Why Cabaletta Bio Inc (CABA) Stock Could See Much Higher Prices Ahead

Cabaletta Bio Inc (NASDAQ: CABA) is -14.76% 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 $1.99 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $1.93, the stock is -2.81% and 24.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing -2.76% at the moment leaves the stock -28.11% off its SMA200. CABA registered -84.09% loss for a year compared to 6-month loss of -36.87%.

The stock witnessed a 6.91% gain in the last 1 month and extending the period to 3 months gives it a 8.10%, and is -18.35% 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 17.24% over the week and 8.65% over the month.

Cabaletta Bio Inc (CABA) has around 161 employees, a market worth around $98.19M and $0.00M in sales. Distance from 52-week low is 96.31% and -85.67% 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 -5.45% this year.

Cabaletta Bio Inc (CABA) Top Institutional Holders

The shares outstanding are 50.74M, and float is at 46.16M with Short Float at 13.43%.

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.