Cabaletta Bio Inc (NASDAQ: CABA) is -80.26% lower on its value in year-to-date trading and has touched a low of $3.47 and a high of $26.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CABA stock was last observed hovering at around $4.19 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $4.48, the stock is -10.25% and -23.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 6.92% at the moment leaves the stock -68.23% off its SMA200. CABA registered -75.98% loss for a year compared to 6-month loss of -75.11%.
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The stock witnessed a -9.86% gain in the last 1 month and extending the period to 3 months gives it a -46.35%, and is 5.16% up 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 11.04% over the week and 9.40% over the month.
Cabaletta Bio Inc (CABA) has around 103 employees, a market worth around $218.85M and $0.00M in sales. Distance from 52-week low is 29.06% and -83.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.10%).
The EPS is expected to shrink by -36.34% this year
202.0 institutions hold shares in Cabaletta Bio Inc (CABA), with institutional investors hold 111.54% of the company’s shares. The shares outstanding are 47.82M, and float is at 41.14M with Short Float at 15.53%. Institutions hold 108.09% of the Float.
The top institutional shareholder in the company is JENNISON ASSOCIATES LLC with over 5.55 million shares valued at $41.49 million. The investor’s holdings represent 11.2498 of the CABA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.76 million shares valued at $35.58 million to account for 9.6469 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 3.88 million shares representing 7.8661 and valued at over $29.01 million, while ADAGE CAPITAL PARTNERS GP, L.L.C. holds 6.1592 of the shares totaling 3.04 million with a market value of $22.71 million.
Cabaletta Bio Inc (CABA) Insider Activity
The most recent transaction is an insider sale by Binder Gwendolyn, the company’s. SEC filings show that Binder Gwendolyn sold 11,000 shares of the company’s common stock on Jan 19 ’24 at a price of $19.59 per share for a total of $0.22 million. Following the sale, the insider now owns 20000.0 shares.
Cabaletta Bio Inc disclosed in a document filed with the SEC on Dec 19 ’23 that Binder Gwendolyn () sold a total of 11,000 shares of the company’s common stock. The trade occurred on Dec 19 ’23 and was made at $21.89 per share for $0.24 million. Following the transaction, the insider now directly holds 20000.0 shares of the CABA stock.
Still, SEC filings show that on Nov 20 ’23, Binder Gwendolyn () disposed off 11,000 shares at an average price of $17.82 for $0.2 million. The insider now directly holds 20,000 shares of Cabaletta Bio Inc (CABA).
