Shares of ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) recorded 4.91% gain during trading session on January 10th, 2019. The script traded as low as $19.35 and last traded at $20.71. 2.52 million shares changed exchanged hands during trading, a drop of -0.96% from the 30-day average session volume of 2.50M shares. The firm had previously closed at $19.74. The company has $133.81M outstanding shares, price-to-earnings-growth ratio of 13.34 and a beta of 3.08. The company has a RSI of 66.20, ATR of 1.24 and a volatility of 7.37% this week. ACAD has a 52 week low price of $12.77 and a 52 week high price of $32.99.
Investors have identified the tech company ACADIA Pharmaceuticals Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 2.77B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ACADIA Pharmaceuticals Inc. (ACAD) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ACAD, the company has in raw cash 63.9 million on their books with 41.81 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 0 total, with 223.44 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
ACAD were able to record 129.97 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 4.89 million. In cash movements, the company had a total of 128.39 million as operating cash flow.
Potential earnings growth for ACADIA Pharmaceuticals Inc. (ACAD)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, ACADIA Pharmaceuticals Inc. recorded a total of 58.31 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.39% coming in sequential stages and their sales for the third quarter increasing by 0.02%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 3.84 million trying to sell their products during the last quarter, with the result yielding a gross income of 54.47 million. This allows shareholders to hold on to 133.81M with the revenue now reading -500 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.56 cents a share).
Is the stock of ACAD attractive?
Having a look at the company’s valuation, the company is expected to record -1.77 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ACAD sounds very interesting.
In related news, Director BAKER BROS. ADVISORS LP bought 11,764,705 shares of the company’s stock in a transaction that recorded on November 30th, 2019. The purchase was performed at an average price of 17.00, for a total value of 199,999,985. As the purchase deal closes, the Director BAKER BROS. ADVISORS LP now bought 1,210,776 shares of the company’s stock, valued at 22,646,989. Also, Director SOLAND DANIEL B bought 3,000 shares of the company’s stock in a deal that was recorded on March 2nd, 2019. The shares were bought at an average cost of 22.52 per share, with a total market value of 10,000. Following this completion of disposal, the Director now holds 7,000 shares of the company’s stock, valued at 167,350. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
0 out of 10 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on ACADIA Pharmaceuticals Inc. stock. 0 analysts has assigned a Sell rating on the ACAD stock. The 12-month mean consensus price target for the company’s shares has been set at $31.36.