Arcellx (ACLX) Stock Price, News & Analysis

$52.79
+1.07 (+2.07%)
(As of 05/16/2024 ET)
Today's Range
$51.00
$53.11
50-Day Range
$49.74
$73.49
52-Week Range
$30.74
$75.10
Volume
538,361 shs
Average Volume
455,828 shs
Market Capitalization
$2.82 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$78.73

Arcellx MarketRank™ Stock Analysis

Analyst Rating
Buy
3.08 Rating Score
Upside/​Downside
49.1% Upside
$78.73 Price Target
Short Interest
Bearish
8.89% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.56mentions of Arcellx in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$42.97 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.68) to ($1.82) 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.

2.99 out of 5 stars

Medical Sector

393rd out of 929 stocks

Biological Products, Except Diagnostic Industry

53rd out of 155 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

Arcellx (NASDAQ:ACLX) Upgraded to "Strong-Buy" at Evercore ISI
Arcellx (NASDAQ:ACLX) Trading 6.6% Higher Following Analyst Upgrade
Evercore ISI Initiates Coverage on Arcellx (NASDAQ:ACLX)
Arcellx (NASDAQ:ACLX) PT Lowered to $80.00
Truist Financial Reaffirms Their Buy Rating on Arcellx Inc (ACLX)
Analyst Expectations For Arcellx's Future
Arcellx (NASDAQ:ACLX) Trading Down 6.1%
Barclays Reaffirms Their Buy Rating on Arcellx Inc (ACLX)
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Today
5/16/2024
Next Earnings (Estimated)
8/12/2024
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
$78.73
High Stock Price Target
$87.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+49.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
13 Analysts

Profitability

Net Income
$-70,690,000.00
Pretax Margin
-38.13%

Debt

Sales & Book Value

Annual Sales
$110.32 million
Book Value
$9.28 per share

Miscellaneous

Free Float
50,164,000
Market Cap
$2.82 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?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arcellx in the last twelve months. There are currently 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

13 Wall Street research analysts have issued twelve-month target prices for Arcellx's shares. Their ACLX share price targets range from $52.00 to $87.00. On average, they expect the company's share price to reach $78.73 in the next twelve months. This suggests a possible upside of 49.1% 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 the year. Since then, ACLX shares have decreased by 4.9% and is now trading at $52.79.
View the best growth stocks for 2024 here
.

When is Arcellx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 12th 2024.
View our ACLX earnings forecast
.

How were Arcellx's earnings last quarter?

Arcellx, Inc. (NASDAQ:ACLX) released its quarterly earnings data on Thursday, May, 9th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.51) by $0.37. The firm had revenue of $39.26 million for the quarter, compared to the consensus estimate of $20.67 million. Arcellx had a negative net margin of 38.39% and a negative trailing twelve-month return on equity of 13.11%. The firm's quarterly revenue was up 119.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.58) EPS.

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 a price of $15.00-$17.00 per share.

Who are Arcellx's major shareholders?

Arcellx's stock is owned by many different retail and institutional investors. Top institutional investors include SR One Capital Management LP (4.39%), Vanguard Group Inc. (4.18%), Janus Henderson Group PLC (2.85%), Price T Rowe Associates Inc. MD (2.51%), Lord Abbett & CO. LLC (2.25%) and Affinity Asset Advisors LLC (0.56%). 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 5/17/2024 by MarketBeat.com Staff

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