At the time of writing, Arcellx Inc [ACLX] stock is trading at $89.91, up 3.57%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ACLX shares have gain 11.21% over the last week, with a monthly amount glided 16.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Arcellx Inc [NASDAQ: ACLX] stock has seen the most recent analyst activity on October 08, 2024, when Redburn Atlantic initiated its Buy rating and assigned the stock a price target of $109. On May 31, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $70 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $81 on March 07, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $71 on January 04, 2024. Scotiabank started tracking with a Sector Outperform rating for this stock on December 19, 2023, and assigned it a price target of $66. In a note dated October 30, 2023, TD Cowen initiated an Outperform rating.
For the past year, the stock price of Arcellx Inc fluctuated between $30.88 and $88.66. Currently, Wall Street analysts expect the stock to reach $61 within the next 12 months. Arcellx Inc [NASDAQ: ACLX] shares were valued at $89.91 at the most recent close of the market. An investor can expect a potential drop of -32.15% 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 87.14 points at the first support level, and at 84.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.33, and for the 2nd resistance point, it is at 92.76.
Ratios To Look Out For
It is important to note that Arcellx Inc [NASDAQ:ACLX] has a current ratio of 6.01. As well, the Quick Ratio is 6.01, while the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 33.39, the price to book ratio is 9.90.
Transactions by insiders
Recent insider trading involved Patel Kavita, Director, that happened on Oct 01 ’24 when 1500.0 shares were sold. CHIEF FINANCIAL OFFICER, Gilson Michelle completed a deal on Sep 17 ’24 to sell 15000.0 shares. Meanwhile, Officer MICHELLE GILSON bought 15000.0 shares on Sep 17 ’24.
