While Arcus Biosciences Inc has overperformed by 0.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RCUS rose by 4.55%, with highs and lows ranging from $20.31 to $12.95, whereas the simple moving average jumped by 6.20% in the last 200 days.
On October 08, 2024, Wells Fargo started tracking Arcus Biosciences Inc (NYSE: RCUS) recommending Overweight. A report published by BofA Securities on November 18, 2022, Initiated its previous ‘Neutral’ rating for RCUS. Morgan Stanley also rated RCUS shares as ‘Overweight’, setting a target price of $40 on the company’s shares in an initiating report dated October 11, 2022. BTIG Research Initiated an Buy rating on October 15, 2021, and assigned a price target of $57. Berenberg initiated its ‘Buy’ rating for RCUS, as published in its report on November 24, 2020. Cantor Fitzgerald also rated the stock as ‘Overweight’.
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Analysis of Arcus Biosciences Inc (RCUS)
Further, the quarter-over-quarter increase in sales is 34.48%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Arcus Biosciences Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -41.47% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.14, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and RCUS is recording an average volume of 568.38K. On a monthly basis, the volatility of the stock is set at 4.91%, whereas on a weekly basis, it is put at 6.21%, with a gain of 13.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.67, showing growth from the present price of $17.47, which can serve as yet another indication of whether RCUS is worth investing in or should be passed over.
How Do You Analyze Arcus Biosciences Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 47.43%. 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 52.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RCUS shares are owned by institutional investors to the tune of 52.93% at present.
