Arcutis Biotherapeutics (ARQT) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Arcutis Biotherapeutics in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ARQT shares.
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6 Wall Street analysts have issued 1-year price objectives for Arcutis Biotherapeutics' stock. Their ARQT share price forecasts range from $22.00 to $57.00. On average, they expect the company's share price to reach $43.43 in the next twelve months. This suggests a possible upside of 717.9% from the stock's current price.
View analysts price targets for ARQT or view top-rated stocks among Wall Street analysts.

Arcutis Biotherapeutics' stock was trading at $14.80 at the beginning of the year. Since then, ARQT shares have decreased by 64.1% and is now trading at $5.31.
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Arcutis Biotherapeutics saw a increase in short interest in September. As of September 15th, there was short interest totaling 13,280,000 shares, an increase of 6.4% from the August 31st total of 12,480,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 13.1 days. Approximately 29.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our ARQT earnings forecast.

Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) released its quarterly earnings data on Tuesday, August, 8th. The company reported ($1.16) earnings per share for the quarter, topping analysts' consensus estimates of ($1.22) by $0.06. The business earned $5.19 million during the quarter, compared to analysts' expectations of $4.87 million. Arcutis Biotherapeutics had a negative net margin of 2,837.94% and a negative trailing twelve-month return on equity of 188.88%.

Virtus LifeSci Biotech Clinical Trials ETF holds 10,172 shares of ARQT stock, representing 0.89% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arcutis Biotherapeutics investors own include Black Diamond Therapeutics (BDTX), Pfizer (PFE), Akero Therapeutics (AKRO), Advanced Micro Devices (AMD), Applied Therapeutics (APLT), Aptinyx (APTX), BioNTech (BNTX), ServiceNow (NOW), Qualys (QLYS) and AbbVie (ABBV).

(ARQT) raised $125 million in an initial public offering (IPO) on Friday, January 31st 2020. The company issued 7,800,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs, Cowen and Guggenheim Securities acted as the underwriters for the IPO and Cantor was co-manager.

Arcutis Biotherapeutics trades on the NASDAQ under the ticker symbol "ARQT."

Shares of ARQT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARQT stock can currently be purchased for approximately $5.31.

Arcutis Biotherapeutics (NASDAQ:ARQT) has a market capitalization of $327.38 million and generates $11.66 million in revenue each year. The company earns $-311,460,000.00 in net income (profit) each year or ($5.54) on an earnings per share basis.

The company employs 268 workers across the globe.

Arcutis Biotherapeutics' mailing address is 2945 TOWNSGATE ROAD SUITE 110, WESTLAKE VILLAGE CA, 91361. The official website for the company is www.arcutis.com. The company can be reached via phone at 805-418-5006 or via email at ir@arcutis.com.