In Friday’s Wall Street session, Fate Therapeutics Inc (NASDAQ:FATE) shares traded at $4.08, up 4.62% from the previous session.
FATE stock price is now -33.05% away from the 50-day moving average and 0.79% away from the 200-day moving average. The market capitalization of the company currently stands at $464.39M.
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On January 24, 2023, H.C. Wainwright Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $115 to quote $7, while ‘Wedbush’ rates the stock as ‘Neutral’
In other news, Dulac Edward J III, Chief Financial Officer sold 2,447 shares of the company’s stock on Mar 04 ’24. The stock was sold for $19,013 at an average price of $7.77. Upon completion of the transaction, the Chief Financial Officer now directly owns 101,479 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, Chief Financial Officer Dulac Edward J III sold 1,849 shares of the business’s stock. A total of $9,245 was realized by selling the stock at an average price of $5.00. This leaves the insider owning 103,926 shares of the company worth $0.42 million. A total of 12.24% of the company’s stock is owned by insiders.
During the past 12 months, Fate Therapeutics Inc has had a low of $1.63 and a high of $8.83. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 8.69, and a quick ratio of 8.69.
The net profit margin was -2933.79% and return on equity was -42.07% for FATE. The company reported revenue of $1.93 million for the quarter, compared to $58.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -96.74 percent.
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