A share price of Arcutis Biotherapeutics Inc [ARQT] is currently trading at $13.57, up 6.93%. 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 7.87% over the last week, with a monthly amount glided 36.66%, 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.
Arcutis Biotherapeutics Inc experienced fluctuations in its stock price throughout the past year between $2.28 and $13.50. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Arcutis Biotherapeutics Inc [NASDAQ: ARQT] shares were valued at $13.57 at the most recent close of the market. An investor can expect a potential return of 128.45% based on the average ARQT price forecast.
Analyzing the ARQT fundamentals
Trailing Twelve Months sales for Arcutis Biotherapeutics Inc [NASDAQ:ARQT] were 138.71M which represents 17.44% growth. 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 12.93 points at the first support level, and at 12.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.90, and for the 2nd resistance point, it is at 14.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arcutis Biotherapeutics Inc [NASDAQ:ARQT] is 2.46. Further, the Quick Ratio stands at 2.38, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 11.86, the price to book ratio is 10.14.
Transactions by insiders
Recent insider trading involved Edwards Larry Todd, that happened on Nov 30 ’24 when 1093.0 shares were purchased., Matsuda Masaru completed a deal on Nov 30 ’24 to buy 1657.0 shares. Meanwhile, Matsuda Masaru bought 4000.0 shares on May 31 ’24.
