Arcellx Inc [ACLX] stock is trading at $70.74, up 3.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACLX shares have gain 9.13% over the last week, with a monthly amount glided 3.18%, and seem to be holding up well over a long-time horizon.
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.
Arcellx Inc [ACLX] stock has fluctuated between $47.88 and $107.37 over the past year. Currently, Wall Street analysts expect the stock to reach $111.6 within the next 12 months. Arcellx Inc [NASDAQ: ACLX] shares were valued at $70.74 at the most recent close of the market. An investor can expect a potential return of 57.76% based on the average ACLX price forecast.
Analyzing the ACLX fundamentals
Arcellx Inc [NASDAQ:ACLX] reported sales of 107.94M for the trailing twelve months, which represents a drop of -75.83%. Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at -1.27%, Pretax Profit Margin comes in at -0.98%, and Net Profit Margin reading is -0.99%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.22 and Total Capital is -0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 67.01 points at the first support level, and at 63.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.57, and for the 2nd resistance point, it is at 78.39.
Ratios To Look Out For
For context, Arcellx Inc’s Current Ratio is 4.78. On the other hand, the Quick Ratio is 4.78, and the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 36.01, the price to book ratio is 8.45.
Transactions by insiders
Recent insider trading involved Elghandour Rami,, that happened on Feb 26 ’25 when 38300.0 shares were sold. Officer, Elghandour Rami completed a deal on Feb 26 ’25 to buy 38300.0 shares. Meanwhile, Director Patel Kavita sold 1500.0 shares on Feb 25 ’25.
