ACRS Stock Summary and Trading Ideas (Aclaris Therapeutics | NASDAQ:ACRS)

Aclaris Therapeutics Inc is a clinical-stage biopharmaceutical company that operates in the United States. It focuses on developing novel drug candidates for immuno-inflammatory diseases. The company operates in two segments: therapeutics and contract research. The therapeutics segment is focused on identifying and developing inventive therapies to address unmet needs for immuno-inflammatory diseases. The contract research segment earns revenue from the provision of laboratory services. The majority of its revenue comes from the contract research segment, which provides laboratory services. Its drug candidates under development are Zunsemetinib, which is an Oral MK2 Inhibitor; ATI-2138 is an ITJ Inhibitor; and ATI-1777.

Aclaris Therapeutics trades on the NASDAQ stock market under the symbol ACRS.

As of November 4, 2024, ACRS stock price climbed to $2.17 with 1,780,885 million shares trading.

ACRS has a beta of -2.51, meaning it tends to be less sensitive to market movements. ACRS has a correlation of 0.03 to the broad based SPY ETF.

ACRS has a market cap of $154.82 million. This is considered a Micro Cap stock.

Last quarter Aclaris Therapeutics reported $3 million in Revenue and -$.15 earnings per share. This beat revenue expectation by $946,000 and exceeded earnings estimates by $.05.

In the last 3 years, ACRS traded as high as $18.96 and as low as $.59.

The top ETF exchange traded funds that ACRS belongs to (by Net Assets): VTI, IBB, VXF, IWC, ONEQ.

ACRS has underperformed the market in the last year with a return of -57.4%, while SPY returned +36.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ACRS shares. However, ACRS has outperformed the market in the last 3 month and 2 week periods, returning +64.4% and +82.4%, while SPY returned +5.3% and -2.5%, respectively. This indicates ACRS has been having a stronger performance recently.

ACRS support price is $1.97 and resistance is $2.21 (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 ACRS shares will trade within this expected range on the day.