As of Wednesday close, Arcutis Biotherapeutics Inc.’s (NASDAQ:ARQT) stock was down -$0.48, moving down -5.07 percent to $8.99. The average number of shares traded per day over the past five days has been 1,147,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.02 fall in that time frame. In the last twenty days, the average volume was 1,292,460, while in the previous 50 days, it was 1,168,172.
Since last month, ARQT stock retreated -32.76%. Shares of the company fell to $8.87 on 05/24/23, the lowest level in the past month. A 52-week high of $27.40 was reached on 03/01/23 after having rallying from a 52-week low of $9.23. Since the beginning of this year, ARQT’s stock price has dropped by -39.26% or -$5.81, and marked a new high 10 times. However, the stock has declined by -67.19% since its 52-week high.
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Sponsored
ARQT stock investors should be aware that Arcutis Biotherapeutics Inc. (ARQT) stock had its last reported insider trading activity 38 days ago on Apr 17. Welgus Howard G., the Director of the company, disposed of 8,500 shares for $13.97 on Apr 17. It resulted in a $118,728 divestment by the insider. Welgus Howard G. sold 8,500 shares at an average price of $12.01 on Apr 06. The insider now owns 165,825 shares following the transaction. On Mar 06, Watanabe Todd Franklin sold 2,435 shares at $15.26 apiece. The transaction was valued at $37,167.
Valuation Metrics
The stock’s beta is 0.51. Besides these, the trailing price-to-sales (P/S) ratio of 84.77, the price-to-book (PB) ratio of 3.94.
Financial Health
In the three months ended March 30, Arcutis Biotherapeutics Inc.’s quick ratio stood at 9.70, while its current ratio was 9.90, 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 March 30 was 1.42, and the total debt-to-equity ratio was 1.42. On the profitability front, the trailing twelve-month gross margin is 76.20% percent. Based on annual data, ARQT earned $2.93 million in gross profit and brought in $3.69 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -74.00%. Return on equity (ROE) for the past 12 months was -160.50%.
In Arcutis Biotherapeutics Inc.’s quarter-end financial report for March 30, it reported total debt of $198.76 million against cash and short-term investments of $251.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ARQT’s revenue rose 100.0% to $2.96 million during the quarter, while net income inched up to $2.78 million. While analysts expected Arcutis Biotherapeutics Inc. to report -$1.28 quarterly earnings, the actual figure was -$1.31 per share, beating the consensus estimate by -2.30%. During the quarter, the company generated -$78.06 million in EBITDA. The liabilities of Arcutis Biotherapeutics Inc. were 239.73 million at the end of its most recent quarter ended March 30, and its total debt was $203.38 million. The value of shareholders’ equity is $61.42 million.
Technical Picture
This quick technical analysis looks at Arcutis Biotherapeutics Inc.’s (ARQT) price momentum. With a historical volatility rate of 104.97%, the RSI 9-day stood at 23.94% on 24 May.
With respect to its five-day moving average, the current Arcutis Biotherapeutics Inc. price is down by -10.19% percent or -$1.02. At present, ARQT shares trade -35.32% below its 20-day simple moving average and -38.38% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.62% below its SMA50 and -63.87% below its SMA200.
Stochastic coefficient K was 5.38% and Stochastic coefficient D was 5.81%, while ATR was 0.77. Given the Stochastic reading of 1.92% for the 14-day period, the RSI (14) reading has been calculated as 29.03%. As of today, the MACD Oscillator reading stands at -0.30, while the 14-day reading stands at -1.57.
Analyst Ratings
Arcutis Biotherapeutics Inc. (ARQT) has been rated Buy by analysts. According to 0 brokerage firms, ARQT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Arcutis Biotherapeutics Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $45.00, the current consensus forecast for the stock is $24.00 – $65.00. Based on these forecasts, analysts predict Arcutis Biotherapeutics Inc. (ARQT) will achieve an average price target of $45.33.