Fate Therapeutics Inc. [FATE] Stock trading around $5.40 per share: What’s Next?

Fate Therapeutics Inc. [NASDAQ: FATE] price plunged by -0.55 percent to reach at -$0.03. The company report on January 5, 2023 that Fate Therapeutics Announces Termination of Collaboration Agreement with Janssen, Pipeline Prioritization, Next-Generation Programs, and Key 2023 Initiatives.

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Ended 2022 with Approximately $475 Million in Cash, Cash Equivalents & Receivables; 3-year Operational Runway Provided through Pipeline Prioritization and Expense Reduction.

Advancing Second-generation CD19-targeted CAR NK Cell Program with Five Novel Synthetic Controls Designed to Increase Potency, Extend Functional Persistence, and Reduce Patient Conditioning for Treatment of Hematologic Malignancies and Severe Autoimmune Disorders; IND Submission Planned in Mid-2023 for NHL in Combination with CD20-targeted mAb; FT596 Product Candidate to be Discontinued.

A sum of 2599365 shares traded at recent session while its average daily volume was at 3.23M shares. Fate Therapeutics Inc. shares reached a high of $5.45 and dropped to a low of $5.17 until finishing in the latest session at $5.40.

The one-year FATE stock forecast points to a potential upside of 69.27. The average equity rating for FATE stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Fate Therapeutics Inc. [FATE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FATE shares is $17.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FATE stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for Fate Therapeutics Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 24, 2023. While these analysts kept the previous recommendation, Wedbush raised their target price from $42 to $7. The new note on the price target was released on January 06, 2023, representing the official price target for Fate Therapeutics Inc. stock. Previously, the target price had yet another drop from $46 to $7, while Truist kept a Hold rating on FATE stock. On January 06, 2023, analysts decreased their price target for FATE shares from 107 to 5.30.

The Average True Range (ATR) for Fate Therapeutics Inc. is set at 0.88, with the Price to Sales ratio for FATE stock in the period of the last 12 months amounting to 7.86. The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 5.03.

FATE Stock Performance Analysis:

Fate Therapeutics Inc. [FATE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.06. With this latest performance, FATE shares dropped by -53.69% in over the last four-week period, additionally sinking by -82.79% over the last 6 months – not to mention a drop of -86.34% 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 FATE stock in for the last two-week period is set at 25.54, with the RSI for the last a single of trading hit 26.68, and the three-weeks RSI is set at 26.40 for Fate Therapeutics Inc. [FATE]. The present Moving Average for the last 50 days of trading for this stock 13.67, while it was recorded at 5.50 for the last single week of trading, and 23.21 for the last 200 days.

Insight into Fate Therapeutics Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Fate Therapeutics Inc. [FATE] shares currently have an operating margin of -388.56 and a Gross Margin at +89.52. Fate Therapeutics Inc.’s Net Margin is presently recorded at -379.89.

Return on Equity for this stock declined to -39.90, with Return on Assets sitting at -27.48.

Fate Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.20 and a Current Ratio set at 5.20.

Fate Therapeutics Inc. [FATE] Insider Position Details

There are presently around $542 million, in the hands of institutional investors. The top three institutional holders of FATE stocks are: REDMILE GROUP, LLC with ownership of 12,957,222, which is approximately 0% of the company’s market cap and around 1.00% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 8,231,312 shares of the stock with an approximate value of $44.45 million in FATE stocks shares; and BLACKROCK INC., currently with $42.75 million in FATE stock with ownership of nearly 6.762% of the company’s market capitalization.

Positions in Fate Therapeutics Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 114 institutional holders increased their position in Fate Therapeutics Inc. [NASDAQ:FATE] by around 5,428,235 shares. Additionally, 115 investors decreased positions by around 15,193,694 shares, while 40 investors held positions by with 79,836,210 shares. The mentioned changes placed institutional holdings at 100,458,139 shares, according to the latest SEC report filing. FATE stock had 35 new institutional investments in for a total of 2,362,208 shares, while 34 institutional investors sold positions of 804,909 shares during the same period.


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