Fate Therapeutics Inc [NASDAQ: FATE] traded at a high on Monday, posting a 12.61 gain after which it closed the day’ session at $1.25.
The results of the trading session contributed to over 5748075 shares changing hands. Over the past one week, the price volatility of Fate Therapeutics Inc stands at 21.90% while the volatility over the past one month is 14.06%.
The market cap for FATE stock reached $143.25 million, with 113.93 million shares outstanding and 103.49 million shares in the current float. Compared to the average trading volume of 2.22M shares, FATE reached a trading volume of 5748075 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $6.72 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 2.42. 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.
BofA Securities have made an estimate for Fate Therapeutics Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 18, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $4 to $6. The new note on the price target was released on June 17, 2024, representing the official price target for Fate Therapeutics Inc stock. Previously, the target price had yet another raise to $6, while Wells Fargo analysts kept a Equal Weight rating on FATE stock. On January 24, 2023, analysts decreased their price target for FATE shares from 115 to 7.
The Average True Range (ATR) for Fate Therapeutics Inc is set at 0.14, with the Price to Sales ratio for FATE stock in the period of the last 12 months amounting to 10.51. The Price to Book ratio for the last quarter was 0.45, with the Price to Cash per share for the same quarter was set at 2.44.
How has FATE stock performed recently?
Fate Therapeutics Inc [FATE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.92. With this latest performance, FATE shares gained by 33.45% in over the last four-week period, additionally sinking by -61.06% over the last 6 months – not to mention a drop of -76.28% 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 63.39, with the RSI for the last a single of trading hit 69.54, and the three-weeks RSI is set at 57.99 for Fate Therapeutics Inc [FATE]. The present Moving Average for the last 50 days of trading for this stock 1.0514, while it was recorded at 1.0909 for the last single week of trading, and 2.4524 for the last 200 days.
Fate Therapeutics Inc [FATE]: Deeper insight into the fundamentals
Fate Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.58 and a Current Ratio set at 7.58.
Earnings analysis for Fate Therapeutics Inc [FATE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FATE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fate Therapeutics Inc go to 7.78%.
Insider trade positions for Fate Therapeutics Inc [FATE]
There are presently around $89.86%, or 91.91%% of FATE stock, in the hands of institutional investors. The top three institutional holders of FATE stocks are: REDMILE GROUP, LLC with ownership of 13.17 million shares, which is approximately 11.2107%. VANGUARD GROUP INC, holding 10.57 million shares of the stock with an approximate value of $$34.67 million in FATE stocks shares; and VANGUARD GROUP INC, currently with $$33.18 million in FATE stock with ownership which is approximately 8.6118%.
