Fate Therapeutics Inc. (FATE) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of FATE have climbed 6.92% about 30 minutes into the session to $3.4 after closing the day prior at $3.18. It’s early, but the stock has traded as high as $3.48 and as low as $3.3 so far. Today’s quick advance has come with about 80,264 shares changing hands, compared to an average 30-day volume of 197,738 for Fate Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $3.36 for FATE.
The share appreciation gives the company a market capitalization of $91.89 million based upon 28.89 million shares outstanding. It also means that FATE has a price-to-book ratio of 3.97:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of FATE have traded as low as $1.46 and as high as $7.14. Technical traders will take note that at $3.4, shares of FATE are trading above their 200-day MA at $2.18 and above their 50-day MA at $2.4. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is FATE?
Fate Therapeutics Inc is a clinical-stage biopharmaceutical company engaged in the development of programmed cellular therapeutics for the treatment of severe, life-threatening diseases. The company’s 60 employees are led by CEO J. Scott Wolchko from the corporate headquarters at 3535 General Atomics Court.
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