Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) Stock Could Reward Investors With a 185.71% Gain – Marketing Sentinel
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Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) Stock Could Reward Investors With a 185.71% Gain

In the last trading session, 1,228,441 Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) shares changed hands as the company’s beta touched 1.64. With the company’s per share price at $2.1 changed hands at -$0.12 or -0.05% during last session, the market valuation stood at $161.59 Million. CATB’s last price was a discount, traded about -309.05% off its 52-week high of $8.59. The share price had its 52-week low at $1.25, which suggests the last value was 40.48% up since then. When we look at Catabasis Pharmaceuticals, Inc.’s average trading volume, we note the 10-day average is 5.96 Million shares, with the 3-month average coming to 931.62 Million.

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Analysts gave the Catabasis Pharmaceuticals, Inc. (CATB) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 1.7. If we narrow down to specifics, the data shows that none out of 3 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended CATB as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Catabasis Pharmaceuticals, Inc.’s EPS for the current quarter is expected to be -$0.3.


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Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) trade information

Although CATB has turned red as seen at the end of in last trading. With action -5.41%, the performance over the past five days has been green. The jump to weekly highs of $2.62- on Wednesday, Jun 16 added 19.85% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.02%, with the 5-day performance at 0.01% in the green. However, in the 30-day time frame, Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) is 0.12% up. Looking at the short shares, we see there were 4.05 Million shares sold at short interest cover period of 0 days.

The consensus price target for the stock as assigned by Wall Street analysts is $5.5, meaning bulls need an upside of 161.9% from its current market value. According to analyst projections, CATB’s forecast low is $5 with $6 as the target high. To hit the forecast high, the stock’s price needs a +185.71% upsurge from its current level, while the stock would need to tank 138.1% for it to hit the projected low.

Catabasis Pharmaceuticals, Inc. (CATB) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 37.5%. The 2021 estimates are for Catabasis Pharmaceuticals, Inc. earnings to increase by 13.4%, but the outlook for the next 5-year period is at 0% per year.

Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.11% of Catabasis Pharmaceuticals, Inc. shares while 60.3% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.37%. There are 87 institutions holding the Catabasis Pharmaceuticals, Inc. stock share, with Perceptive Advisors Llc the top institutional holder. As of Mar 30, 2021, the company held 10.58% of the shares, roughly 2.48 Million CATB shares worth $7.16 Million.

Sphera Funds Management Ltd holds the second largest percentage of outstanding shares, with 5.53% or 1.29 Million shares worth $3.74 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 514051 shares estimated at $1.49 Million under it, the former controlled 2.2% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.91% of the shares, roughly 447.08 Thousand shares worth around $1.29 Million.

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