Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Adicet Bio Inc’s current trading price is -77.47% away from its 52-week high, while its distance from the 52-week low is 53.64%. The stock’s price range during this period has varied between $1.10 and $7.50. The company, active in the Healthcare sector, saw a trading volume of around 3.09 million for the day, considerably higher average daily volume of 1.45 million observed over the last three months.
Adicet Bio Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $7.50 on 05/10/23, and the lowest price during that time was $1.10, recorded on 11/29/23.
How Financial Performance Impacts Market Capitalization
Adicet Bio Inc (ACET) has experienced a quarterly decline of -45.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 138.87M and boasts a workforce of 143 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.3033, with a change in price of +0.3700. Similarly, Adicet Bio Inc recorded 1,526,309 in trading volume during the last 100 days, posting a change of +28.03%.
How ACET’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ACET stands at 0.12. Similarly, the long-term debt-to-equity ratio is also 0.10.
ACET Stock Stochastic Average
As of today, the raw stochastic average of Adicet Bio Inc over the past 50 days is 24.59%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 31.25%. Additionally, the Stochastic %K and %D values for the company were 13.19% and 7.66%, respectively, over the past 20 days.
ACET Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -10.58%. However, over the past six months, we’ve seen a weaker performance of 14.19%. The price of ACET leaped by -24.89% over the last 30 days. And in the last five days, it has surged by 6.29%.
