Frequency Therapeutics, Inc.

Frequency Therapeutics, Inc.verified

FREQ

Price:

$0.2996

Market Cap:

$10.94M

Frequency Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing therapeutics to activate a person's innate regenerative potential to restore function. Its Progenitor Cell Activation approach uses small molecules and activate progenitor cells within the body to create functional tissue. The company's lead product candidate is FX-322, which is in Phase IIa clinical trial to treat the underlying cause of sensorineural hearing loss. It is also developing medicines for patients across a range of degenerative conditions, including multiple sclerosis, and diseases of the muscle, gastrointestinal tract, skin, and bone. The company has a license and collaboration agreement...[Read more]

Industry

Biotechnology

IPO Date

2019-10-03

Stock Exchange

NASDAQ

Ticker

FREQ

The Current Ratio as of September 2024 (TTM) for Frequency Therapeutics, Inc. (FREQ) is 4.42

According to Frequency Therapeutics, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 4.42. This represents a change of 0.85% compared to the average of 4.38 of the last 4 quarters.

Frequency Therapeutics, Inc. (FREQ) Historical Current Ratio (quarterly & annually)

How has FREQ Current Ratio performed in the past?

The mean historical Current Ratio of Frequency Therapeutics, Inc. over the last ten years is 8.01. The current 4.42 Current Ratio has changed 5.42% with respect to the historical average. Over the past ten years (40 quarters), FREQ's Current Ratio was at its highest in in the June 2021 quarter at 19.09. The Current Ratio was at its lowest in in the September 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

8.01

Median

8.26

Minimum

4.16

Maximum

11.79

Frequency Therapeutics, Inc. (FREQ) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Frequency Therapeutics, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 101.49%

Maximum Annual Current Ratio = 11.79

Minimum Annual Increase = -64.71%

Minimum Annual Current Ratio = 4.16

Quarterly (TTM)
Annual
YearCurrent RatioChange
20224.16-64.71%
202111.7939.52%
20208.45101.49%
20194.19-63.15%
201811.3841.02%

Frequency Therapeutics, Inc. (FREQ) Average Current Ratio

How has FREQ Current Ratio performed in the past?

The current Current Ratio of Frequency Therapeutics, Inc. (FREQ) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.13

5-year avg

8.00

10-year avg

8.01

Frequency Therapeutics, Inc. (FREQ) Current Ratio vs. Peers

How is FREQ’s Current Ratio compared to its peers?

Frequency Therapeutics, Inc.’s Current Ratio is greater than Lineage Cell Therapeutics, Inc. (2.64), greater than MAIA Biotechnology, Inc. (3.42), greater than Armata Pharmaceuticals, Inc. (0.25), greater than Portage Biotech Inc. (1.73), less than PMV Pharmaceuticals, Inc. (19.22), less than Olema Pharmaceuticals, Inc. (9.13), greater than Enochian Biosciences, Inc. (0.06), less than Scholar Rock Holding Corporation (6.04), less than Passage Bio, Inc. (7.67), less than Shattuck Labs, Inc. (7.62), less than C4 Therapeutics, Inc. (5.09), less than Eliem Therapeutics, Inc. (60.41), less than Prelude Therapeutics Incorporated (7.83), less than Monte Rosa Therapeutics, Inc. (6.56), less than Absci Corporation (0), less than Adverum Biotechnologies, Inc. (6.49), less than Kezar Life Sciences, Inc. (7.99), less than Oncternal Therapeutics, Inc. (9.58), greater than null (2.89),

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