Cabaletta Bio Inc (NASDAQ: CABA) kicked off on Friday, up 46.15% from the previous trading day, before settling in for the closing price of $2.47. Over the past 52 weeks, CABA has traded in a range of $0.99-$5.46.
A company in the Healthcare sector has dropped its sales by -20.35% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 0.58%. With a float of $79.01 million, this company’s outstanding shares have now reached $91.45 million.
In an organization with 161 employees, it is important to assess its efficiency.
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 13.61%, while institutional ownership is 70.97%.
Cabaletta Bio Inc (CABA) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.62 earnings per share (EPS), lower than consensus estimate (set at -0.61) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.63% during the next five years compared to -20.35% drop over the previous five years of trading.
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 4.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.71, a number that is poised to hit -0.48 in the next quarter and is forecasted to reach -1.76 in one year’s time.
Technical Analysis of Cabaletta Bio Inc (CABA)
Let’s dig in a bit further. During the last 5-days, its volume was 9.4 million. That was better than the volume of 2.13 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 44.63%.
During the past 100 days, Cabaletta Bio Inc’s (CABA) raw stochastic average was set at 97.51%, which indicates a significant increase from 95.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.32 in the past 14 days, which was higher than the 0.18 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.23, while its 200-day Moving Average is $1.87. However, in the short run, Cabaletta Bio Inc’s stock first resistance to watch stands at $4.00. Second resistance stands at $4.39. The third major resistance level sits at $5.11. If the price goes on to break the first support level at $2.89, it is likely to go to the next support level at $2.17. Assuming the price breaks the second support level, the third support level stands at $1.78.
Cabaletta Bio Inc (NASDAQ: CABA) Key Stats
The company with the Market Capitalisation of 330.19 million has total of 91,465K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -115,860 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -45,130 K.
