On Monday, Cabaletta Bio Inc (NASDAQ: CABA) opened higher 12.96% from the last session, before settling in for the closing price of $2.47. Price fluctuations for CABA have ranged from $0.99 to $5.46 over the past 52 weeks.
Annual sales at Healthcare sector company slipped by -20.35% over the past five years. Company’s average yearly earnings per share was noted 0.58% at the time writing. With a float of $79.01 million, this company’s outstanding shares have now reached $91.45 million.
Cabaletta Bio Inc (CABA) Insider Updates
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Cabaletta Bio Inc is 13.61%, while institutional ownership is 68.26%.
Cabaletta Bio Inc (CABA) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.62 earnings per share (EPS) for the quarter, coming under the agreed prediction (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 11.68% 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
Check out the current performance indicators for Cabaletta Bio Inc (CABA). In the past quarter, the stock posted 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 -1.77 in one year’s time.
Technical Analysis of Cabaletta Bio Inc (CABA)
Cabaletta Bio Inc (NASDAQ: CABA) saw its 5-day average volume 2.97 million, a positive change from its year-to-date volume of 1.96 million. As of the previous 9 days, the stock’s Stochastic %D was 31.75%.
During the past 100 days, Cabaletta Bio Inc’s (CABA) raw stochastic average was set at 73.56%, which indicates a significant increase from 50.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.38 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 $2.14, while its 200-day Moving Average is $1.86. Nevertheless, the first resistance level for the watch stands at $2.93 in the near term. At $3.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.29. If the price goes on to break the first support level at $2.57, it is likely to go to the next support level at $2.35. Assuming the price breaks the second support level, the third support level stands at $2.21.
Cabaletta Bio Inc (NASDAQ: CABA) Key Stats
There are currently 91,465K shares outstanding in the company with a market cap of 255.19 million. Presently, the company’s annual sales total 0 K according to its annual income of -115,860 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -45,130 K.
