CymaBay Therapeutics Inc. (NASDAQ: CBAY) is 192.86% higher on its value in year-to-date trading and has touched a low of $1.21 and a high of $9.06 in the current 52-week trading range. The CBAY stock was last observed hovering at around $5.88 in the last trading session, with the day’s loss setting it -0.14% off its average median price target of $13.00 for the next 12 months. It is also 71.3% off the consensus price target high of $20.00 offered by 11 analysts, but current levels are 42.6% higher than the price target low of $10.00 for the same period.
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Currently trading at $5.74, the stock is -15.73% and -24.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.25 million and changing -2.38% at the moment leaves the stock 12.88% off its SMA200. CBAY registered 195.88% gain for a year compared to 6-month gain of 64.00%. The firm has a 50-day simple moving average (SMA 50) of $7.03 and a 200-day simple moving average (SMA200) of $6.26.
The stock witnessed a -20.83% loss in the last 1 month and extending the period to 3 months gives it a -18.47%, and is -12.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.36% over the week and 5.82% over the month.
Distance from 52-week low is 374.38% and -36.64% from its 52-week high.
CymaBay Therapeutics Inc. (CBAY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for CymaBay Therapeutics Inc. (CBAY) is a “Buy”. 11 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
CymaBay Therapeutics Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.2.The EPS is expected to shrink by -22.20% this year.
CymaBay Therapeutics Inc. (CBAY) Top Institutional Holders
159 institutions hold shares in CymaBay Therapeutics Inc. (CBAY), with 273.48k shares held by insiders accounting for 0.40% while institutional investors hold 85.19% of the company’s shares. The shares outstanding are 68.89M, and float is at 65.19M with Short Float at 6.25%. Institutions hold 84.85% of the Float.
The top institutional shareholder in the company is Avoro Capital Advisors LLC with over 10.3 million shares valued at $74.57 million. The investor’s holdings represent 14.95% of the CBAY Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 5.13 million shares valued at $37.15 million to account for 7.45% of the shares outstanding. The other top investors are Boxer Capital, LLC which holds 4.0 million shares representing 5.81% and valued at over $28.96 million, while Vanguard Group, Inc. (The) holds 4.90% of the shares totaling 3.37 million with a market value of $24.42 million.
CymaBay Therapeutics Inc. (CBAY): Who are the competitors?
The company’s main competitors (and peers) include Bristol-Myers Squibb Company (BMY) that is trading -2.07% down over the past 12 months. Xencor Inc. (XNCR) is 24.76% up on the 1-year trading charts. Short interest in the company’s stock has fallen -4.66% from the last report on Nov 12, 2020 to stand at a total of 4.27 million short shares sold with a short interest ratio of 4.69.