In Monday’s session, Aclaris Therapeutics Inc. (NASDAQ:ACRS) marked $7.83 per share, up from $7.79 in the previous session. While Aclaris Therapeutics Inc. has overperformed by 0.51%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACRS fell by -53.89%, with highs and lows ranging from $18.96 to $5.77, whereas the simple moving average fell by -29.61% in the last 200 days.
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On December 14, 2022, Stifel started tracking Aclaris Therapeutics Inc. (NASDAQ: ACRS) recommending Buy.
Analysis of Aclaris Therapeutics Inc. (ACRS)
Further, the quarter-over-quarter increase in sales is 26.70%, showing a positive trend in the upcoming months.
Aclaris Therapeutics Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -54.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.80, 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.
The average volume for any stock is also a very valuable indicator of volatility, and ACRS has an average volume of 671.28K. On a monthly basis, the volatility of the stock is set at 6.37%, whereas on a weekly basis, it is put at 5.42%, with a loss of -0.89% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.12, showing growth from the present price of $7.83, which can serve as yet another indication of whether ACRS is worth investing in or should be passed over.
How Do You Analyze Aclaris Therapeutics Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 0.20%. 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 96.50% 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 ACRS shares?
The recent increase in stakes in ACRS appears to be a result of several institutional investors and hedge funds increasing their positions. Wellington Management Co. LLP’s position in ACRS has increased by 3.60% in the first quarter. The company now owns 7,637,868 shares of the stock, with a value of $75.39 million, following the purchase of 265,267 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in ACRS during the first quarter, upping its stake by 13.04%.
At the end of the first quarter, Citadel Advisors LLC increased its ACRS holdings by 38.88% and now holds 3.59 million ACRS shares valued at $35.4 million with the added 1.0 million shares during the period. ACRS shares are owned by institutional investors to the tune of 96.50% at present.
