At the time of writing, Arcellx Inc [ACLX] stock is trading at $67.32, down -0.44%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACLX shares have gain 12.26% over the last week, with a monthly amount glided 4.55%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Arcellx Provides Fourth Quarter and Year-End 2023 Financial Results and Business Highlights. In a post published today on Yahoo Finance, — Expanded strategic partnership with Kite –.
From an analyst’s perspective:
Arcellx Inc [NASDAQ: ACLX] stock has seen the most recent analyst activity on January 04, 2024, when Needham reiterated its Buy rating and also boosted its price target to $71 from $65. Previously, Scotiabank started tracking the stock with Sector Outperform rating on December 19, 2023, and set its price target to $66. On October 30, 2023, TD Cowen initiated with a Outperform rating. UBS started tracking the stock assigning a Buy rating and suggested a price target of $52 on October 17, 2023. Truist initiated its recommendation with a Buy and recommended $60 as its price target on May 18, 2023. Robert W. Baird started tracking with a Outperform rating for this stock on April 14, 2023, and assigned it a price target of $39. In a note dated March 14, 2023, Stifel initiated an Buy rating and provided a target price of $43 on this stock.
For the past year, the stock price of Arcellx Inc fluctuated between $26.32 and $67.80. Currently, Wall Street analysts expect the stock to reach $35.75 within the next 12 months. Arcellx Inc [NASDAQ: ACLX] shares were valued at $67.32 at the most recent close of the market. An investor can expect a potential drop of -46.9% based on the average ACLX price forecast.
Analyzing the ACLX fundamentals
Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at -0.81%, Pretax Profit Margin comes in at -0.63%, and Net Profit Margin reading is -0.64%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.33 and Total Capital is -0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 66.55 points at the first support level, and at 65.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.10, and for the 2nd resistance point, it is at 68.89.
Arcellx Inc [ACLX] reported earnings per share of -$0.81 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.54/share, meaning a difference of -$0.27 and a surprise factor of -50.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.5 per share as compared to estimates of -$0.31 per share, a difference of -$0.19 representing a surprise of -61.30%.
Ratios To Look Out For
It is important to note that Arcellx Inc [NASDAQ:ACLX] has a current ratio of 2.84. Also, the Quick Ratio is 2.84. Considering the valuation of this stock, the price to sales ratio is 69.46, the price to book ratio is 12.31.
Transactions by insiders
Recent insider trading involved Elghandour Rami,, that happened on Feb 12 when 11169.0 shares were sold. CHIEF MEDICAL OFFICER, Heery Christopher completed a deal on Feb 12 to sell 2967.0 shares. Meanwhile, Elghandour Rami sold 13886.0 shares on Feb 09.
