A share price of Adicet Bio Inc [ACET] is currently trading at $0.91, up 19.34%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACET shares have gain 17.61% over the last week, with a monthly amount drifted -6.07%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, H.C. Wainwright downgraded its rating to Neutral on September 11, 2024. On June 27, 2023, downgrade downgraded it’s rating to Mkt Perform. Guggenheim downgraded its rating to a Neutral. JP Morgan downgraded its rating to a Neutral and reduced its price target to $6 on June 01, 2023. JP Morgan started tracking with a Overweight rating for this stock on September 21, 2022, and assigned it a price target of $23. In a note dated March 31, 2022, SMBC Nikko initiated an Outperform rating and provided a target price of $28 on this stock.
Adicet Bio Inc experienced fluctuations in its stock price throughout the past year between $0.74 and $2.43. Currently, Wall Street analysts expect the stock to reach $32.5 within the next 12 months. Adicet Bio Inc [NASDAQ: ACET] shares were valued at $0.91 at the most recent close of the market. An investor can expect a potential return of 3471.43% based on the average ACET price forecast.
Analyzing the ACET fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.53, Equity is -0.53 and Total Capital is -0.64. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 0.8398 points at the first support level, and at 0.7652 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9691, and for the 2nd resistance point, it is at 1.0238.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Adicet Bio Inc [NASDAQ:ACET] is 9.29. In addition, the Quick Ratio stands at 9.29 and the Cash Ratio stands at 2.91.
Transactions by insiders
Recent insider trading involved Kauffman Michael, Director, that happened on Jun 05 ’24 when 5900.0 shares were sold.
