Now Is The Time To Build A Position In Candel Therapeutics Inc (NASDAQ: CADL)

Candel Therapeutics Inc (NASDAQ:CADL)’s traded shares stood at 0.61 million during the last session, with the company’s beta value hitting -0.94. At the close of trading, the stock’s price was $5.14, to imply an increase of 4.90% or $0.24 in intraday trading. The CADL share’s 52-week high remains $14.30, putting it -178.21% down since that peak but still an impressive 84.44% since price per share fell to its 52-week low of $0.80. The company has a valuation of $166.92M, with an average of 0.81 million shares in intraday trading volume over the past 10 days and average of 367.94K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Candel Therapeutics Inc (CADL), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CADL a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.

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Candel Therapeutics Inc (NASDAQ:CADL) trade information

After registering a 4.90% upside in the last session, Candel Therapeutics Inc (CADL) has traded red over the past five days. The 5-day price performance for the stock is 9.25%, and -3.56% over 30 days. With these gigs, the year-to-date price performance is 249.66%. Short interest in Candel Therapeutics Inc (NASDAQ:CADL) saw shorts transact 1.78 million shares and set a 7.72 days time to cover.

Candel Therapeutics Inc (CADL) estimates and forecasts

Looking at statistics comparing Candel Therapeutics Inc share performance against respective industry, we note that the company has underperformed competitors. Candel Therapeutics Inc (CADL) shares are -28.11% down over the last 6 months, with its year-to-date growth rate lower than industry average at -25.95% against 17.50%.

CADL Dividends

Candel Therapeutics Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Candel Therapeutics Inc (NASDAQ:CADL)’s Major holders

Candel Therapeutics Inc insiders hold 30.39% of total outstanding shares, with institutional holders owning 22.53% of the shares at 32.37% float percentage. In total, 22.53% institutions holds shares in the company, led by NORTHPOND VENTURES, LLC. As of 2024-06-30, the company held over 1.94 million shares (or 6.628% of shares), all amounting to roughly $12.0 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 0.82 million shares, or about 2.819% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.1 million.