Arcellx Inc (ACLX): A Case For Going Higher

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Arcellx to Participate at the TD Cowen 44th Annual Health Care Conference.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Arcellx Inc is $3.70B. A total of 0.62 million shares were traded on the day, compared to an average of 546.44K shares.

In the most recent transaction, Elghandour Rami sold 11,169 shares of ACLX for 64.46 per share on Feb 12 ’24. After the transaction, the insider now owns 92,339 company shares. In a previous transaction on Feb 12 ’24, Heery Christopher sold 2,967 shares at 64.46 per share. ACLX shares that CHIEF MEDICAL OFFICER owns now total 30,303.

Among the insiders who sold shares, Elghandour Rami disposed of 13,886 shares on Feb 09 ’24 at a per-share price of $63.40. This resulted in the insider holding 103,508 shares of ACLX after the transaction. In another insider transaction, Heery Christopher sold 3,688 shares at $63.40 per share on Feb 09 ’24. Company shares held by the CHIEF MEDICAL OFFICER now total 33,270.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ACLX has a high of $73.30 and a low of $26.32.

As of this writing, ACLX has an earnings estimate of -$0.58 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.95. The company reported an EPS of -$0.81 in the last quarter, which was -50.00% lower than expectations of -$0.54.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ACLX’s latest balance sheet shows that the firm has $104.62M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $14.85M in liabilities at the time. Its Book Value Per Share was $9.28, while its Total Shareholder’s Equity was -$121.52M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 ACLX is Buy with a score of 4.93.

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