As of Wednesday close, Aclaris Therapeutics Inc.’s (NASDAQ:ACRS) stock was down -$0.09, moving down -1.19 percent to $7.50. The average number of shares traded per day over the past five days has been 1,006,580 shares. 3 times new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 721,920, while in the previous 50 days, it was 605,362.
Since last month, ACRS stock retreated -23.55%. Shares of the company fell to $6.52 on 08/28/23, the lowest level in the past month. A 52-week high of $18.96 was reached on 01/30/23 after having rallying from a 52-week low of $5.77. Since the beginning of this year, ACRS’s stock price has dropped by -52.38% or -$8.25, and marked a new high 8 times. However, the stock has declined by -60.44% since its 52-week high.
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ACRS stock investors should be aware that Aclaris Therapeutics Inc. (ACRS) stock had its last reported insider trading activity 3 days ago on Aug 28. Loerop James, the Chief Business Officer of the company, purchased of 14,705 shares for $6.80 on Aug 28. It resulted in a $99,959 investment by the insider. Monahan Joseph sold 6,000 shares at an average price of $7.32 on Aug 21. The insider now owns 135,724 shares following the transaction. On Jun 20, Chief Scientific Officer Monahan Joseph sold 6,000 shares at $10.28 apiece. The transaction was valued at $61,663.
Valuation Metrics
The stock’s beta is 0.66. Besides these, the trailing price-to-sales (P/S) ratio of 17.29, the price-to-book (PB) ratio of 2.95.
Financial Health
In the three months ended June 29, Aclaris Therapeutics Inc.’s quick ratio stood at 5.80, while its current ratio was 5.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 57.70% percent. Based on annual data, ACRS earned $17.79 million in gross profit and brought in $29.75 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 -45.50%. Return on equity (ROE) for the past 12 months was -54.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ACRS’s revenue rose 18.18% to $2.53 million during the quarter, while net income inched up to $1.87 million. While analysts expected Aclaris Therapeutics Inc. to report -$0.45 quarterly earnings, the actual figure was -$0.42 per share, beating the consensus estimate by 6.70%. During the quarter, the company generated -$31.6 million in EBITDA. The liabilities of Aclaris Therapeutics Inc. were 55.9 million at the end of its most recent quarter ended June 29, and its total debt was $2.36 million. The value of shareholders’ equity is $70.8 million.
Technical Picture
This quick technical analysis looks at Aclaris Therapeutics Inc.’s (ACRS) price momentum. With a historical volatility rate of 84.78%, the RSI 9-day stood at 44.90% on 30 August.
With respect to its five-day moving average, the current Aclaris Therapeutics Inc. price is up by +3.16% percent or $0.23. At present, ACRS shares trade -22.60% below its 20-day simple moving average and -17.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.38% below its SMA50 and -55.75% below its SMA200.
Stochastic coefficient K was 34.86% and Stochastic coefficient D was 19.60%, while ATR was 0.53. Given the Stochastic reading of 50.78% for the 14-day period, the RSI (14) reading has been calculated as 40.07%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at -0.18.
Analyst Ratings
Stifel launched its rating on Aclaris Therapeutics Inc. (NASDAQ: ACRS) to a Buy in a note to investors on December 14, 2022. Aclaris Therapeutics Inc. (ACRS) has been rated Buy by analysts. According to 0 brokerage firms, ACRS 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 Aclaris Therapeutics Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $29.00, the current consensus forecast for the stock is $16.00 – $43.00. Based on these forecasts, analysts predict Aclaris Therapeutics Inc. (ACRS) will achieve an average price target of $28.89.
