On Friday, Acumen Pharmaceuticals Inc (NASDAQ: ABOS) opened higher 3.82% from the last session, before settling in for the closing price of $1.31. Price fluctuations for ABOS have ranged from $0.86 to $3.36 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -54.87%. Company’s average yearly earnings per share was noted -25.72% at the time writing. With a float of $46.91 million, this company’s outstanding shares have now reached $60.57 million.
Acumen Pharmaceuticals Inc (ABOS) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Acumen Pharmaceuticals Inc is 22.56%, while institutional ownership is 54.12%. The most recent insider transaction that took place on Jan 23 ’25, was worth 49,633. In this transaction CFO & Chief Business Officer of this company sold 28,902 shares at a rate of $1.72, taking the stock ownership to the 231,744 shares. Before that another transaction happened on Jan 21 ’25, when Company’s CFO & Chief Business Officer sold 4,364 for $1.60, making the entire transaction worth $6,986. This insider now owns 260,646 shares in total.
Acumen Pharmaceuticals Inc (ABOS) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.5 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.3) by -0.2. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.51% during the next five years compared to -54.87% drop over the previous five years of trading.
Acumen Pharmaceuticals Inc (NASDAQ: ABOS) Trading Performance Indicators
Check out the current performance indicators for Acumen Pharmaceuticals Inc (ABOS). In the past quarter, the stock posted a quick ratio of 5.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.27, a number that is poised to hit -0.57 in the next quarter and is forecasted to reach -1.64 in one year’s time.
Technical Analysis of Acumen Pharmaceuticals Inc (ABOS)
Compared to the last year’s volume of 0.33 million, its volume of 0.21 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 32.50%.
During the past 100 days, Acumen Pharmaceuticals Inc’s (ABOS) raw stochastic average was set at 54.59%, which indicates a significant increase from 41.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.1011 in the past 14 days, which was higher than the 0.0944 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3640, while its 200-day Moving Average is $1.4414. Nevertheless, the first resistance level for the watch stands at $1.3800 in the near term. At $1.4000, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.4400. If the price goes on to break the first support level at $1.3200, it is likely to go to the next support level at $1.2800. Now, if the price goes above the second support level, the third support stands at $1.2600.
Acumen Pharmaceuticals Inc (NASDAQ: ABOS) Key Stats
There are currently 60,573K shares outstanding in the company with a market cap of 82.38 million. Presently, the company’s annual sales total 0 K according to its annual income of -102,330 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -40,950 K.
