Cibus Inc (CBUS) Has A Promising Outlook For 2024

Cibus Inc (NASDAQ:CBUS) has a beta value of 1.86 and has seen 88046.0 shares traded in the last trading session. The company, currently valued at $156.32M, closed the last trade at $6.77 per share which meant it lost -$0.33 on the day or -4.65% during that session. The CBUS stock price is -242.39% off its 52-week high price of $23.18 and 3.84% above the 52-week low of $6.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.12 million shares traded. The 3-month trading volume is 181.01K shares.

The consensus among analysts is that Cibus Inc (CBUS) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.89.

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Cibus Inc (NASDAQ:CBUS) trade information

Sporting -4.65% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CBUS stock price touched $6.77 or saw a rise of 15.16%. Year-to-date, Cibus Inc shares have moved -65.53%, while the 5-day performance has seen it change -10.45%. Over the past 30 days, the shares of Cibus Inc (NASDAQ:CBUS) have changed -26.09%. Short interest in the company has seen 1.94 million shares shorted with days to cover at 17.43.

Wall Street analysts have a consensus price target for the stock at $23, which means that the shares’ value could jump 70.57% from current levels. The projected low price target is $21.0 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -269.28% off the targeted high while a plunge would see the stock gain -210.19% from current levels.

Cibus Inc (CBUS) estimates and forecasts

Figures show that Cibus Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -62.37% over the past 6 months, with this year growth rate of 43.94%, compared to 4.40% for the industry. Revenue growth from the last financial year stood is estimated to be 34.30%.

2 analysts offering their estimates for the company have set an average revenue estimate of 610k for the current quarter. 2 have an estimated revenue figure of 630k for the next ending quarter. Year-ago sales stood 475k and 1.1M respectively for this quarter and the next, and analysts expect sales will grow by 28.40% for the current quarter and 34.30% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 10.61% over the past 5 years.

CBUS Dividends

Cibus Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Cibus Inc (NASDAQ:CBUS)’s Major holders

Insiders own 26.40% of the company shares, while shares held by institutions stand at 35.94% with a share float percentage of 48.82%. Investors are also buoyed by the number of investors in a company, with Cibus Inc having a total of 75.0 institutions that hold shares in the company.