Fate Therapeutics (NASDAQ:FATE – Get Free Report) will be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Fate Therapeutics to post earnings of ($0.48) per share for the quarter.
Fate Therapeutics (NASDAQ:FATE – Get Free Report) last issued its earnings results on Monday, February 26th. The biopharmaceutical company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.12. The business had revenue of $1.68 million during the quarter, compared to analyst estimates of $0.85 million. Fate Therapeutics had a negative return on equity of 38.17% and a negative net margin of 253.30%. During the same quarter in the prior year, the firm earned ($0.58) earnings per share. On average, analysts expect Fate Therapeutics to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Fate Therapeutics Trading Down 7.3 %
Shares of FATE stock traded down $0.31 during trading hours on Tuesday, hitting $3.91. 596,987 shares of the company’s stock were exchanged, compared to its average volume of 2,792,264. The company has a market capitalization of $445.04 million, a PE ratio of -2.41 and a beta of 1.80. Fate Therapeutics has a 12-month low of $1.63 and a 12-month high of $8.83. The business’s 50 day simple moving average is $6.30 and its 200-day simple moving average is $4.70.
Analyst Upgrades and Downgrades
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Fate Therapeutics Company Profile
Fate Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops programmed cellular immunotherapies for cancer and immune disorders worldwide. The company's chimeric antigen receptor (CAR)-targeted NK and T-cell product candidates include FT576 to treat multiple myeloma, and FT522, to treat lymphoma and autoimmune disorders.
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