Acrivon Therapeutics Inc [ACRV] stock prices are up 43.33% to $2.15 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 ACRV shares have gain 58.09% over the last week, with a monthly amount drifted -60.91%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Ladenburg Thalmann upgraded its rating to Buy on September 16, 2024, and kept the price target unchanged to $16. On April 29, 2024, downgrade downgraded it’s rating to Neutral. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $14 on March 01, 2024. In a note dated June 02, 2023, Oppenheimer initiated an Outperform rating and provided a target price of $25 on this stock.
The stock price of Acrivon Therapeutics Inc [ACRV] has been fluctuating between $1.30 and $11.51 over the past year. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Acrivon Therapeutics Inc [NASDAQ: ACRV] shares were valued at $2.15 at the most recent close of the market. An investor can expect a potential return of 1155.81% based on the average ACRV price forecast.
Analyzing the ACRV fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.41, Equity is -0.46 and Total Capital is -0.5. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 1.7000 points at the first support level, and at 1.2600 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.3900, and for the 2nd resistance point, it is at 2.6400.
Ratios To Look Out For
It’s worth pointing out that Acrivon Therapeutics Inc [NASDAQ:ACRV]’s Current Ratio is 10.55. Also, the Quick Ratio is 10.55, while the Cash Ratio stands at 2.31.
