Alpha Tau Medical Ltd [DRTS] stock prices are up 6.27% to $3.56 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DRTS shares have gain 14.84% over the last week, with a monthly amount glided 18.67%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Alpha Tau Medical Ltd [NASDAQ: DRTS] stock has seen the most recent analyst activity on December 15, 2023, when Citigroup initiated its Buy rating and assigned the stock a price target of $8. Previously, H.C. Wainwright started tracking the stock with Buy rating on April 24, 2023, and set its price target to $9. On April 14, 2022, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $20 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $19 on April 08, 2022. Citigroup initiated its recommendation with a Buy and recommended $21 as its price target on April 04, 2022.
The stock price of Alpha Tau Medical Ltd [DRTS] has been fluctuating between $1.75 and $3.40 over the past year. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Alpha Tau Medical Ltd [NASDAQ: DRTS] shares were valued at $3.56 at the most recent close of the market. An investor can expect a potential return of 96.63% based on the average DRTS price forecast.
Analyzing the DRTS fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.39 and Total Capital is -0.42. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 3.34 points at the first support level, and at 3.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.83, and for the 2nd resistance point, it is at 4.11.
Ratios To Look Out For
It’s worth pointing out that Alpha Tau Medical Ltd [NASDAQ:DRTS]’s Current Ratio is 10.99. Also, the Quick Ratio is 10.99, while the Cash Ratio stands at 0.87.
