In recent trading session, Cabaletta Bio Inc (NASDAQ:CABA) saw 0.54 million shares changing hands at last check today with its beta currently measuring 2.45. Company’s recent per share price level of $2.26 trading at -$0.03 or -1.53% at last check today assigns it a market valuation of $110.22M. That most recent trading price of CABA’s stock is at a discount of -1065.93% from its 52-week high price of $26.35 and is indicating a premium of 22.12% from its 52-week low price of $1.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.15 million shares which gives us an average trading volume of 2.30 million if we extend that period to 3-months.
For Cabaletta Bio Inc (CABA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.17. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.64 in the current quarter.
Cabaletta Bio Inc (NASDAQ:CABA) trade information
Upright in the red during last session for losing -1.53%, in the last five days CABA remained trading in the red while hitting it’s week-highest on Friday, 12/13/24 when the stock touched $2.26 price level, adding 24.16% to its value on the day. Cabaletta Bio Inc’s shares saw a change of -90.07% in year-to-date performance and have moved -23.30% in past 5-day. Cabaletta Bio Inc (NASDAQ:CABA) showed a performance of -11.22% in past 30-days. Number of shares sold short was 3.71 million shares which calculate 4.26 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 83.86% to its recent value today. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 32. It follows that stock’s current price would drop -32.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -32.74% for stock’s current value.
Cabaletta Bio Inc (CABA) estimates and forecasts
Statistics highlight that Cabaletta Bio Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -73.41% of value to its shares in past 6 months, showing an annual growth rate of -41.82% while that of industry is 17.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
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 -26.63% during past 5 years.
Cabaletta Bio Inc (NASDAQ:CABA)’s Major holders
Insiders are in possession of 3.10% of company’s total shares while institution are holding 100.47 percent of that, with stock having share float percentage of 103.68%. Investors also watch the number of corporate investors in a company very closely, which is 100.47% institutions for Cabaletta Bio Inc that are currently holding shares of the company. JENNISON ASSOCIATES LLC is the top institutional holder at CABA for having 5.55 million shares of worth $41.49 million. And as of 2024-06-30, it was holding 11.2498 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 4.76 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6469 of outstanding shares, having a total worth of $35.58 million.
On the other hand, Price (T.Rowe) Small-Cap Value Fund and Alger Small Cap Focus Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 2.04 shares of worth $4.84 million or 4.18% of the total outstanding shares. The later fund manager was in possession of 1.52 shares on Jul 31, 2024, making its stake of worth around $3.6 million in the company or a holder of 3.11% of company’s stock.
