As on Thursday, Cytek BioSciences Inc (NASDAQ: CTKB) got off with the flyer as it spiked 5.38% to $6.46, before settling in for the price of $6.13 at the close. Taking a more long-term approach, CTKB posted a 52-week range of $4.66-$9.87.
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It was noted that the giant of the Healthcare sector posted annual sales growth of 36.02% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 8.21%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 33.33%. This publicly-traded company’s shares outstanding now amounts to $130.71 million, simultaneously with a float of $117.09 million. The organization now has a market capitalization sitting at $832.12 million. At the time of writing, stock’s 50-day Moving Average stood at $5.48, while the 200-day Moving Average is $6.10.
Cytek BioSciences Inc (CTKB) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Medical Devices industry. Cytek BioSciences Inc’s current insider ownership accounts for 9.10%, in contrast to 57.98% institutional ownership. According to the most recent insider trade that took place on Apr 19 ’24, this organization’s CHIEF TECHNOLOGY OFFICER sold 20,000 shares at the rate of 5.87, making the entire transaction reach 117,400 in total value, affecting insider ownership by 5,988,502. Preceding that transaction, on Apr 09 ’24, Company’s CHIEF TECHNOLOGY OFFICER sold 1,900 for 7.00, making the whole transaction’s value amount to 13,304. This particular insider is now the holder of 6,008,502 in total.
Cytek BioSciences Inc (CTKB) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
Cytek BioSciences Inc’s EPS increase for this current 12-month fiscal period is 33.33% and is forecasted to reach 0.21 in the upcoming year.
Cytek BioSciences Inc (NASDAQ: CTKB) Trading Performance Indicators
Let’s observe the current performance indicators for Cytek BioSciences Inc (CTKB). It’s Quick Ratio in the last reported quarter now stands at 5.47. The Stock has managed to achieve an average true range (ATR) of 0.39. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.14. Similarly, its price to free cash flow for trailing twelve months is now 28.93.
In the same vein, CTKB’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.08, a figure that is expected to reach 0.11 in the next quarter, and analysts are predicting that it will be 0.21 at the market close of one year from today.
Technical Analysis of Cytek BioSciences Inc (CTKB)
Through scrutinizing the latest numbers posted by the [Cytek BioSciences Inc, CTKB], it can be observed that its last 5-days Average volume of 0.61 million was lower the volume of 0.7 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 33.64% While, its Average True Range was 0.42.
Raw Stochastic average of Cytek BioSciences Inc (CTKB) in the period of the previous 100 days is set at 60.61%, which indicates a major rise in contrast to 53.94% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 139.07% that was higher than 77.10% volatility it exhibited in the past 100-days period.
