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Is Cabaletta Bio Inc. (NASDAQ:CABA) Expensive At $0.67? Here’s How To Know.

In last trading session, Cabaletta Bio Inc. (NASDAQ:CABA) saw 1.16 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.67 trading at -$0.06 or -8.56% at ring of the bell on the day assigns it a market valuation of $21.13M. That closing price of CABA’s stock is at a discount of -2131.34% from its 52-week high price of $14.95 and is indicating a discount of -7.46% from its 52-week low price of $0.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.82 million shares which gives us an average trading volume of 1.30 million if we extend that period to 3-months.

For Cabaletta Bio Inc. (CABA), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.5 in the current quarter.

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Cabaletta Bio Inc. (NASDAQ:CABA) trade information

Upright in the red during last session for losing -8.56%, in the last five days CABA remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $0.67 price level, adding 27.09% to its value on the day. Cabaletta Bio Inc.’s shares saw a change of -82.27% in year-to-date performance and have moved -23.14% in past 5-day. Cabaletta Bio Inc. (NASDAQ:CABA) showed a performance of -59.76% in past 30-days. Number of shares sold short was 1.96 million shares which calculate 10.38 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $7.67 to the stock, which implies a rise of 91.26% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $13.00. It follows that stock’s current price would drop -1840.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -347.76% for stock’s current value.

Cabaletta Bio Inc. (CABA) estimates and forecasts

Statistics highlight that Cabaletta Bio Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -70.40% of value to its shares in past 6 months, showing an annual growth rate of -5.00% while that of industry is 1.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -11.10% in the current quarter and calculating -13.30% decrease in the next quarter.

CABA Dividends

Cabaletta Bio Inc. is more likely to be releasing its next quarterly report between March 14 and March 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Cabaletta Bio Inc. (NASDAQ:CABA)’s Major holders

Insiders are in possession of 4.31% of company’s total shares while institution are holding 63.89 percent of that, with stock having share float percentage of 66.77%. Investors also watch the number of corporate investors in a company very closely, which is 63.89% institutions for Cabaletta Bio Inc. that are currently holding shares of the company. Adage Capital Partners GP L.L.C. is the top institutional holder at CABA for having 2.54 million shares of worth $5.16 million. And as of Mar 30, 2022, it was holding 8.77% of the company’s outstanding shares.

The second largest institutional holder is 5AM Venture Management, LLC, which was holding about 2.06 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 7.12% of outstanding shares, having a total worth of $4.19 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 0.84 million shares of worth $1.7 million or 2.89% of the total outstanding shares. The later fund manager was in possession of 0.19 million shares on Mar 30, 2022, making its stake of worth around $0.39 million in the company or a holder of 0.66% of company’s stock.

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