In last trading session, Cytek BioSciences Inc (NASDAQ:CTKB) saw 1.32 million shares changing hands with its beta currently measuring 1.47. Company’s recent per share price level of $7.22 trading at -$0.18 or -2.43% at ring of the bell on the day assigns it a market valuation of $949.47M. That closing price of CTKB’s stock is at a discount of -36.7% from its 52-week high price of $9.87 and is indicating a premium of 47.37% from its 52-week low price of $3.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.94 million shares which gives us an average trading volume of 664.57K if we extend that period to 3-months.
For Cytek BioSciences Inc (CTKB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.83. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.05 in the current quarter.
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Cytek BioSciences Inc (NASDAQ:CTKB) trade information
Upright in the red during last session for losing -2.43%, in the last five days CTKB remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $7.22 price level, adding 5.37% to its value on the day. Cytek BioSciences Inc’s shares saw a change of -20.83% in year-to-date performance and have moved 46.01% in past 5-day. Cytek BioSciences Inc (NASDAQ:CTKB) showed a performance of 43.54% in past 30-days. Number of shares sold short was 4.47 million shares which calculate 7.14 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8.5 to the stock, which implies a rise of 15.06% to its current value. Analysts have been projecting 8.5 as a low price target for the stock while placing it at a high target of 8.5. It follows that stock’s current price would drop -17.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -17.73% for stock’s current value.
Cytek BioSciences Inc (CTKB) estimates and forecasts
Statistics highlight that Cytek BioSciences Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 16.45% of value to its shares in past 6 months, showing an annual growth rate of -210.00% while that of industry is 16.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.70% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 60.88M for the same. And 5 analysts are in estimates of company making revenue of 49.4M in the next quarter. Company posted 58.23M and 44.86M 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 8.21% during past 5 years.
Cytek BioSciences Inc (NASDAQ:CTKB)’s Major holders
Insiders are in possession of 8.62% of company’s total shares while institution are holding 58.11 percent of that, with stock having share float percentage of 63.59%. Investors also watch the number of corporate investors in a company very closely, which is 58.11% institutions for Cytek BioSciences Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CTKB for having 17.07 million shares of worth $95.25 million. And as of 2024-06-30, it was holding 13.0387 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 11.75 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.972 of outstanding shares, having a total worth of $65.54 million.
