During the last session, Caribou Biosciences Inc (NASDAQ:CRBU)’s traded shares were 2.23 million, with the beta value of the company hitting 2.25. At the end of the trading day, the stock’s price was $1.96, reflecting an intraday loss of -1.51% or -$0.03. The 52-week high for the CRBU share is $8.33, that puts it down -325.0 from that peak though still a striking 23.47% gain since the share price plummeted to a 52-week low of $1.50. The company’s market capitalization is $177.48M, and the average intraday trading volume over the past 10 days was 1.98 million shares, and the average trade volume was 1.15 million shares over the past three months.
Caribou Biosciences Inc (CRBU) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.44. CRBU has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.4.
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Caribou Biosciences Inc (NASDAQ:CRBU) trade information
Caribou Biosciences Inc (CRBU) registered a -1.51% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.51% in intraday trading to $1.96, hitting a weekly high. The stock’s 5-day price performance is -10.91%, and it has moved by -1.01% in 30 days. Based on these gigs, the overall price performance for the year is -64.75%. The short interest in Caribou Biosciences Inc (NASDAQ:CRBU) is 9.94 million shares and it means that shorts have 11.03 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 34.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, CRBU is trading at a discount of -53.06% off the target high and -53.06% off the low.
Caribou Biosciences Inc (CRBU) estimates and forecasts
Statistics show that Caribou Biosciences Inc has underperformed its competitors in share price, compared to the industry in which it operates. Caribou Biosciences Inc (CRBU) shares have gone down -36.98% during the last six months, with a year-to-date growth rate less than the industry average at -18.84% against 18.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 2.22% this quarter and then jump 5.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -73.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.54M as predicted by 6 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 2.75M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.56M and 2.43M respectively. In this case, analysts expect current quarter sales to shrink by -56.81% and then jump by 13.22% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -37.16%. While earnings are projected to return -21.88% in 2024, the next five years will return 14.50% per annum.
CRBU Dividends
Caribou Biosciences Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Caribou Biosciences Inc (NASDAQ:CRBU)’s Major holders
Caribou Biosciences Inc insiders own 10.01% of total outstanding shares while institutional holders control 62.57%, with the float percentage being 69.53%. BLACKROCK INC. is the largest shareholder of the company, while 182.0 institutions own stock in it. As of 2024-06-30, the company held over 6.95 million shares (or 7.7801% of all shares), a total value of $11.39 million in shares.
The next largest institutional holding, with 4.54 million shares, is of VANGUARD GROUP INC’s that is approximately 5.0891% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.45 million.
