Fate Therapeutics Inc. (NASDAQ:FATE) saw a downside of -2.56% to close Tuesday at $2.66 after subtracting -$0.07 on the day. The 5-day average trading volume is 1,758,880 shares of the company’s common stock. It has gained $2.95 in the past week and touched a new high 1 time within the past 5 days. An average of 2,002,600 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,193,066.
FATE’s 1-month performance is -38.28% or -$1.80 on its low of $2.60 reached on 08/22/23. The company’s shares have touched a 52-week low of $2.66 and high of $31.58, with the stock’s rally to the 52-week high happening on 01/05/23. YTD, FATE has lost -73.64% or -$7.43 and has reached a new high 3 times. However, the current price is down -91.58% from the 52-week high price.
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Insider Transactions
FATE stock investors last saw insider trading activity on Aug 18.Dulac Edward J III (Chief Financial Officer) most recently sold 4,718 shares at $2.80 per share on Aug 18. This transaction cost the insider $13,210. Director, Xu Yuan, sold 632 shares at a price of $3.71 on Aug 04. Then, on Jul 05, Chief Financial Officer Dulac Edward J III sold 5,182 shares at a price of $4.83 per share. This transaction amounted to $25,029.
Valuation Metrics
FATE stock has a beta of 1.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.20 while the price-to-book (PB) in the most recent quarter is 0.60.
Fate Therapeutics Inc.’s quick ratio for the period ended June 29 was 8.80, with the current ratio over the same period at 8.80. The trailing 12-month EBITDA margin is -305.95%. The firm’s gross profit as reported stood at $404.69 million against revenue of $96.3 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -44.26% to -$52.76 million, while revenue of -$18.88 million was 64.22% off the previous quarter. Analysts expected FATE to announce -$0.59 per share in earnings in its latest quarter, but it posted -$0.54, representing a 8.50% surprise. EBITDA for the quarter stood at more than -$61.04 million. FATE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 147.0 million, with total debt at $106.35 million. Shareholders hold equity totaling $98.56 million.
Let’s look briefly at Fate Therapeutics Inc. (FATE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 6.35% to suggest the stock is trending oversold, with historical volatility in this time period at 14.09%.
The stock’s 5-day moving average is $2.75, reflecting a -9.22% or -$0.27 change from its current price. FATE is currently trading -37.85% above its 20-day SMA, -52.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -45.38% and SMA200 by-86.73%.
Stochastic %K and %D was 4.99% and 4.43% and the average true range (ATR) pointed at 0.19. The RSI (14) points at 13.46%, while the 14-day stochastic is at 4.55% with the period’s ATR at 0.20. The stock’s 9-day MACD Oscillator is pointing at -0.17 and -0.42 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for FATE stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate FATE as a “sell,”, while 14 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is FATE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $16.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Fate Therapeutics Inc. (FATE) stock is $7.19.
