A look into Arcellx Inc (ACLX)’s deeper side

With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.66 million shares. The 52-week range on ACLX shows that it touched its highest point at $107.37 and its lowest point at $47.88 during that stretch. It currently has a 1-year price target of $115.56. Beta for the stock currently stands at 0.29.

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 ACLX was up-trending over the past week, with a rise of 15.15%, but this was up by 5.69% over a month. Three-month performance dropped to -15.99% while six-month performance rose 2.49%. The stock lost -1.14% in the past year, while it has lost -5.96% so far this year. A look at the trailing 12-month EPS for ACLX yields -1.99 with Next year EPS estimates of -2.45. For the next quarter, that number is -0.76. This implies an EPS growth rate of -51.85% for this year and 19.30% for next year. EPS is expected to decline by -9.56% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -31.14%.

Float and Shares Shorts:

At present, 54.29 million ACLX shares are outstanding with a float of 40.31 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 ACLX since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 -$0.996 being high and -$2.04281 being low. For ACLX, this leads to a yearly average estimate of -$1.60579. Based on analyst estimates, the high estimate for the next quarter is -$0.64 and the low estimate is -$1.14. The average estimate for the next quarter is thus -$0.79.