A major move is in the offing as Acadia Pharmaceuticals Inc (ACAD) market cap hits 2.54 billion

Acadia Pharmaceuticals Inc (NASDAQ: ACAD) kicked off on Friday, up 0.86% from the previous trading day, before settling in for the closing price of $15.17. Over the past 52 weeks, ACAD has traded in a range of $14.31-$32.59.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 27.73%. While this was happening, its average annual earnings per share was recorded 247.16%. With a float of $164.61 million, this company’s outstanding shares have now reached $164.65 million.

Considering the fact that the conglomerate employs 598 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 91.72%, operating margin of 2.56%, and the pretax margin is 5.14%.

Acadia Pharmaceuticals Inc (ACAD) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Acadia Pharmaceuticals Inc is 0.76%, while institutional ownership is 97.84%. The most recent insider transaction that took place on Aug 19 ’24, was worth 148,720. In this transaction EVP, CHIEF FINANCIAL OFFICER of this company sold 9,733 shares at a rate of $15.28, taking the stock ownership to the 43,735 shares. Before that another transaction happened on Aug 19 ’24, when Company’s EVP, COO, HEAD OF COMMERCIAL sold 9,534 for $15.28, making the entire transaction worth $145,680. This insider now owns 52,177 shares in total.

Acadia Pharmaceuticals Inc (ACAD) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.4 earnings per share (EPS), higher than consensus estimate (set at -0.43) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 247.16% per share during the next fiscal year.

Acadia Pharmaceuticals Inc (NASDAQ: ACAD) Trading Performance Indicators

Take a look at Acadia Pharmaceuticals Inc’s (ACAD) current performance indicators. Last quarter, stock had a quick ratio of 1.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.85. Likewise, its price to free cash flow for the trailing twelve months is 31.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.18, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.82 in one year’s time.

Technical Analysis of Acadia Pharmaceuticals Inc (ACAD)

Compared to the last year’s volume of 1.71 million, its volume of 1.17 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 90.23%. Additionally, its Average True Range was 0.42.

During the past 100 days, Acadia Pharmaceuticals Inc’s (ACAD) raw stochastic average was set at 19.22%, which indicates a significant decrease from 85.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.11% in the past 14 days, which was lower than the 46.55% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.63, while its 200-day Moving Average is $18.72. Nevertheless, the first resistance level for the watch stands at $15.43 in the near term. At $15.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.76. If the price goes on to break the first support level at $15.10, it is likely to go to the next support level at $14.91. Should the price break the second support level, the third support level stands at $14.77.

Acadia Pharmaceuticals Inc (NASDAQ: ACAD) Key Stats

The company with the Market Capitalisation of 2.54 billion has total of 165,221K Shares Outstanding. Its annual sales at the moment are 726,440 K in contrast with the sum of -61,290 K annual income. Company’s last quarter sales were recorded 241,960 K and last quarter income was 33,390 K.