In last trading session, Cara Therapeutics Inc (NASDAQ:CARA) saw 1.36 million shares changing hands with its beta currently measuring 0.64. Company’s recent per share price level of $0.31 trading at $0.02 or 6.98% at ring of the bell on the day assigns it a market valuation of $17.07M. That closing price of CARA’s stock is at a discount of -351.61% from its 52-week high price of $1.40 and is indicating a premium of 22.58% from its 52-week low price of $0.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.71 million shares which gives us an average trading volume of 378.33K if we extend that period to 3-months.
For Cara Therapeutics Inc (CARA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.25 in the current quarter.
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Cara Therapeutics Inc (NASDAQ:CARA) trade information
Upright in the green during last session for gaining 6.98%, in the last five days CARA remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $0.31 price level, adding 6.06% to its value on the day. Cara Therapeutics Inc’s shares saw a change of -58.10% in year-to-date performance and have moved 7.72% in past 5-day. Cara Therapeutics Inc (NASDAQ:CARA) showed a performance of 21.55% in past 30-days. Number of shares sold short was 0.61 million shares which calculate 1.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13.5 to the stock, which implies a rise of 97.7% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 30. It follows that stock’s current price would drop -222.58% in reaching the projected high whereas dropping to the targeted low would mean a loss of -222.58% for stock’s current value.
Cara Therapeutics Inc (CARA) estimates and forecasts
Statistics highlight that Cara Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -57.54% of value to its shares in past 6 months, showing an annual growth rate of 43.38% while that of industry is 17.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -68.40% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.62M for the same. And 3 analysts are in estimates of company making revenue of 1.6M in the next quarter. Company posted 4.87M and 3M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1.20% during past 5 years.
Cara Therapeutics Inc (NASDAQ:CARA)’s Major holders
Insiders are in possession of 15.75% of company’s total shares while institution are holding 32.70 percent of that, with stock having share float percentage of 38.81%. Investors also watch the number of corporate investors in a company very closely, which is 32.70% institutions for Cara Therapeutics Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CARA for having 2.25 million shares of worth $0.58 million. And as of 2024-06-30, it was holding 4.1224 of the company’s outstanding shares.
The second largest institutional holder is DISCIPLINED GROWTH INVESTORS INC /MN, which was holding about 1.94 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.546 of outstanding shares, having a total worth of $0.5 million.
