Home  »  Science   »  How Much Is Cara Therapeutics Inc. (NASDAQ: CARA) ...

How Much Is Cara Therapeutics Inc. (NASDAQ: CARA) Worth And How Can It Be Managed

Cara Therapeutics Inc. (NASDAQ:CARA)’s traded shares stood at 1.45 million during the last session, with the company’s beta value hitting 1.01. At the close of trading, the stock’s price was $5.48, to imply a decrease of -5.19% or -$0.3 in intraday trading. The CARA share’s 52-week high remains $13.97, putting it -154.93% down since that peak but still an impressive 0.91% since price per share fell to its 52-week low of $5.43. The company has a valuation of $311.70M, with an average of 1.49 million shares in intraday trading volume over the past 10 days and average of 566.92K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Cara Therapeutics Inc. (CARA), translating to a mean rating of 1.90. Of 8 analyst(s) looking at the stock, 0 analyst(s) give CARA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 7 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.32.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


Cara Therapeutics Inc. (NASDAQ:CARA) trade information

After registering a -5.19% downside in the last session, Cara Therapeutics Inc. (CARA) has traded red over the past five days. The stock hit a weekly high of 6.19 this Friday, 03/17/23, dropping -5.19% in its intraday price action. The 5-day price performance for the stock is -9.57%, and -47.10% over 30 days. With these gigs, the year-to-date price performance is -48.98%. Short interest in Cara Therapeutics Inc. (NASDAQ:CARA) saw shorts transact 5.36 million shares and set a 14.93 days time to cover.

Analysts on Wall Street suggest a consensus price target of $18.50, implying an increase of 70.38% to the stock’s current value. The extremes give us $6.00 and $28.00 for target low and target high price respectively. As such, CARA has been trading -410.95% off suggested target high and -9.49% from its likely low.

Cara Therapeutics Inc. (CARA) estimates and forecasts

Looking at statistics comparing Cara Therapeutics Inc. share performance against respective industry, we note that the company has underperformed competitors. Cara Therapeutics Inc. (CARA) shares are -46.95% down over the last 6 months, with its year-to-date growth rate lower than industry average at -3.14% against 9.60%. Revenue is forecast to grow 49.20% this quarter before jumping 53.80% for the next one. The rating firms project that company’s revenue will grow 137.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 7 analysts is $16.37 million. Meanwhile, for the quarter ending Mar 2023, a total of 2 analyst(s) estimate revenue growth to $20.88 million.Earnings reports from the last fiscal year show that sales brought in $821k and $4.79 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1,893.90% before jumping 335.90% in the following quarter.

CARA Dividends

Cara Therapeutics Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cara Therapeutics Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Cara Therapeutics Inc. (NASDAQ:CARA)’s Major holders

Cara Therapeutics Inc. insiders hold 16.12% of total outstanding shares, with institutional holders owning 66.36% of the shares at 79.11% float percentage. In total, 66.36% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 7.58 million shares (or 14.11% of shares), all amounting to roughly $70.97 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 3.31 million shares, or about 6.16% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $30.96 million.

We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Cara Therapeutics Inc. (CARA) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 3.37 million shares. This is just over 6.28% of the total shares, with a market valuation of $36.21 million. Data from the same date shows that the other fund manager holds a little less at 1.35 million, or 2.52% of the shares, all valued at about 12.68 million.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts