Arcturus Therapeutics Holdings Inc. Common Stock | ARCT

Daily Technical Analysis of Arcturus Therapeutics Holdings Inc. Common Stock

Arcturus Therapeutics had a nice pop today and is currently up 8.17% -- which is pretty good. Investors have a more positive outlook for the company and future revenue. It looks like ARCT may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. It's definitely important to take into account the directional momentum, so let's be honest Arcturus Therapeutics has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it. Owners of the Biotechnology company have lost -68.34 percent over the last year. If the price moves back up it'll probably hit pockets of sellers who want to break even and exit the position.

If the price bounces off of the support and moves up it'll probably head up to the $15.71 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Arcturus Therapeutics By Price Target And Rating

The analysts are pretty neutral on Arcturus Therapeutics right now, so not much useful information here. The current Analysts Sentiment Score is 1.74. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. William Blair reiterated a rating of Outperform on 2024-03-08. On 2024-02-08 Citigroup increased their price target by 20% to $48.00. Canaccord Genuity Group initiated a rating of Buy on 2023-12-13. On 2023-11-28 HC Wainwright reiterated their rating of Buy and added a price target of $51.00. Cantor Fitzgerald announced that they are reiterating a rating of Overweight on 2023-08-22 and they set their price target at $54.00. Wells Fargo & Company boosted their price targ by 28.57% to $45.00 on 2023-07-17. Guggenheim reiterated a rating of Buy on 2023-07-14.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Arcturus Therapeutics

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Arcturus Therapeutics

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.