shares.
FATE’s Market Performance
The stock of Fate Therapeutics Inc (FATE) has seen a 1.17% increase in the past week, with a -19.81% drop in the past month, and a -29.43% fall in the past quarter. The volatility ratio for the week is 10.25%, and the volatility levels for the past 30 days are at 9.24% for FATE. The simple moving average for the past 20 days is 0.47% for FATE’s stock, with a -41.94% simple moving average for the past 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 -16.35% 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 -70.67% of loss for the given period.
Volatility was left at 9.24%, however, over the last 30 days, the volatility rate increased by 10.25%, as shares sank -22.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.13% lower at present.
During the last 5 trading sessions, FATE fell by -4.49%, which changed the moving average for the period of 200-days by -62.50% in comparison to the 20-day moving average, which settled at $2.57. In addition, Fate Therapeutics Inc saw -30.75% 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.
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 25.38. 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 put it simply, Fate Therapeutics Inc (FATE) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
