With 2.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.95 million shares. The 52-week range on FATE shows that it touched its highest point at $8.83 and its lowest point at $1.04 during that stretch. It currently has a 1-year price target of $6.62. Beta for the stock currently stands at 2.24.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FATE was down-trending over the past week, with a drop of -19.61%, but this was down by -7.52% over a month. Three-month performance dropped to -44.59% while six-month performance fell -67.37%. The stock lost -82.12% in the past year, while it has lost -25.45% so far this year. A look at the trailing 12-month EPS for FATE yields -1.65 with Next year EPS estimates of -1.69. For the next quarter, that number is -0.44. This implies an EPS growth rate of 0.95% for this year and -4.13% for next year. EPS is expected to grow by 1.43% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.65%.
Float and Shares Shorts:
At present, 113.88 million FATE shares are outstanding with a float of 97.88 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FATE since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.17599 being high and -$1.89354 being low. For FATE, this leads to a yearly average estimate of -$1.62446. Based on analyst estimates, the high estimate for the next quarter is -$0.38 and the low estimate is -$0.5. The average estimate for the next quarter is thus -$0.45.
