While Acumen Pharmaceuticals Inc has underperformed by -2.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ABOS fell by -56.92%, with highs and lows ranging from $6.37 to $1.81, whereas the simple moving average fell by -14.90% in the last 200 days.
On July 26, 2024, Citigroup started tracking Acumen Pharmaceuticals Inc (NASDAQ: ABOS) recommending Buy. A report published by Deutsche Bank on December 12, 2023, Initiated its previous ‘Buy’ rating for ABOS. BofA Securities also rated ABOS shares as ‘Buy’, setting a target price of $14 on the company’s shares in an initiating report dated July 20, 2023. Cantor Fitzgerald Initiated an Overweight rating on May 18, 2023, and assigned a price target of $13. BTIG Research initiated its ‘Buy’ rating for ABOS, as published in its report on July 15, 2022. H.C. Wainwright’s report from June 30, 2022 suggests a price prediction of $15 for ABOS shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Buy’.
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Analysis of Acumen Pharmaceuticals Inc (ABOS)
Acumen Pharmaceuticals Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -31.42% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 17.37, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ABOS has an average volume of 429.98K. On a monthly basis, the volatility of the stock is set at 7.51%, whereas on a weekly basis, it is put at 5.83%, with a loss of -5.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.20, showing growth from the present price of $2.74, which can serve as yet another indication of whether ABOS is worth investing in or should be passed over.
How Do You Analyze Acumen Pharmaceuticals Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 25.05%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 64.26% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ABOS shares are owned by institutional investors to the tune of 64.26% at present.
