Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) is -8.53% lower on its value in year-to-date trading and has touched a low of $12.91 and a high of $129.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARCT stock was last observed hovering at around $42.11 in the last trading session, with the day’s loss setting it -2.43% off its average median price target of $82.50 for the next 12 months. It is also 75.2% off the consensus price target high of $160.00 offered by 13 analysts, but current levels are -13.37% lower than the price target low of $35.00 for the same period.
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Currently trading at $39.68, the stock is -12.17% and -31.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.54 million and changing -5.77% at the moment leaves the stock -31.78% off its SMA200. ARCT registered 205.47% gain for a year compared to 6-month gain of -7.27%. The firm has a 50-day simple moving average (SMA 50) of $50.01 and a 200-day simple moving average (SMA200) of $62.10.
The stock witnessed a -8.13% loss in the last 1 month and extending the period to 3 months gives it a -18.85%, and is 0.51% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.44% over the week and 8.15% over the month.
Arcturus Therapeutics Holdings Inc. (ARCT) has around 118 employees, a market worth around $1.06B and $9.50M in sales. Fwd P/E is 5.16. Distance from 52-week low is 207.24% and -69.41% from its 52-week high.
Arcturus Therapeutics Holdings Inc. (ARCT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Arcturus Therapeutics Holdings Inc. (ARCT) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.40, where 4 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Arcturus Therapeutics Holdings Inc. quarterly earnings per share for the current quarter are estimated at -$1.25 with sales reaching $2.54M over the same period.The EPS is expected to shrink by -65.00% this year, but quarterly earnings will post 922.00% year-over-year. Quarterly sales are estimated to shrink -4.00% in year-over-year returns.
Arcturus Therapeutics Holdings Inc. (ARCT) Top Institutional Holders
198 institutions hold shares in Arcturus Therapeutics Holdings Inc. (ARCT), with 4.74M shares held by insiders accounting for 18.02% while institutional investors hold 91.75% of the company’s shares. The shares outstanding are 24.92M, and float is at 21.45M with Short Float at 14.78%. Institutions hold 75.22% of the Float.
The top institutional shareholder in the company is ARK Investment Management, LLC with over 3.96 million shares valued at $171.74 million. The investor’s holdings represent 15.06% of the ARCT Shares outstanding. As of Dec 30, 2020, the second largest holder is Federated Hermes, Inc. with 3.45 million shares valued at $149.78 million to account for 13.14% of the shares outstanding. The other top investors are Blackrock Inc. which holds 1.78 million shares representing 6.78% and valued at over $77.3 million, while Price (T.Rowe) Associates Inc holds 5.41% of the shares totaling 1.42 million with a market value of $61.69 million.
Arcturus Therapeutics Holdings Inc. (ARCT) Insider Activity
The most recent transaction is an insider sale by Chivukula Pad ,the company’sChief Scientific Officer & COO. SEC filings show that Chivukula Pad sold 10,000 shares of the company’s common stock on Apr 01 at a price of $42.95 per share for a total of $0.43 million. Following the sale, the insider now owns 0.65 million shares.
Arcturus Therapeutics Holdings Inc. disclosed in a document filed with the SEC on Mar 01 that Chivukula Pad (Chief Scientific Officer & COO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $54.23 per share for $0.54 million. Following the transaction, the insider now directly holds 0.66 million shares of the ARCT stock.
Still, SEC filings show that on Feb 01, Chivukula Pad (Chief Scientific Officer & COO) disposed off 10,000 shares at an average price of $75.31 for $0.75 million. The insider now directly holds 672,548 shares of Arcturus Therapeutics Holdings Inc. (ARCT).