While Arcturus Therapeutics Holdings Inc has underperformed by -3.88%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ARCT rose by 2.19%, with highs and lows ranging from $45.00 to $17.26, whereas the simple moving average fell by -28.25% in the last 200 days.
On August 12, 2024, Leerink Partners started tracking Arcturus Therapeutics Holdings Inc (NASDAQ: ARCT) recommending Outperform. A report published by Canaccord Genuity on December 13, 2023, Initiated its previous ‘Buy’ rating for ARCT. William Blair also rated ARCT shares as ‘Outperform’, setting a target price of $71 on the company’s shares in an initiating report dated July 24, 2023. H.C. Wainwright May 11, 2023d the rating to Buy on May 11, 2023, and set its price target from $19 to $51. Wells Fargo initiated its ‘Overweight’ rating for ARCT, as published in its report on November 14, 2022. Robert W. Baird’s report from November 10, 2022 suggests a price prediction of $18 for ARCT shares, giving the stock a ‘Underperform’ rating. Citigroup also rated the stock as ‘Buy’.
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Analysis of Arcturus Therapeutics Holdings Inc (ARCT)
Further, the quarter-over-quarter decrease in sales is -10.52%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Arcturus Therapeutics Holdings 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 -21.96% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.76, 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 ARCT is recording an average volume of 357.01K. On a monthly basis, the volatility of the stock is set at 5.47%, whereas on a weekly basis, it is put at 6.49%, with a gain of 6.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $74.02, showing growth from the present price of $19.58, which can serve as yet another indication of whether ARCT is worth investing in or should be passed over.
How Do You Analyze Arcturus Therapeutics Holdings 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 8.60%. 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 94.79% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ARCT shares are owned by institutional investors to the tune of 94.79% at present.
