Arcellx Inc (NASDAQ: ACLX) is 71.66% higher on its value in year-to-date trading and has touched a low of $30.88 and a high of $93.48 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 ACLX stock was last observed hovering at around $93.00 in the last trading session, with the day’s gains setting it 2.27%.
Currently trading at $95.27, the stock is 13.55% and 26.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing 2.44% at the moment leaves the stock 51.41% off its SMA200. ACLX registered 170.96% gain for a year compared to 6-month gain of 74.81%. The firm has a 50-day simple moving average (SMA 50) of $75.0407 and a 200-day simple moving average (SMA200) of $62.922775.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 18.27% loss in the last 1 month and extending the period to 3 months gives it a 52.29%, and is 14.92% 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 4.05% over the week and 4.37% over the month.
Arcellx Inc (ACLX) has around 130 employees, a market worth around $5.12B and $144.75M in sales. Profit margin for the company is -37.23%. Distance from 52-week low is 208.52% and 1.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.07%).
The EPS is expected to grow by 5.85% this year
247.0 institutions hold shares in Arcellx Inc (ACLX), with institutional investors hold 109.42% of the company’s shares. The shares outstanding are 52.28M, and float is at 40.36M with Short Float at 9.81%. Institutions hold 95.47% of the Float.
The top institutional shareholder in the company is FMR LLC with over 6.49 million shares valued at $358.04 million. The investor’s holdings represent 12.2964 of the ACLX Shares outstanding. As of 2024-06-30, the second largest holder is PERCEPTIVE ADVISORS LLC with 3.89 million shares valued at $214.67 million to account for 7.3728 of the shares outstanding. The other top investors are PARADIGM BIOCAPITAL ADVISORS LP which holds 3.85 million shares representing 7.2939 and valued at over $212.38 million, while NEA MANAGEMENT COMPANY, LLC holds 7.0989 of the shares totaling 3.75 million with a market value of $206.7 million.
Arcellx Inc (ACLX) Insider Activity
The most recent transaction is an insider sale by Patel Kavita, the company’s Director. SEC filings show that Patel Kavita sold 1,500 shares of the company’s common stock on Oct 01 ’24 at a price of $82.24 per share for a total of $0.12 million. Following the sale, the insider now owns 0.0 shares.
Arcellx Inc disclosed in a document filed with the SEC on Sep 17 ’24 that Gilson Michelle (CHIEF FINANCIAL OFFICER) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Sep 17 ’24 and was made at $77.73 per share for $1.17 million. Following the transaction, the insider now directly holds 6915.0 shares of the ACLX stock.
Still, SEC filings show that on Sep 17 ’24, MICHELLE GILSON (Officer) Proposed Sale 15,000 shares at an average price of $77.01 for $1.16 million. The insider now directly holds shares of Arcellx Inc (ACLX).
