Are Acadia Pharmaceuticals Inc’shares a good deal?

While Acadia Pharmaceuticals Inc has underperformed by -2.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACAD fell by -29.16%, with highs and lows ranging from $32.59 to $14.55, whereas the simple moving average fell by -25.08% in the last 200 days.

On August 07, 2024, Morgan Stanley Downgraded Acadia Pharmaceuticals Inc (NASDAQ: ACAD) to Equal-Weight. A report published by BMO Capital Markets on June 27, 2024, Initiated its previous ‘Outperform’ rating for ACAD. Needham also reiterated ACAD shares as ‘Buy’, quoting a target price of $32 on the company’s shares in a report dated March 12, 2024. Mizuho March 12, 2024d the rating to Neutral on March 12, 2024, and set its price target from $39 to $25. Robert W. Baird initiated its ‘Outperform’ rating for ACAD, as published in its report on January 30, 2024. Needham’s report from January 24, 2024 suggests a price prediction of $37 for ACAD shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Overweight’.

Analysis of Acadia Pharmaceuticals Inc (ACAD)

Further, the quarter-over-quarter increase in sales is 46.44%, showing a positive trend in the upcoming months.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Acadia Pharmaceuticals Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 6.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.95, 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.

As an indicator of volatility for any stock, average volume can also be very valuable, and ACAD is recording an average volume of 1.74M. On a monthly basis, the volatility of the stock is set at 3.30%, whereas on a weekly basis, it is put at 2.75%, with a loss of -4.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $25.11, showing growth from the present price of $14.72, which can serve as yet another indication of whether ACAD is worth investing in or should be passed over.

How Do You Analyze Acadia Pharmaceuticals Inc Shares?

Acadia Pharmaceuticals Inc (ACAD) is based in the USA and is one of the most prominent companies operating in the Biotechnology market. When comparing Acadia Pharmaceuticals Inc shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 82.46, there is a growth in quarterly earnings of 2854.41%.

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.76%. 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 97.59% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

ACAD shares are owned by institutional investors to the tune of 97.59% at present.