Aclaris Therapeutics Inc [ACRS] stock prices are down -0.82% to $1.21 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ACRS shares have gain 1.68% over the last week, with a monthly amount drifted -3.20%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Aclaris Therapeutics Inc [NASDAQ: ACRS] stock has seen the most recent analyst activity on January 22, 2024, when H.C. Wainwright downgraded its rating to a Neutral. Previously, William Blair downgraded its rating to Mkt Perform on November 13, 2023. On October 03, 2023, Evercore ISI initiated with a Outperform rating and assigned a price target of $22 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $29 on December 14, 2022. Goldman initiated its recommendation with a Buy and recommended $25 as its price target on December 01, 2022. BTIG Research started tracking with a Buy rating for this stock on October 06, 2022, and assigned it a price target of $32.
The stock price of Aclaris Therapeutics Inc [ACRS] has been fluctuating between $0.59 and $11.12 over the past year. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Aclaris Therapeutics Inc [NASDAQ: ACRS] shares were valued at $1.21 at the most recent close of the market. An investor can expect a potential return of 1966.12% based on the average ACRS price forecast.
Analyzing the ACRS fundamentals
The Aclaris Therapeutics Inc [NASDAQ:ACRS] reported sales of 31.25M for trailing twelve months, representing a surge of 126.62%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -3.14%, Pretax Profit Margin comes in at -2.84%, and Net Profit Margin reading is -2.78%. To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is -0.52 and Total Capital is -0.59. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 1.1867 points at the first support level, and at 1.1633 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2317, and for the 2nd resistance point, it is at 1.2533.
Ratios To Look Out For
It’s worth pointing out that Aclaris Therapeutics Inc [NASDAQ:ACRS]’s Current Ratio is 4.16. On the other hand, the Quick Ratio is 4.16, and the Cash Ratio is 1.29. Considering the valuation of this stock, the price to sales ratio is 2.75, the price to book ratio is 0.55.
Transactions by insiders
Recent insider trading involved Powell Andrew Kenneth William, Director, that happened on Mar 04 ’24 when 6000.0 shares were purchased. Director, Powell Andrew Kenneth William completed a deal on Mar 01 ’24 to buy 8500.0 shares. Meanwhile, Chief Scientific Officer Monahan Joseph sold 6000.0 shares on Oct 23 ’23.
