Arcutis Biotherapeutics Inc (NASDAQ: ARQT) is 195.67% 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 $9.30 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $9.55, the stock is -5.88% and -2.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing 2.69% at the moment leaves the stock 13.03% off its SMA200. ARQT registered 79.85% gain for a year compared to 6-month gain of 1.60%. The firm has a 50-day simple moving average (SMA 50) of $9.7895 and a 200-day simple moving average (SMA200) of $8.48485.
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The stock witnessed a -12.22% loss in the last 1 month and extending the period to 3 months gives it a 2.69%, and is -1.34% 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 5.88% over the week and 6.80% over the month.
Arcutis Biotherapeutics Inc (ARQT) has around 296 employees, a market worth around $1.12B and $132.06M in sales. Profit margin for the company is -150.51%. Distance from 52-week low is 442.61% and -27.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.55%).
with sales reaching $36.87M over the same period.The EPS is expected to grow by 59.98% this year, but quarterly earnings will post 179.50% year-over-year. Quarterly sales are estimated to grow 12.30% in year-over-year returns.
Arcutis Biotherapeutics Inc (ARQT) Top Institutional Holders
248.0 institutions hold shares in Arcutis Biotherapeutics Inc (ARQT), with institutional investors hold 112.91% of the company’s shares. The shares outstanding are 116.89M, and float is at 101.35M with Short Float at 24.53%. Institutions hold 110.43% of the Float.
The top institutional shareholder in the company is JENNISON ASSOCIATES LLC with over 11.57 million shares valued at $107.62 million. The investor’s holdings represent 9.3712% of the ARQT Shares outstanding. As of 2024-06-30, the second largest holder is SUVRETTA CAPITAL MANAGEMENT, LLC with 10.0 million shares valued at $93.04 million to account for 8.1021 of the shares outstanding. The other top investors are RUBRIC CAPITAL MANAGEMENT LP which holds 9.82 million shares representing 7.95% and valued at over $91.3 million, while BLACKROCK INC. holds 7.7647 of the shares totaling 8.62 million with a market value of $80.19 million.
Arcutis Biotherapeutics Inc (ARQT) Insider Activity
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Arcutis Biotherapeutics Inc disclosed in a document filed with the SEC on Sep 24 ’24 that Topper David Joseph (Chief Financial Officer) sold a total of 11,626 shares of the company’s common stock. The trade occurred on Sep 24 ’24 and was made at $9.48 per share for $0.11 million. Following the transaction, the insider now directly holds 0.16 million shares of the ARQT stock.
Still, SEC filings show that on Sep 24 ’24, Topper David Joseph (Officer) Proposed Sale 11,626 shares at an average price of $9.48 for $0.11 million. The insider now directly holds shares of Arcutis Biotherapeutics Inc (ARQT).
