Commodore Capital LP recently announced the acquisition of new stake in Adicet Bio Inc (NASDAQ:ACET). This fresh investment now brings its stake to 9.85% valued currently at $8.03 million. In addition, Morgan Stanley & Co. LLC raised its holdings by 0.34 million to 2.69 million shares. And The Vanguard Group, Inc. has lifted its position by 0.23% or 3700.0 shares – to 1.65 million shares.
Currently, there are 70.16M common shares owned by the public and among those 49.39M shares have been available to trade.
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Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 1,801,400 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 81,399 shares.
The top 3 mutual fund holders in Adicet Bio Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Candriam Equities L – Oncology Im. Vanguard Total Stock Market ETF owns 0.97 million shares of the company’s stock, all valued at over $1.83 million. The company bought an additional 28229.0 shares recently to bring their total holdings to about 2.25% of the shares outstanding. iShares Russell 2000 ETF sold 2124.0 shares to see its total holdings shrink to 0.8 million shares valued at over $1.52 million and representing 1.86% of the shares outstanding. Candriam Equities L – Oncology Im sold -0.25 million shares to bring its total holdings to over 0.52 million shares at a value of $0.98 million. Candriam Equities L – Oncology Im now owns shares totaling to 1.20% of the shares outstanding.
However, the script later moved the day high at 3.0591, up 18.58%. The company’s stock has a 5-day price change of 20.97% and 134.38% over the past three months. ACET shares are trading 58.73% year to date (YTD), with the 12-month market performance down to -66.25% lower. It has a 12-month low price of $1.10 and touched a high of $9.52 over the same period. ACET has an average intraday trading volume of 870.70K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 18.52%, 65.08%, and 3.35% respectively.
Institutional ownership of Adicet Bio Inc (NASDAQ: ACET) shares accounts for 40.78% of the company’s 70.16M shares outstanding. Mutual fund holders own 22.91%, while other institutional holders and individual stakeholders account for 53.54% and 12.75% respectively.
It has a market capitalization of $210.48M and a beta (3y monthly) value of 1.95. The earnings-per-share (ttm) stands at -$3.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.89% over the week and 15.12% over the month.
Analysts forecast that Adicet Bio Inc (ACET) will achieve an EPS of -$0.7 for the current quarter, -$0.75 for the next quarter and -$2.64 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.78 while analysts give the company a high EPS estimate of -$0.45. Comparatively, EPS for the current quarter was -$0.72 a year ago. Earnings per share for the fiscal year are expected to decrease by -95.15%, and 19.30% over the next financial year. EPS should shrink at an annualized rate of 29.10% over the next five years, compared to 50.81% over the past 5-year period.
