The stock of Arcellx Inc. (NASDAQ:ACLX) decreased by -$0.4 on Friday to finish at $30.98, down -1.27 percent. The last five days have seen an average of 307,640 shares of common stock traded. The average number of shares traded over the last 20 days was 995,320, while the average volume over the last 50 days totaled 668,072.
ACLX stock appreciated 55.37% since last month. On 12/07/22, the company’s shares reached a one-month low of $18.70. The stock touched a high of $33.99, after rallying from a low of $6.03 in 52 weeks. The price of ACLX stock has risen by 84.40%. Still, the stock price is down -8.86% from the 52-week high.
ACLX stock investors should be aware that Arcellx Inc. (ACLX) stock had its last reported insider trading activity 10 days ago on Dec 23. On Dec 23, 10% Owner SANDELL SCOTT D sold 390 shares at $31.67 each. This transaction resulted in the insider making $12,353. On Dec 22, BASKETT FOREST sold 1,628 shares at a price of US$31.45. After the transaction, the insider now owns 0 shares. 10% Owner SANDELL SCOTT D had earlier sold 179 shares on Dec 21 for $30.74 a share. The transaction was completed for $5,502.
For the three months ended September 29, Arcellx Inc.’s quick ratio was 6.50, while its current ratio was 6.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.11, and the total debt to equity ratio is 0.23.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ACLX’s return on assets (ROA) during the last 12 months has been -62.60%. In the meantime, the return on equity (ROE) for the last 12 months was -102.30%.
According to Arcellx Inc.’s quarterly financial report for the quarter that ended September 29, it had $224.02 million in cash and short-term investments. It was predicted that Arcellx Inc.’s quarterly earnings would be -$2.12, but it ended up being -$0.89, beating the consensus by -138.20%. At the end of Arcellx Inc.’s most recent quarter ended September 29, its liabilities totaled 101.04 million, while its total debt was $86.87 million. Equity owned by shareholders amounts to $43.85 million.
Here’s a quick look at Arcellx Inc.’s (ACLX) price momentum from a technical perspective. As of 30 December, the RSI 9-day stood at 59.19%, suggesting the stock is Neutral, with a 73.94% historical volatility rate.
The stochastic %K and %D were 70.07% and 73.20% respectively, while the average true range (ATR) was 2.22. Based on the 14-day stochastic reading of 64.17%, the RSI (14) reading is 60.91%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at -0.06.
Analysts have assigned Arcellx Inc. (ACLX) an Buy rating. ACLX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is ACLX’s price target for the next 12 months?
The current consensus forecast for the stock is between $34.00 and $45.00, with a median target price of $36.00. In analyzing these forecasts, the average price target given by analysts for Arcellx Inc. (ACLX) is $37.33.