Fate Therapeutics Inc (FATE) concluded trading on Thursday at a closing price of $7.08, with 2.91 million shares of worth about $20.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 153.76% during that period and on Thursday the price saw a gain of about 9.09%. Currently the company’s common shares owned by public are about 97.29M shares, out of which, 92.59M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 443,844 shares in 3 of the transactions. In 8 selling transactions, insiders dumped 44,741 shares.
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Stock saw a price change of 15.88% in past 5 days and over the past one month there was a price change of 60.91%. Year-to-date (YTD), FATE shares are showing a performance of 89.30% which increased to 12.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.63 but also hit the highest price of $6.99 during that period. The average intraday trading volume for Fate Therapeutics Inc shares is 2.47 million. The stock is currently trading 25.67% above its 20-day simple moving average (SMA20), while that difference is up 64.56% for SMA50 and it goes to 90.07% higher than SMA200.
Fate Therapeutics Inc (NASDAQ: FATE) currently have 97.29M outstanding shares and institutions hold larger chunk of about 104.52% of that.
The stock has a current market capitalization of $698.09M and its 3Y-monthly beta is at 1.65. It has posted earnings per share of -$1.77 in the same period. It has Quick Ratio of 8.81 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FATE, volatility over the week remained 7.93% while standing at 11.56% over the month.
Analysts are in expectations that Fate Therapeutics Inc (FATE) stock would likely to be making an EPS of $FAT Brands Inc. in the current quarter, while forecast for next quarter EPS is $9.18 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $FaZe Holdings Inc. which is $INNOVATE Corp. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $RATE in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 40.98% while it is estimated to decrease by -18.27% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on March 27, 2023 offering an Equal weight rating for the stock and assigned a target price of $6 to it.
