An Evaluation Of Adicet Bio Inc (NASDAQ: ACET) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

ACET belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Adicet Bio Inc is $112.57M. A total of 0.74 million shares were traded on the day, compared to an average of 1.04M shares.

In the most recent transaction, Kauffman Michael sold 5,900 shares of ACET for 1.43 per share on Jun 05 ’24. After the transaction, the Director now owns 5,900 company shares. In a previous transaction on Jan 25 ’24, ORBIMED ADVISORS LLC bought 3,125,000 shares at 2.40 per share. ACET shares that Director owns now total 7,526,359.

Among the insiders who bought shares, GORDON CARL L acquired of 3,125,000 shares on Jan 25 ’24 at a per-share price of $2.40. This resulted in the Director holding 7,526,359 shares of ACET after the transaction. In another insider transaction, Schor Chen bought 5,500 shares at $1.42 per share on Sep 28 ’23. Company shares held by the President & CEO now total 182,469.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ACET has a high of $3.77 and a low of $1.05.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ACET’s latest balance sheet shows that the firm has $277.54M in Cash & Short Term Investments as of fiscal 2021. There were $20.94M in debt and $16.32M in liabilities at the time. Its Book Value Per Share was $2.85, while its Total Shareholder’s Equity was $303.13M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACET is Buy with a score of 4.50.

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