At the time of writing, Arcellx Inc [ACLX] stock is trading at $86.61, up 1.38%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACLX shares have gain 12.64% over the last week, with a monthly amount glided 29.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Piper Sandler started tracking the stock with Overweight rating on May 31, 2024, and set its price target to $70. On March 07, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $81 on the stock. Needham reiterated its Buy rating and increased its price target to $71 on January 04, 2024. Scotiabank initiated its recommendation with a Sector Outperform and recommended $66 as its price target on December 19, 2023. In a note dated October 17, 2023, UBS initiated an Buy rating and provided a target price of $52 on this stock.
For the past year, the stock price of Arcellx Inc fluctuated between $30.88 and $86.11. Currently, Wall Street analysts expect the stock to reach $61 within the next 12 months. Arcellx Inc [NASDAQ: ACLX] shares were valued at $86.61 at the most recent close of the market. An investor can expect a potential drop of -29.57% based on the average ACLX price forecast.
Analyzing the ACLX fundamentals
According to Arcellx Inc [NASDAQ:ACLX], the company’s sales were 144.75M for trailing twelve months, which represents an 91.47% jump. Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at -0.56%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.12 and Total Capital is -0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 84.17 points at the first support level, and at 81.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.85, and for the 2nd resistance point, it is at 91.10.
Ratios To Look Out For
It is important to note that Arcellx Inc [NASDAQ:ACLX] has a current ratio of 6.01. In addition, the Quick Ratio stands at 6.01 and the Cash Ratio stands at 1.14. Considering the valuation of this stock, the price to sales ratio is 32.17, the price to book ratio is 9.53.
Transactions by insiders
Recent insider trading involved Gilson Michelle, CHIEF FINANCIAL OFFICER, that happened on Sep 17 ’24 when 15000.0 shares were sold. Officer, MICHELLE GILSON completed a deal on Sep 17 ’24 to buy 15000.0 shares. Meanwhile, Director Patel Kavita sold 1500.0 shares on Sep 10 ’24.
