Caribou Biosciences Inc (NASDAQ: CRBU) Disappoints Wall Street With 9.40% Stock Price Gain

Caribou Biosciences Inc (NASDAQ:CRBU) has a beta value of 2.25 and has seen 2.96 million shares traded in the last trading session. The company, currently valued at $231.33M, closed the last trade at $2.56 per share which meant it gained $0.22 on the day or 9.40% during that session. The CRBU stock price is -225.39% off its 52-week high price of $8.33 and 41.41% above the 52-week low of $1.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.39 million shares traded. The 3-month trading volume is 968.27K shares.

The consensus among analysts is that Caribou Biosciences Inc (CRBU) is Buy stock at the moment, with a recommendation rating of 1.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.

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Caribou Biosciences Inc (NASDAQ:CRBU) trade information

Sporting 9.40% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CRBU stock price touched $2.56 or saw a rise of 0.78%. Year-to-date, Caribou Biosciences Inc shares have moved -55.32%, while the 5-day performance has seen it change 32.64%. Over the past 30 days, the shares of Caribou Biosciences Inc (NASDAQ:CRBU) have changed 40.66%. Short interest in the company has seen 11.51 million shares shorted with days to cover at 14.05.

Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 14.67% from current levels. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -17.19% off the targeted high while a plunge would see the stock gain -17.19% from current levels.

Caribou Biosciences Inc (CRBU) estimates and forecasts

Figures show that Caribou Biosciences Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -31.37% over the past 6 months, with this year growth rate of -27.54%, compared to 17.30% 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 -37.16% over the past 5 years. Earnings growth for 2024 is a modest -28.53% while over the next 5 years, the company’s earnings are expected to increase by 14.50%.

CRBU Dividends

Caribou Biosciences 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.

Caribou Biosciences Inc (NASDAQ:CRBU)’s Major holders

Insiders own 10.03% of the company shares, while shares held by institutions stand at 63.10% with a share float percentage of 70.13%. Investors are also buoyed by the number of investors in a company, with Caribou Biosciences Inc having a total of 187.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 6.95 million shares worth more than $11.39 million. As of 2024-06-30, BLACKROCK INC. held 7.7801% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 4.54 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.45 million and represent 5.0891% of shares outstanding.