Should You Sell Arcellx Inc (ACLX) And Go Away This Year?

Arcellx Inc (NASDAQ:ACLX) currently has a daily average trading volume of 780.49K but it saw 2394394 shares traded in last market. With a market cap of 3.61B USD, the company’s current market price of $65.54 came rising about 8.26 while comparing to the previous closing price of $60.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $107.37 and as low as $47.86.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Redburn Atlantic which initiated the stock as “Buy” in its note to investors issued on October 08, 2024, recommending a price target of $109 for it. Piper Sandler also issued its recommendations for the stock as it initiated the price target for the stock is $70.

Over the week, ACLX’s stock price is moving 11.05% up while it is 3.83% when we observe its performance for the past one month. Year-to-date it is -14.54% down and over the past year, the stock is showing an upside performance of 22.23%.

Currently, Arcellx Inc’s total number of outstanding shares is 55.07M with 2.29% of that held by the insiders while 114.37% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -35.10% and return on equity (ROE) at -35.56%. Stock’s beta reads 0.32. Stock has a price to book (P/B) ratio of 8.66 while price to sale or P/S ratio amounts to 47.02. Its return on asset (ROA) is -22.75% on average.