As of Wednesday close, Arcellx Inc.’s (NASDAQ:ACLX) stock was down -$0.79, moving down -3.64 percent to $20.89. The average number of shares traded per day over the past five days has been 451,900 shares. 4 times new highs have been achieved over the past 5 days, with a $0.71 gain in that time frame. In the last twenty days, the average volume was 480,780, while in the previous 50 days, it was 527,234.
Since last month, ACLX stock rose 3.98%. Shares of the company fell to $17.87 on 10/24/22, the lowest level in the past month. Since the beginning of this year, ACLX’s stock price has risen by 24.35%. However, the stock has declined by -22.37% since its 52-week high.
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ACLX stock investors should be aware that Arcellx Inc. (ACLX) stock had its last reported insider trading activity 156 days ago on Jun 21. New Enterprise Associates 15,, the 10% Owner of the company, purchased of 312,500 shares for $16.00 on Jun 21. It resulted in a $5,000,000 investment by the insider.
In the three months ended September 29, Arcellx Inc.’s quick ratio stood at 6.50, while its current ratio was 6.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.11, and the total debt-to-equity ratio was 0.23.
While analysts expected Arcellx Inc. to report -$0.89 quarterly earnings, the actual figure was -$2.12 per share, beating the consensus estimate by -138.20%. The liabilities of Arcellx Inc. were 101.04 million at the end of its most recent quarter ended September 29, and its total debt was $86.87 million. The value of shareholders’ equity is $43.85 million.
This quick technical analysis looks at Arcellx Inc.’s (ACLX) price momentum. With a historical volatility rate of 69.78%, the RSI 9-day stood at 47.42% on 23 November.
With respect to its five-day moving average, the current Arcellx Inc. price is up by +3.52% percent or $0.71. At present, ACLX shares trade +3.06% above its 20-day simple moving average and +9.49% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.90% above its SMA50 and +17.49% above its SMA200.
Stochastic coefficient K was 35.97% and Stochastic coefficient D was 33.23%, while ATR was 1.49. Given the Stochastic reading of 32.64% for the 14-day period, the RSI (14) reading has been calculated as 49.36%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at -0.45.
Guggenheim launched its rating on Arcellx Inc. (NASDAQ: ACLX) to a Buy in a note to investors on October 31, 2022. Arcellx Inc. (ACLX) has been rated Buy by analysts. According to 0 brokerage firms, ACLX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Arcellx Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $31.50, the current consensus forecast for the stock is $25.00 – $36.00. Based on these forecasts, analysts predict Arcellx Inc. (ACLX) will achieve an average price target of $31.33.