Cabaletta Bio Inc (NASDAQ: CABA) is -9.25% lower on its value in year-to-date trading and has touched a low of $0.99 and a high of $13.50 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 $1.87 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $2.06, the stock is 27.49% and 44.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 10.16% at the moment leaves the stock -27.70% off its SMA200. CABA registered -79.50% loss for a year compared to 6-month loss of -14.88%. The firm has a 50-day simple moving average (SMA 50) of $1.4176 and a 200-day simple moving average (SMA200) of $2.861625.
The stock witnessed a 64.80% gain in the last 1 month and extending the period to 3 months gives it a 23.35%, and is 17.71% 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 5.27% over the week and 9.12% over the month.
Cabaletta Bio Inc (CABA) has around 161 employees, a market worth around $104.53M and $0.00M in sales. Distance from 52-week low is 108.99% and -84.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-96.65%).
The EPS is expected to shrink by -5.46% this year.
Cabaletta Bio Inc (CABA) Top Institutional Holders
135.0 institutions hold shares in Cabaletta Bio Inc (CABA), with institutional investors hold 74.63% of the company’s shares. The shares outstanding are 50.74M, and float is at 46.16M with Short Float at 11.97%. Institutions hold 72.40% 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
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