Cytek BioSciences Inc (NASDAQ: CTKB) on Tuesday, plunged -4.19% from the previous trading day, before settling in for the closing price of $6.69. Within the past 52 weeks, CTKB’s price has moved between $4.66 and $9.87.
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Annual sales at Healthcare sector company grew by 36.02% over the past five years. The company achieved an average annual earnings per share of 33.33%. With a float of $117.03 million, this company’s outstanding shares have now reached $130.71 million.
Let’s look at the performance matrix of the company that is accounted for 676 employees. In terms of profitability, gross margin is 54.92%, operating margin of -11.75%, and the pretax margin is -5.92%.
Cytek BioSciences Inc (CTKB) Insider Updates
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Cytek BioSciences Inc is 9.15%, while institutional ownership is 57.98%. The most recent insider transaction that took place on Apr 19 ’24, was worth 117,400. In this transaction CHIEF TECHNOLOGY OFFICER of this company sold 20,000 shares at a rate of $5.87, taking the stock ownership to the 5,988,502 shares. Before that another transaction happened on Apr 09 ’24, when Company’s CHIEF TECHNOLOGY OFFICER sold 1,900 for $7.00, making the entire transaction worth $13,304. This insider now owns 6,008,502 shares in total.
Cytek BioSciences Inc (CTKB) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.08 earnings per share (EPS) for the period topping the consensus outlook (set at 0.04) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 33.33% per share during the next fiscal year.
Cytek BioSciences Inc (NASDAQ: CTKB) Trading Performance Indicators
Cytek BioSciences Inc (CTKB) is currently performing well based on its current performance indicators. A quick ratio of 5.47 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.10. Likewise, its price to free cash flow for the trailing twelve months is 28.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.08, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.21 in one year’s time.
Technical Analysis of Cytek BioSciences Inc (CTKB)
Cytek BioSciences Inc (NASDAQ: CTKB) saw its 5-day average volume 0.56 million, a negative change from its year-to-date volume of 0.69 million. As of the previous 9 days, the stock’s Stochastic %D was 62.77%. Additionally, its Average True Range was 0.38.
During the past 100 days, Cytek BioSciences Inc’s (CTKB) raw stochastic average was set at 58.92%, which indicates a significant increase from 37.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.23% in the past 14 days, which was lower than the 77.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.57, while its 200-day Moving Average is $6.08. Nevertheless, the first resistance level for the watch stands at $6.60 in the near term. At $6.78, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.94. If the price goes on to break the first support level at $6.26, it is likely to go to the next support level at $6.10. Assuming the price breaks the second support level, the third support level stands at $5.92.
Cytek BioSciences Inc (NASDAQ: CTKB) Key Stats
Market capitalization of the company is 825.68 million based on 128,811K outstanding shares. Right now, sales total 193,020 K and income totals -12,150 K. The company made 51,500 K in profit during its latest quarter, and 940 K in sales during its previous quarter.
