On Tuesday, Arcellx Inc (NASDAQ: ACLX) opened lower -4.07% from the last session, before settling in for the closing price of $56.07. Price fluctuations for ACLX have ranged from $30.74 to $75.10 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -6.31% at the time writing. With a float of $40.09 million, this company’s outstanding shares have now reached $52.28 million.
Let’s determine the extent of company efficiency that accounts for 130 employees.
Arcellx Inc (ACLX) Insider Activity
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Arcellx Inc is 25.06%, while institutional ownership is 75.82%. The most recent insider transaction that took place on Jun 12 ’24, was worth 1,102,668. In this transaction CHIEF MEDICAL OFFICER of this company sold 20,000 shares at a rate of $55.13, taking the stock ownership to the 9,278 shares. Before that another transaction happened on May 24 ’24, when Company’s CHIEF FINANCIAL OFFICER sold 12,121 for $50.71, making the entire transaction worth $614,656. This insider now owns 19,792 shares in total.
Arcellx Inc (ACLX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -6.31% per share during the next fiscal year.
Arcellx Inc (NASDAQ: ACLX) Trading Performance Indicators
Check out the current performance indicators for Arcellx Inc (ACLX). In the past quarter, the stock posted a quick ratio of 5.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.06, a number that is poised to hit -0.52 in the next quarter and is forecasted to reach -2.06 in one year’s time.
Technical Analysis of Arcellx Inc (ACLX)
Looking closely at Arcellx Inc (NASDAQ: ACLX), its last 5-days average volume was 0.48 million, which is a jump from its year-to-date volume of 0.46 million. As of the previous 9 days, the stock’s Stochastic %D was 51.54%. Additionally, its Average True Range was 2.34.
During the past 100 days, Arcellx Inc’s (ACLX) raw stochastic average was set at 21.71%, which indicates a significant decrease from 43.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.89% in the past 14 days, which was lower than the 44.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.88, while its 200-day Moving Average is $52.64. However, in the short run, Arcellx Inc’s stock first resistance to watch stands at $55.01. Second resistance stands at $56.24. The third major resistance level sits at $56.98. If the price goes on to break the first support level at $53.05, it is likely to go to the next support level at $52.31. Should the price break the second support level, the third support level stands at $51.09.
Arcellx Inc (NASDAQ: ACLX) Key Stats
There are currently 53,503K shares outstanding in the company with a market cap of 2.88 billion. Presently, the company’s annual sales total 110,320 K according to its annual income of -70,690 K. Last quarter, the company’s sales amounted to 39,260 K and its income totaled -7,200 K.
