ACET Stock Summary and Trading Ideas (Adicet Bio | NASDAQ:ACET)

Adicet Bio Inc is a clinical-stage biotechnology company discovering and developing allogeneic gamma delta T cell therapies for cancer and other diseases. Its lead product candidate, ADI-001, a first-in-class allogeneic gamma delta T cell therapy expressing a CAR targeting CD20, is being developed for the potential treatment of autoimmune diseases and relapsed or refractory aggressive B cell non-Hodgkin's lymphoma. Their pipeline also includes its lead preclinical candidate, ADI-270, an armored gamma delta CAR T cell product candidate targeting renal cell carcinoma, with potential for other CD70+ solid tumor and hematological malignancies indications.

Adicet Bio trades on the NASDAQ stock market under the symbol ACET.

As of April 15, 2024, ACET stock price climbed to $2.20 with 484,825 million shares trading.

ACET has a beta of 0.95, meaning it tends to be less sensitive to market movements. ACET has a correlation of 0.01 to the broad based SPY ETF.

ACET has a market cap of $180.74 million. This is considered a Micro Cap stock.

Last quarter Adicet Bio reported $0 in Revenue and -$.69 earnings per share. This fell short of revenue expectation by $-620,000 and met earnings estimates .

In the last 3 years, ACET stock traded as high as $21.87 and as low as $1.10.

The top ETF exchange traded funds that ACET belongs to (by Net Assets): VTI, IWM, VXF, IWN, FESM.

ACET has underperformed the market in the last year with a price return of -58.3% while the SPY ETF gained +25.3%. ACET has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -33.9% and -6.4%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

ACET support price is $2.06 and resistance is $2.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACET stock will trade within this expected range on the day.