Wednesday, January 27, 2021

Acasti Pharma Inc. [ACST] is 75.38% higher this YTD. Is it still time to buy?

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Acasti Pharma Inc. [NASDAQ: ACST] price surged by 27.09 percent to reach at $0.12. The company report on December 24, 2020 that Acasti Pharma Unaware of Any Material Change.

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At the request of IIROC, Acasti Pharma Inc. (“Acasti or the “Company”) (NASDAQ: ACST – TSX-V: ACST) wishes to confirm that the Company’s management and Board of Directors are unaware of any material change in the Company’s operations that would account for the recent increase in market activity.


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About Acasti.

A sum of 140140003 shares traded at recent session while its average daily volume was at 25.43M shares. Acasti Pharma Inc. shares reached a high of $0.6123 and dropped to a low of $0.4485 until finishing in the latest session at $0.57.

Guru’s Opinion on Acasti Pharma Inc. [ACST]:

Oppenheimer have made an estimate for Acasti Pharma Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on September 01, 2020. The new note on the price target was released on July 06, 2020, representing the official price target for Acasti Pharma Inc. stock.

The Average True Range (ATR) for Acasti Pharma Inc. is set at 0.07 The Price to Book ratio for the last quarter was 6.20.

ACST Stock Performance Analysis:

Acasti Pharma Inc. [ACST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 75.38. With this latest performance, ACST shares gained by 93.35% in over the last four-week period, additionally sinking by -19.54% over the last 6 months – not to mention a drop of -74.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACST stock in for the last two-week period is set at 68.51, with the RSI for the last a single of trading hit 71.00, and the three-weeks RSI is set at 66.49 for Acasti Pharma Inc. [ACST]. The present Moving Average for the last 50 days of trading for this stock 0.2775, while it was recorded at 0.4731 for the last single week of trading, and 0.4612 for the last 200 days.

Insight into Acasti Pharma Inc. Fundamentals:

Return on Total Capital for ACST is now -198.39, given the latest momentum, and Return on Invested Capital for the company is -216.98. Return on Equity for this stock declined to -217.64, with Return on Assets sitting at -86.29. When it comes to the capital structure of this company, Acasti Pharma Inc. [ACST] has a Total Debt to Total Equity ratio set at 1.13. Additionally, ACST Total Debt to Total Capital is recorded at 1.12, with Total Debt to Total Assets ending up at 0.64. Long-Term Debt to Equity for the company is recorded at 0.55, with the Long-Term Debt to Total Capital now at 0.54.

Acasti Pharma Inc. [ACST] Insider Position Details

There are presently around $1 million, or 1.66% of ACST stock, in the hands of institutional investors. The top three institutional holders of ACST stocks are: TWO SIGMA ADVISERS, LP with ownership of 283,800, which is approximately -22.119% of the company’s market cap and around 8.64% of the total institutional ownership; BANK OF MONTREAL /CAN/, holding 251,900 shares of the stock with an approximate value of $0.14 million in ACST stocks shares; and OPPENHEIMER & CO INC, currently with $0.11 million in ACST stock with ownership of nearly -1.816% of the company’s market capitalization.

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Positions in Acasti Pharma Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 5 institutional holders increased their position in Acasti Pharma Inc. [NASDAQ:ACST] by around 120,560 shares. Additionally, 13 investors decreased positions by around 1,553,893 shares, while 10 investors held positions by with 427,820 shares. The mentioned changes placed institutional holdings at 1,246,633 shares, according to the latest SEC report filing. ACST stock had 5 new institutional investments in for a total of 120,560 shares, while 6 institutional investors sold positions of 1,286,098 shares during the same period.

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