Arcutis Biotherapeutics Inc (NASDAQ: ARQT) is 146.75% higher on its value in year-to-date trading and has touched a low of $1.76 and a high of $13.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARQT stock was last observed hovering at around $7.88 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $7.97, the stock is -7.83% and -14.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing 1.14% at the moment leaves the stock 25.79% off its SMA200. ARQT registered -6.89% loss for a year compared to 6-month gain of 255.80%.
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The stock witnessed a 0.25% loss in the last 1 month and extending the period to 3 months gives it a -23.66%, and is -7.22% down 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 6.98% over the week and 7.55% over the month.
Arcutis Biotherapeutics Inc (ARQT) has around 296 employees, a market worth around $922.61M and $106.39M in sales. Profit margin for the company is -204.36%. Distance from 52-week low is 352.84% and -39.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.45%).
The EPS is expected to grow by 55.07% this year
The shares outstanding are 96.79M, and float is at 90.32M with Short Float at 24.55%.
Arcutis Biotherapeutics Inc (ARQT) Insider Activity
The most recent transaction is an insider sale by Burnett Patrick, the company’s. SEC filings show that Burnett Patrick sold 23,000 shares of the company’s common stock on May 30 ’24 at a price of $8.75 per share for a total of $0.2 million. Following the sale, the insider now owns 0.21 million shares.
Arcutis Biotherapeutics Inc disclosed in a document filed with the SEC on May 29 ’24 that Burnett Patrick () sold a total of 49,952 shares of the company’s common stock. The trade occurred on May 29 ’24 and was made at $8.72 per share for $0.44 million. Following the transaction, the insider now directly holds 0.21 million shares of the ARQT stock.
Still, SEC filings show that on May 28 ’24, Matsuda Masaru disposed off 1,775 shares at an average price of $9.01 for $15988.0. The insider now directly holds 188,508 shares of Arcutis Biotherapeutics Inc (ARQT).
