Candel Therapeutics Inc (NASDAQ: CADL) is 233.33% higher on its value in year-to-date trading and has touched a low of $0.77 and a high of $14.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CADL stock was last observed hovering at around $4.43 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $4.90, the stock is 8.82% and -9.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 10.61% at the moment leaves the stock -15.59% off its SMA200. CADL registered 528.21% gain for a year compared to 6-month loss of -31.18%. The firm has a 50-day simple moving average (SMA 50) of $5.4434 and a 200-day simple moving average (SMA200) of $5.78934.
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The stock witnessed a -5.77% gain in the last 1 month and extending the period to 3 months gives it a -20.20%, and is -1.01% 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 11.08% over the week and 10.55% over the month.
Candel Therapeutics Inc (CADL) has around 42 employees, a market worth around $159.13M and $0.00M in sales. Fwd P/E is 32.67. Distance from 52-week low is 536.36% and -65.73% from its 52-week high.
The EPS is expected to shrink by -25.95% this year
74.0 institutions hold shares in Candel Therapeutics Inc (CADL), with institutional investors hold 32.37% of the company’s shares. The shares outstanding are 32.13M, and float is at 19.97M with Short Float at 10.50%. Institutions hold 22.53% of the Float.
The top institutional shareholder in the company is NORTHPOND VENTURES, LLC with over 1.94 million shares valued at $12.0 million. The investor’s holdings represent 6.628 of the CADL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.82 million shares valued at $5.1 million to account for 2.819 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.82 million shares representing 2.8035 and valued at over $5.08 million, while STATE STREET CORP holds 1.6193 of the shares totaling 0.47 million with a market value of $2.93 million.
Candel Therapeutics Inc (CADL) Insider Activity
The most recent transaction is an insider sale by Tyagarajan Seshu, the company’s Chief Technology Officer. SEC filings show that Tyagarajan Seshu sold 20,392 shares of the company’s common stock on Nov 29 ’24 at a price of $4.56 per share for a total of $92898.0. Following the sale, the insider now owns 0.13 million shares.
Candel Therapeutics Inc disclosed in a document filed with the SEC on Nov 29 ’24 that Tak Paul Peter (Chief Executive Officer) sold a total of 48,847 shares of the company’s common stock. The trade occurred on Nov 29 ’24 and was made at $4.56 per share for $0.22 million. Following the transaction, the insider now directly holds 0.29 million shares of the CADL stock.
Still, SEC filings show that on Nov 29 ’24, Nichols William Garrett (Chief Medical Officer) disposed off 13,935 shares at an average price of $4.56 for $63482.0. The insider now directly holds 100,547 shares of Candel Therapeutics Inc (CADL).
