Cabaletta Bio Inc (NASDAQ:CABA)’s traded shares stood at 1.14 million during the last session, with the company’s beta value hitting 2.42. At the close of trading, the stock’s price was $2.34, to imply a decrease of -0.85% or -$0.02 in intraday trading. The CABA share’s 52-week high remains $26.35, putting it -1026.07% down since that peak but still an impressive 24.79% since price per share fell to its 52-week low of $1.76. The company has a valuation of $113.40M, with an average of 1.66 million shares in intraday trading volume over the past 10 days and average of 2.30 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cabaletta Bio Inc (CABA), translating to a mean rating of 1.33. Of 5 analyst(s) looking at the stock, 0 analyst(s) give CABA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy.
Cabaletta Bio Inc (NASDAQ:CABA) trade information
After registering a -0.85% downside in the last session, Cabaletta Bio Inc (CABA) has traded red over the past five days. The 5-day price performance for the stock is -17.09%, and 21.93% over 30 days. With these gigs, the year-to-date price performance is -89.96%. Short interest in Cabaletta Bio Inc (NASDAQ:CABA) saw shorts transact 3.71 million shares and set a 4.26 days time to cover.
The extremes give us $3 and $32 for target low and target high price respectively. As such, CABA has been trading -1267.52% off suggested target high and -28.21% from its likely low.
Cabaletta Bio Inc (CABA) estimates and forecasts
Looking at statistics comparing Cabaletta Bio Inc share performance against respective industry, we note that the company has underperformed competitors. Cabaletta Bio Inc (CABA) shares are -68.60% down over the last 6 months, with its year-to-date growth rate lower than industry average at -41.82% against 16.70%.
CABA Dividends
Cabaletta Bio 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.
Cabaletta Bio Inc (NASDAQ:CABA)’s Major holders
Cabaletta Bio Inc insiders hold 3.10% of total outstanding shares, with institutional holders owning 100.47% of the shares at 103.68% float percentage. In total, 100.47% institutions holds shares in the company, led by JENNISON ASSOCIATES LLC. As of 2024-06-30, the company held over 5.55 million shares (or 11.2498% of shares), all amounting to roughly $41.49 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 4.76 million shares, or about 9.6469% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $35.58 million.
We also have Price (T.Rowe) Small-Cap Value Fund and Alger Small Cap Focus Fund as the top two Mutual Funds with the largest holdings of the Cabaletta Bio Inc (CABA) shares. Going by data provided on Sep 30, 2024 , Price (T.Rowe) Small-Cap Value Fund holds roughly 2.04 shares. This is just over 4.18% of the total shares, with a market valuation of $4.78 million. Data from the same date shows that the other fund manager holds a little less at 1.52, or 3.11% of the shares, all valued at about 3.55 million.
