Arcellx (ACLX) Stock Price, News & Analysis

$52.69
-0.60 (-1.13%)
(As of 05/3/2024 08:51 PM ET)
Today's Range
$52.37
$55.85
50-Day Range
$50.02
$73.49
52-Week Range
$30.74
$75.10
Volume
402,900 shs
Average Volume
450,697 shs
Market Capitalization
$2.81 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$75.64

Arcellx MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
43.5% Upside
$75.64 Price Target
Short Interest
Bearish
10.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.68mentions of Arcellx in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$43.37 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.69) to ($1.65) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.06 out of 5 stars

Medical Sector

355th out of 904 stocks

Biological Products, Except Diagnostic Industry

48th out of 153 stocks

ACLX stock logo

About Arcellx Stock (NASDAQ:ACLX)

Arcellx, Inc., together with its subsidiary, engages in the development of various immunotherapies for patients with cancer and other incurable diseases in the United States. The company's lead ddCAR product candidate is anitocabtagene autoleucel, which is in phase 2 clinical trial for the treatment of patients with relapsed or refractory multiple myeloma (rrMM). It also develops ACLX-001, a product candidate in Phase 1 clinical trials targeting BCMA to treat rrMM; and ACLX-002, which is in Phase 1 clinical trials that targets CD123 for treating relapsed or refractory acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS). In addition, the company's preclinical product includes ACLX-003 for the treatment of AML and MDS. Further, it focuses on the development of product candidates for solid tumor programs. It has a strategic alliance with Kite Pharma, Inc. to co-develop and co-commercialize anitocabtagene autoleucel. The company was formerly known as Encarta Therapeutics, Inc. and changed its name to Arcellx, Inc. in January 2016. Arcellx, Inc. was incorporated in 2014 and is headquartered in Redwood City, California.

ACLX Stock Price History

ACLX Stock News Headlines

The asset beating inflation by 4x
"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.
Arcellx, Inc. (NASDAQ:ACLX) Sees Large Growth in Short Interest
The asset beating inflation by 4x
"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.
ACLX Apr 2024 70.000 call
William Blair Reaffirms Their Buy Rating on Arcellx Inc (ACLX)
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
5/06/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:ACLX
Fax
N/A
Employees
130
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$75.64
High Stock Price Target
$87.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+43.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
12 Analysts

Profitability

Net Income
$-70,690,000.00
Pretax Margin
-63.48%

Debt

Sales & Book Value

Annual Sales
$110.32 million
Book Value
$9.97 per share

Miscellaneous

Free Float
49,965,000
Market Cap
$2.81 billion
Optionable
Optionable
Beta
0.24
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Key Executives


ACLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Arcellx stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Arcellx in the last year. There are currently 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ACLX shares.
View ACLX analyst ratings
or view top-rated stocks.

What is Arcellx's stock price target for 2024?

12 brokerages have issued 12-month price targets for Arcellx's stock. Their ACLX share price targets range from $50.00 to $87.00. On average, they predict the company's stock price to reach $75.64 in the next twelve months. This suggests a possible upside of 43.5% from the stock's current price.
View analysts price targets for ACLX
or view top-rated stocks among Wall Street analysts.

How have ACLX shares performed in 2024?

Arcellx's stock was trading at $55.50 at the beginning of 2024. Since then, ACLX stock has decreased by 5.1% and is now trading at $52.69.
View the best growth stocks for 2024 here
.

Are investors shorting Arcellx?

Arcellx saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 4,030,000 shares, an increase of 6.9% from the March 31st total of 3,770,000 shares. Based on an average daily trading volume, of 459,700 shares, the days-to-cover ratio is currently 8.8 days. Currently, 10.1% of the company's stock are sold short.
View Arcellx's Short Interest
.

When is Arcellx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our ACLX earnings forecast
.

How were Arcellx's earnings last quarter?

Arcellx, Inc. (NASDAQ:ACLX) posted its quarterly earnings data on Wednesday, February, 28th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.53) by $0.95. The company earned $63.15 million during the quarter, compared to analysts' expectations of $20.07 million. Arcellx had a negative net margin of 64.08% and a negative trailing twelve-month return on equity of 20.96%. During the same quarter last year, the firm earned ($0.76) earnings per share.

When did Arcellx IPO?

Arcellx (ACLX) raised $132 million in an initial public offering (IPO) on Friday, February 4th 2022. The company issued 8,250,000 shares at $15.00-$17.00 per share.

Who are Arcellx's major shareholders?

Arcellx's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (0.07%), Congress Asset Management Co. MA (0.04%), Mirae Asset Global Investments Co. Ltd. (0.03%), Allspring Global Investments Holdings LLC (0.02%), China Universal Asset Management Co. Ltd. (0.02%) and High Net Worth Advisory Group LLC (0.02%). Insiders that own company stock include Christopher Heery, Enterprise Associates 15 New, Jill Carroll, Michelle Gilson, Olivia C Ware, Rami Elghandour, Scott D Sandell and Sr One Capital Management, Llc.
View institutional ownership trends
.

How do I buy shares of Arcellx?

Shares of ACLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ACLX) was last updated on 5/6/2024 by MarketBeat.com Staff

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