Aclaris Therapeutics Inc (NASDAQ:ACRS) shares traded -5.93% lower at $1.11 on Wall Street last session.
ACRS stock price is now -8.24% away from the 50-day moving average and -62.14% away from the 200-day moving average. The market capitalization of the company currently stands at $79.10M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Powell Andrew Kenneth William, Director bought 6,000 shares of the company’s stock on Mar 04 ’24. The stock was bought for $7,500 at an average price of $1.25. Upon completion of the transaction, the Director now directly owns 28,863 shares in the company, valued at $32037.93. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Director Powell Andrew Kenneth William bought 8,500 shares of the business’s stock. A total of $10,455 was incurred on buying the stock at an average price of $1.23. This leaves the insider owning 22,863 shares of the company worth $25377.93. A total of 8.09% of the company’s stock is owned by insiders.
During the past 12 months, Aclaris Therapeutics Inc has had a low of $0.59 and a high of $11.12. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 6.74, and a quick ratio of 6.74. The fifty day moving average price for ACRS is $1.2089 and a two-hundred day moving average price translates $2.894935 for the stock.
The latest earnings results from Aclaris Therapeutics Inc (NASDAQ: ACRS) was released for 2024-03-31. The net profit margin was -248.28% and return on equity was -48.47% for ACRS. The company reported revenue of $2.4 million for the quarter, compared to $2.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.14 percent.
