A share price of Acadia Pharmaceuticals Inc [ACAD] is currently trading at $15.17, up 0.86%. 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 ACAD shares have gain 4.26% over the last week, with a monthly amount drifted -7.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 07, 2024, and dropped its price target to $20. On June 27, 2024, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $31 on the stock. Needham reiterated its Buy rating and decreased its price target to $32 on March 12, 2024. Mizuho downgraded its rating to a Neutral and reduced its price target to $25 on March 12, 2024. Robert W. Baird started tracking with a Outperform rating for this stock on January 30, 2024, and assigned it a price target of $40. In a note dated January 24, 2024, Needham upgraded an Buy rating on this stock but restated the target price of $37.
Acadia Pharmaceuticals Inc experienced fluctuations in its stock price throughout the past year between $14.31 and $32.59. Currently, Wall Street analysts expect the stock to reach $26.57 within the next 12 months. Acadia Pharmaceuticals Inc [NASDAQ: ACAD] shares were valued at $15.17 at the most recent close of the market. An investor can expect a potential return of 75.15% based on the average ACAD price forecast.
Analyzing the ACAD fundamentals
Trailing Twelve Months sales for Acadia Pharmaceuticals Inc [NASDAQ:ACAD] were 890.53M which represents 46.44% growth. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
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 15.00 points at the first support level, and at 14.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.30, and for the 2nd resistance point, it is at 15.43.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Acadia Pharmaceuticals Inc [NASDAQ:ACAD] is 2.16. Further, the Quick Ratio stands at 1.95, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 2.83, the price to book ratio is 4.87 and price to earnings (TTM) ratio is 84.99.
Transactions by insiders
Recent insider trading involved Schneyer Mark C., EVP, CHIEF FINANCIAL OFFICER, that happened on Aug 19 ’24 when 9733.0 shares were sold. EVP, COO, HEAD OF COMMERCIAL, Teehan Brendan completed a deal on Aug 19 ’24 to sell 9534.0 shares. Meanwhile, CEO DAVIS STEPHEN sold 31747.0 shares on Aug 19 ’24.
