Cytek BioSciences Inc (NASDAQ: CTKB) is -54.93% lower on its value in year-to-date trading and has touched a low of $3.27 and a high of $7.63 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 CTKB stock was last observed hovering at around $3.79 in the last trading session, with the day’s loss setting it -0.87%.
Currently trading at $2.92, the stock is -21.12% and -25.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing -22.82% at the moment leaves the stock -44.92% off its SMA200. CTKB registered -54.15% loss for a year compared to 6-month loss of -46.23%.
The stock witnessed a -21.79% gain in the last 1 month and extending the period to 3 months gives it a -45.22%, and is -24.22% 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 7.31% over the week and 5.32% over the month.
Cytek BioSciences Inc (CTKB) has around 648 employees, a market worth around $373.23M and $197.05M in sales. Fwd P/E is 194.35. Profit margin for the company is -5.71%. Distance from 52-week low is -10.55% and -61.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.84%).
The EPS is expected to shrink by -132.45% this year.
Cytek BioSciences Inc (CTKB) Top Institutional Holders
The shares outstanding are 127.60M, and float is at 114.78M with Short Float at 3.65%.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.07 million shares valued at $95.25 million. The investor’s holdings represent 12.9872% of the CTKB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.75 million shares valued at $65.54 million to account for 8.9365 of the shares outstanding. The other top investors are BROWN CAPITAL MANAGEMENT LLC which holds 11.39 million shares representing 8.6635% and valued at over $63.54 million, while HHLR ADVISORS, LTD. holds 5.0647 of the shares totaling 6.66 million with a market value of $37.15 million.
Cytek BioSciences Inc (CTKB) Insider Activity
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