Is Atreca Inc.’s (NASDAQ:BCEL) Stock On The Decline?

The trading price of Atreca Inc. (NASDAQ:BCEL) closed higher on Friday, March 04, closing at $5.20, 211.38% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $1.67 and $5.36. In examining the 52-week price action we see that the stock hit a 52-week high of $19.23 and a 52-week low of $1.56. Over the past month, the stock has gained 151.21% in value.

Atreca Inc., whose market valuation is $183.20 million at the time of this writing, is expected to release its quarterly earnings report Feb 23, 2022 – Feb 28, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.76 per share this quarter, however they have predicted annual earnings per share of -$2.9 for 2021 and -$2.84 for 2022. It means analysts are expecting annual earnings per share growth of -7.40% this year and 2.10% next year.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Atreca Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BCEL has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BCEL a recommendation rating is 8. Out of them, 0 rate it a Hold, while 7 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Atreca Inc. (BCEL) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that BCEL’s price is currently 195.96% off the SMA20 and 137.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 84.68, and weekly volatility stands at 50.24%. When measured over the past 30 days, the indicator reaches 18.86%. Atreca Inc. (NASDAQ:BCEL)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.41. With analysts defining $11.00-$35.00 as the low and high price targets, we arrive at a consensus price target of $18.88 for the trailing 12-month period. The current price is about -111.54% off the estimated low and -573.08% off the forecast high, based on this estimate. Investors will be thrilled if BCEL’s share price rises to $17.00, which is the median consensus price. At that level, BCEL’s share price would be -226.92% below current price.

To see how Atreca Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: BCEL stock’s performance was 211.38% in the latest trading, and -71.35% in the past year. Also in last trading session, the S&P 500 Index has plunged -0.79%, while the Dow Jones Industrial also saw a negative session, down -0.53% on the day.

An evaluation of the daily trading volume of Atreca Inc. (NASDAQ:BCEL) indicates that the 3-month average is 406.44K. However, this figure has increased over the past 10 days to an average of 0.28 million.

Currently, records show that 36.92 million of the company’s shares remain outstanding. The insiders hold 0.80% of outstanding shares, whereas institutions hold 71.40%. The stats also highlight that short interest as of Jan 30, 2022, stood at 3.44 million shares, resulting in a short ratio of 7.21 at that time. From this, we can conclude that short interest is 9.26% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 3.55 million. However, since the stock’s price has seen 71.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.