At the time of writing, Arcutis Biotherapeutics Inc [ARQT] stock is trading at $10.24, up 0.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ARQT shares have gain 3.12% over the last week, with a monthly amount glided 22.63%, and 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 August 28, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $15. Previously, Mizuho upgraded its rating to Buy on January 03, 2024, and elevated its price target to $8. On October 26, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $4 on the stock. Goldman downgraded its rating to a Neutral and decreased its price target to $6 on October 13, 2023. Needham initiated its recommendation with a Buy and recommended $46 as its price target on September 07, 2022. Goldman started tracking with a Buy rating for this stock on March 17, 2022, and assigned it a price target of $45. In a note dated June 30, 2021, Mizuho initiated an Buy rating and provided a target price of $58 on this stock.
For the past year, the stock price of Arcutis Biotherapeutics Inc fluctuated between $1.76 and $13.17. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Arcutis Biotherapeutics Inc [NASDAQ: ARQT] shares were valued at $10.24 at the most recent close of the market. An investor can expect a potential return of 202.73% based on the average ARQT price forecast.
Analyzing the ARQT fundamentals
According to Arcutis Biotherapeutics Inc [NASDAQ:ARQT], the company’s sales were 138.71M for trailing twelve months, which represents an 17.44% jump. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -1.31%, Pretax Profit Margin comes in at -1.41%, and Net Profit Margin reading is -1.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is -1.19 and Total Capital is -0.69. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.31.
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 9.94 points at the first support level, and at 9.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.63, and for the 2nd resistance point, it is at 11.02.
Ratios To Look Out For
It is important to note that Arcutis Biotherapeutics Inc [NASDAQ:ARQT] has a current ratio of 2.46. As well, the Quick Ratio is 2.38, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 8.64, the price to book ratio is 7.65.
Transactions by insiders
Recent insider trading involved Matsuda Masaru, that happened on Nov 19 ’24 when 1775.0 shares were sold. Officer, Matsuda Masaru completed a deal on Nov 19 ’24 to buy 1775.0 shares. Meanwhile, Burnett Patrick sold 69126.0 shares on Nov 14 ’24.
