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Arcutis Biotherapeutics Inc (NASDAQ: ARQT) Is Up 1.83% – Can It Revive?

Arcutis Biotherapeutics Inc (NASDAQ:ARQT) price closed higher on Monday, February 12, jumping 1.83% above its previous close.

A look at the daily price movement shows that the last close reads $6.57. The company’s 5Y monthly beta was ticking 0.96. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.57 and 52-week low of $1.76. The stock added 80.81% on its value in the past month.

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Arcutis Biotherapeutics Inc, which has a market valuation of $647.53 million, is expected to release its quarterly earnings report Feb 26, 2024 – Mar 01, 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ARQT a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that ARQT’s price is at present 34.32% off the SMA20 and 81.30% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 72.84, with weekly volatility standing at 10.14%. The indicator jumps to 11.78% when calculated based on the past 30 days. Arcutis Biotherapeutics Inc (NASDAQ:ARQT)’s beta value is holding at 0.98, while the average true range (ATR) indicator is currently reading 0.57.

Turning out attention to how the Arcutis Biotherapeutics Inc stock has performed in comparison to its peers in the industry, here’s what we find: ARQT’s stock is 1.83% on the day and -59.53% in the past 12 months, while Eli Lilly & Co. (LLY) traded -0.39%% in the last session and was positioned 110.41% up on its price 12 months ago. Turning out attention to how the Arcutis Biotherapeutics Inc stock has performed in comparison to its peers in the industry, here’s what we find: ARQT’s stock is 1.83% on the day and -59.53% in the past 12 months, while Eli Lilly & Co. (LLY) traded -0.39%% in the last session and was positioned 110.41% up on its price 12 months ago. Another comparison is with AbbVie Inc. (ABBV) whose stock price was down -0.58%% in the last trading session, and has flourished 12.58% over the past year. Also, Pfizer Inc. (PFE) showed up trend of 0.36%% while its price kept floating at -37.12% over the past year.

An analysis of the Arcutis Biotherapeutics Inc (NASDAQ:ARQT) stock in terms of its daily trading volume indicates that the 3-month average is 0.62. However, this figure increases on the past 10-day timeline to an average of 5.68 million.

Current records show that the company has 96.79M in outstanding shares. The insiders’ percentage holdings are 18.48% of outstanding shares while the percentage share held by institutions stands at 73.80%. The stats also highlight that short interest as of Jan 31, 2024, stood at 16.78 million shares, which puts the short ratio at the time at 2.82. From this we can glean that short interest is 17.33% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 20.18 million. But the 107.12% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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