Cabaletta Bio Inc (NASDAQ: CABA) kicked off on Tuesday, down -3.59% from the previous trading day, before settling in for the closing price of $4.46. Over the past 52 weeks, CABA has traded in a range of $3.47-$26.35.
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While this was happening, its average annual earnings per share was recorded -35.79%. With a float of $41.14 million, this company’s outstanding shares have now reached $47.82 million.
Let’s look at the performance matrix of the company that is accounted for 103 employees. In terms of profitability, gross margin is 62.34%, operating margin of -2496.86%, and the pretax margin is -2243.97%.
Cabaletta Bio Inc (CABA) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Cabaletta Bio Inc is 15.78%, while institutional ownership is 93.75%. The most recent insider transaction that took place on Jan 19 ’24, was worth 215,439. In this transaction an insider of this company sold 11,000 shares at a rate of $19.59, taking the stock ownership to the 20,000 shares. Before that another transaction happened on Dec 19 ’23, when Company’s insider sold 11,000 for $21.89, making the entire transaction worth $240,789. This insider now owns 20,000 shares in total.
Cabaletta Bio Inc (CABA) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.37 earnings per share (EPS), higher than consensus estimate (set at -0.4) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -35.79% per share during the next fiscal year.
Cabaletta Bio Inc (NASDAQ: CABA) Trading Performance Indicators
Take a look at Cabaletta Bio Inc’s (CABA) current performance indicators. Last quarter, stock had a quick ratio of 11.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.91, a number that is poised to hit -0.60 in the next quarter and is forecasted to reach -2.41 in one year’s time.
Technical Analysis of Cabaletta Bio Inc (CABA)
Cabaletta Bio Inc (NASDAQ: CABA) saw its 5-day average volume 0.71 million, a negative change from its year-to-date volume of 1.08 million. As of the previous 9 days, the stock’s Stochastic %D was 73.54%. Additionally, its Average True Range was 0.35.
During the past 100 days, Cabaletta Bio Inc’s (CABA) raw stochastic average was set at 14.85%, which indicates a significant decrease from 64.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.78% in the past 14 days, which was lower than the 106.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.29, while its 200-day Moving Average is $10.86. Nevertheless, the first resistance level for the watch stands at $4.44 in the near term. At $4.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.70. If the price goes on to break the first support level at $4.18, it is likely to go to the next support level at $4.06. Assuming the price breaks the second support level, the third support level stands at $3.92.
Cabaletta Bio Inc (NASDAQ: CABA) Key Stats
The company with the Market Capitalisation of 210.05 million has total of 48,849K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -67,680 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -27,600 K.
