Adicet Bio, Inc. (NASDAQ:ACET – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $48.80.
ACET has been the subject of several research analyst reports. HC Wainwright lowered their target price on shares of Adicet Bio from $50.00 to $27.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Wall Street Zen upgraded shares of Adicet Bio from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Jefferies Financial Group initiated coverage on shares of Adicet Bio in a report on Tuesday, May 5th. They issued a “buy” rating and a $19.00 target price for the company. Truist Financial upgraded shares of Adicet Bio to a “strong-buy” rating in a report on Wednesday, March 25th. Finally, Guggenheim lowered their target price on shares of Adicet Bio from $128.00 to $100.00 and set a “buy” rating for the company in a report on Friday, March 13th.
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Institutional Trading of Adicet Bio
Adicet Bio Trading Up 1.2%
NASDAQ ACET opened at $7.31 on Wednesday. The firm has a 50 day moving average of $7.74 and a two-hundred day moving average of $7.83. Adicet Bio has a 52 week low of $6.01 and a 52 week high of $17.44. The company has a quick ratio of 7.65, a current ratio of 7.66 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $68.35 million, a PE ratio of -0.49 and a beta of 1.56.
Adicet Bio (NASDAQ:ACET – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported ($1.88) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.93) by $1.05. As a group, research analysts expect that Adicet Bio will post -8.61 EPS for the current fiscal year.
Adicet Bio Company Profile
Adicet Bio, Inc (NASDAQ: ACET) is a clinical‐stage biotechnology company specializing in the development of off‐the‐shelf, allogeneic gamma delta (γδ) T cell therapies for oncology and autoimmune disorders. The company’s proprietary platform enables the genetic engineering of γδ T cells with chimeric antigen receptors (CARs) and other molecular modifications to enhance tumor targeting, expansion, and persistence. By leveraging the innate tumor-recognition properties of γδ T cells, Adicet seeks to overcome the manufacturing and safety challenges associated with autologous cell therapies.
Adicet’s lead product candidate, ADI-001, is a CAR‐engineered allogeneic γδ T cell therapy directed against CD20 for the treatment of relapsed or refractory B-cell malignancies.
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