During the last session, Cabaletta Bio Inc (NASDAQ:CABA)’s traded shares were 1.22 million, with the beta value of the company hitting 2.39. At the end of the trading day, the stock’s price was $3.79, reflecting an intraday loss of -9.76% or -$0.41. The 52-week high for the CABA share is $26.35, that puts it down -595.25 from that peak though still a striking 8.44% gain since the share price plummeted to a 52-week low of $3.47. The company’s market capitalization is $185.13M, and the average intraday trading volume over the past 10 days was 0.95 million shares, and the average trade volume was 1.04 million shares over the past three months.
Cabaletta Bio Inc (CABA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CABA has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.6.
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Cabaletta Bio Inc (NASDAQ:CABA) trade information
Cabaletta Bio Inc (CABA) registered a -9.76% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.76% in intraday trading to $3.79, hitting a weekly high. The stock’s 5-day price performance is -5.96%, and it has moved by -18.32% in 30 days. Based on these gigs, the overall price performance for the year is -72.46%. The short interest in Cabaletta Bio Inc (NASDAQ:CABA) is 3.78 million shares and it means that shorts have 3.86 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 72.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $32 respectively. As a result, CABA is trading at a discount of -744.33% off the target high and 20.84% off the low.
Cabaletta Bio Inc (CABA) estimates and forecasts
Statistics show that Cabaletta Bio Inc has underperformed its competitors in share price, compared to the industry in which it operates. Cabaletta Bio Inc (CABA) shares have gone down -69.46% during the last six months, with a year-to-date growth rate less than the industry average at -38.18% against 17.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -62.20% this quarter and then drop -28.30% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.63%. While earnings are projected to return -35.79% in 2024.
CABA Dividends
Cabaletta Bio Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cabaletta Bio Inc (NASDAQ:CABA)’s Major holders
Cabaletta Bio Inc insiders own 3.10% of total outstanding shares while institutional holders control 105.63%, with the float percentage being 109.00%. JENNISON ASSOCIATES LLC is the largest shareholder of the company, while 202.0 institutions own stock in it. As of 2024-06-30, the company held over 5.55 million shares (or 11.2498% of all shares), a total value of $41.49 million in shares.
The next largest institutional holding, with 4.76 million shares, is of BLACKROCK INC.’s that is approximately 9.6469% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $35.58 million.
