Cabaletta Bio Inc (NASDAQ:CABA) has a beta value of 2.42 and has seen 1.1 million shares traded in the last trading session. The company, currently valued at $189.40M, closed the last trade at $3.71 per share which meant it gained $0.16 on the day or 4.51% during that session. The CABA stock price is -610.24% off its 52-week high price of $26.35 and 6.47% above the 52-week low of $3.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.03 million shares traded. The 3-month trading volume is 1.05 million shares.
The consensus among analysts is that Cabaletta Bio Inc (CABA) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.
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Cabaletta Bio Inc (NASDAQ:CABA) trade information
Sporting 4.51% in the green 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 CABA stock price touched $3.71 or saw a rise of 13.32%. Year-to-date, Cabaletta Bio Inc shares have moved -83.66%, while the 5-day performance has seen it change -5.12%. Over the past 30 days, the shares of Cabaletta Bio Inc (NASDAQ:CABA) have changed -13.92%. Short interest in the company has seen 3.78 million shares shorted with days to cover at 3.86.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could jump 73.5% from current levels. The projected low price target is $3.0 while the price target rests at a high of $32.0. In that case, then, we find that the current price level is -762.53% off the targeted high while a plunge would see the stock lose 19.14% from current levels.
Cabaletta Bio Inc (CABA) estimates and forecasts
Figures show that Cabaletta Bio Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -70.06% over the past 6 months, with this year growth rate of -38.18%, compared to 17.50% for the industry.
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 -26.63% over the past 5 years.
CABA Dividends
Cabaletta Bio Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cabaletta Bio Inc (NASDAQ:CABA)’s Major holders
Insiders own 3.10% of the company shares, while shares held by institutions stand at 105.37% with a share float percentage of 108.74%. Investors are also buoyed by the number of investors in a company, with Cabaletta Bio Inc having a total of 203.0 institutions that hold shares in the company. The top two institutional holders are JENNISON ASSOCIATES LLC with over 5.55 million shares worth more than $41.49 million. As of 2024-06-30, JENNISON ASSOCIATES LLC held 11.2498% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 4.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $35.58 million and represent 9.6469% of shares outstanding.
