Arcutis Biotherapeutics Inc [ARQT] stock prices are up 18.15% to $9.83 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARQT shares have gain 15.78% over the last week, with a monthly amount drifted -2.67%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Arcutis Biotherapeutics Inc [NASDAQ: ARQT] stock has seen the most recent analyst activity on January 03, 2024, when Mizuho upgraded its rating to a Buy and also boosted its price target to $8 from $4. Previously, Mizuho downgraded its rating to Neutral on October 26, 2023, and dropped its price target to $4. On October 13, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $6 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $46 on September 07, 2022. Goldman initiated its recommendation with a Buy and recommended $45 as its price target on March 17, 2022. Mizuho started tracking with a Buy rating for this stock on June 30, 2021, and assigned it a price target of $58. In a note dated May 27, 2021, Morgan Stanley upgraded an Overweight rating on this stock but restated the target price of $52.
The stock price of Arcutis Biotherapeutics Inc [ARQT] has been fluctuating between $1.76 and $13.17 over the past year. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Arcutis Biotherapeutics Inc [NASDAQ: ARQT] shares were valued at $9.83 at the most recent close of the market. An investor can expect a potential return of 215.36% based on the average ARQT price forecast.
Analyzing the ARQT fundamentals
The Arcutis Biotherapeutics Inc [NASDAQ:ARQT] reported sales of 132.06M for trailing twelve months, representing a surge of 494.57%. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at -1.36%, Pretax Profit Margin comes in at -1.48%, and Net Profit Margin reading is -1.51%. To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is -1.45 and Total Capital is -0.46. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.1.
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 8.81 points at the first support level, and at 7.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.51, and for the 2nd resistance point, it is at 11.18.
Ratios To Look Out For
It’s worth pointing out that Arcutis Biotherapeutics Inc [NASDAQ:ARQT]’s Current Ratio is 8.46. Further, the Quick Ratio stands at 8.19, while the Cash Ratio is 1.65. Considering the valuation of this stock, the price to sales ratio is 8.70, the price to book ratio is 6.14.
Transactions by insiders
Recent insider trading involved Burnett Patrick,, that happened on Aug 19 ’24 when 1728.0 shares were sold. Officer, Burnett Patrick completed a deal on Aug 19 ’24 to buy 1728.0 shares. Meanwhile, Matsuda Masaru sold 5220.0 shares on Aug 02 ’24.
