An Important Check-Up On Fate Therapeutics Inc (NASDAQ: FATE)

Fate Therapeutics Inc (FATE) concluded trading on Thursday at a closing price of $5.04, with 2.33 million shares of worth about $11.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 149.50% during that period and on April 18, 2024 the price saw a loss of about -4.36%. Currently the company’s common shares owned by public are about 98.63M shares, out of which, 86.74M shares are available for trading.

Stock saw a price change of -15.29% in past 5 days and over the past one month there was a price change of -28.00%. Year-to-date (YTD), FATE shares are showing a performance of 34.76% which decreased to -19.10% 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 $8.83 during that period. The average intraday trading volume for Fate Therapeutics Inc shares is 2.82 million. The stock is currently trading -23.87% below its 20-day simple moving average (SMA20), while that difference is down -26.96% for SMA50 and it goes to 23.30% higher than SMA200.

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Fate Therapeutics Inc (NASDAQ: FATE) currently have 98.63M outstanding shares and institutions hold larger chunk of about 103.91% of that.

The stock has a current market capitalization of $500.17M and its 3Y-monthly beta is at 1.74. It has posted earnings per share of -$1.63 in the same period. It has Quick Ratio of 8.48 while making debt-to-equity ratio of 0.28. 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 7.74% while standing at 7.56% 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 $7.05 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $RATE which is $FITE 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 $INNOVATE Corp. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -17.51% while it is estimated to increase by 9.20% 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. Coverage by H.C. Wainwright stated Fate Therapeutics Inc (FATE) stock as a Neutral in their note to investors on January 24, 2023, suggesting a price target of $7 for the stock. On January 06, 2023, Wedbush Downgrade their recommendations, while on January 06, 2023, Truist Downgrade their ratings for the stock with a price target of $7. Stock get a Hold rating from Stifel on January 06, 2023.

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