Calidi Biotherapeutics Inc (AMEX: CLDI) In 2024: Will It Be Worth Investing In?

In the last trading session, 1.16 million shares of the Calidi Biotherapeutics Inc (AMEX:CLDI) were traded, and its beta was 1.05. Most recently the company’s share price was $2.10, and it changed around $0.09 or 4.48% from the last close, which brings the market valuation of the company to $38.43M. CLDI currently trades at a discount to its 52-week high of $26.30, offering almost -1152.38% off that amount. The share price’s 52-week low was $0.73, which indicates that the current value has risen by an impressive 65.24% since then. We note from Calidi Biotherapeutics Inc’s average daily trading volume that its 10-day average is 1.2 million shares, with the 3-month average coming to 1.38 million.

Calidi Biotherapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended CLDI as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Calidi Biotherapeutics Inc is expected to report earnings per share of 0 for the current quarter.

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Calidi Biotherapeutics Inc (AMEX:CLDI) trade information

Instantly CLDI has showed a green trend with a performance of 4.48% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.20 on recent trading dayincreased the stock’s daily price by 4.55%. The company’s shares are currently down -86.09% year-to-date, but still down -0.94% over the last five days. On the other hand, Calidi Biotherapeutics Inc (AMEX:CLDI) is 44.83% up in the 30-day period. We can see from the shorts that 0.59 million shares have been sold at a short interest cover period of 0.88 day(s).

The consensus price target as assigned by Wall Street analysts is $5.5, which translates to bulls needing to increase their stock price by 61.82% from its current value. Analyst projections state that CLDI is forecast to be at a low of $2 and a high of $9.

Calidi Biotherapeutics Inc (CLDI) estimates and forecasts

Calidi Biotherapeutics Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 8.81 percent over the past six months and at a 74.10% annual growth rate that is well above the industry average of 17.10%.

Forecasts for the next quarter put sales growth at 0.00%.

CLDI Dividends

Calidi Biotherapeutics Inc’s next quarterly earnings report is expected to be released in January.

Calidi Biotherapeutics Inc (AMEX:CLDI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 18.16% of Calidi Biotherapeutics Inc shares, and 2.71% of them are in the hands of institutional investors. The stock currently has a share float of 3.31%.

Fidelity Extended Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Market Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 31.75 shares worth $66679.0, making up 0.24% of all outstanding shares. On the other hand, Bridgeway Funds Inc-Ultra Small Company Market Fund held roughly 10.0 shares worth around $20999.0, which represents about 0.08% of the total shares outstanding.