A share of Acer Therapeutics Inc. (NASDAQ:ACER) closed at $0.90 per share on Wednesday, up from $0.85 day before. While Acer Therapeutics Inc. has overperformed by 5.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACER fell by -60.18%, with highs and lows ranging from $4.56 to $0.65, whereas the simple moving average fell by -43.48% in the last 200 days.
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Analysis of Acer Therapeutics Inc. (ACER)
Acer Therapeutics Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. Taking into account the quick ratio of the company, currently set at 0.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and ACER is registering an average volume of 324.38K. On a monthly basis, the volatility of the stock is set at 8.61%, whereas on a weekly basis, it is put at 11.17%, with a gain of 11.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.00, showing growth from the present price of $0.90, which can serve as yet another indication of whether ACER is worth investing in or should be passed over.
How Do You Analyze Acer Therapeutics Inc. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 19.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 26.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in ACER shares?
The recent increase in stakes in ACER appears to be a result of several institutional investors and hedge funds increasing their positions. The company now owns 2,204,694 shares of the stock, with a value of $1.94 million, following the purchase of 2,204,694 additional shares during the last quarter. Nantahala Capital Management LLC made another decreased to its shares in ACER during the first quarter, downing its stake by -1.88%. During the last quarter, the company picked up -23,065 additional shares for a total stake of worth $1.06 million, bringing number of shares owned by the company to 1,203,126.
At the end of the first quarter, Renaissance Technologies LLC increased its ACER holdings by 91.11% and now holds 0.11 million ACER shares valued at $98160.0 with the added 53300.0 shares during the period. ACER shares are owned by institutional investors to the tune of 26.10% at present.
