In today’s recent session, 0.81 million shares of the Cibus Inc (NASDAQ:CBUS) have been traded, and its beta is 1.86. Most recently the company’s share price was $3.70, and it changed around -$1.36 or -26.78% from the last close, which brings the market valuation of the company to $85.55M. CBUS at last check was trading at a discount to its 52-week high of $23.18, offering almost -526.49% off that amount. The share price’s 52-week low was $4.26, which indicates that the recent value has fallen by an impressive -15.14% since then. We note from Cibus Inc’s average daily trading volume that its 10-day average is 0.18 million shares, with the 3-month average coming to 177.90K.
Cibus Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended CBUS as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Cibus Inc is expected to report earnings per share of -0.89 for the current quarter.
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Cibus Inc (NASDAQ:CBUS) trade information
Instantly CBUS has been showing red trend so far today with a performance of -26.78% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.58 on recent trading dayincreased the stock’s daily price by 33.69%. The company’s shares are currently down -81.14% year-to-date, but still down -29.43% over the last five days. On the other hand, Cibus Inc (NASDAQ:CBUS) is -51.54% down in the 30-day period. We can see from the shorts that 2.16 million shares have been sold at a short interest cover period of 18.04 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to increase their stock price by 83.91% from its current value. Analyst projections state that CBUS is forecast to be at a low of $21 and a high of $25.
Cibus Inc (CBUS) estimates and forecasts
Cibus Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -81.34 percent over the past six months and at a 43.94% annual growth rate that is well above the industry average of -0.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 44.00% in revenue this quarter, and will report an increase of 94.60% in the next quarter. The year-over-year growth rate is expected to be 34.30%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 610k in revenue for the current quarter. 2 analysts expect Cibus Inc to make 630k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 475k and 1.1M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 28.40%. Forecasts for the next quarter put sales growth at -42.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.61%.
CBUS Dividends
Cibus Inc’s next quarterly earnings report is expected to be released on 2024-Nov-07.
Cibus Inc (NASDAQ:CBUS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 26.40% of Cibus Inc shares, and 35.95% of them are in the hands of institutional investors. The stock currently has a share float of 48.84%.
Fidelity Growth Company Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 1.03 shares worth $3.9 million, making up 4.47% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 465.39 shares worth around $1.76 million, which represents about 2.02% of the total shares outstanding.
