In the last trading session, 7.93 million Cabaletta Bio Inc (NASDAQ:CABA) shares changed hands as the company’s beta touched 2.75. With the company’s per share price at $1.57 changed hands at -$0.13 or -7.65% during last session, the market valuation stood at $141.21M. CABA’s last price was a discount, traded about -458.6% off its 52-week high of $8.77. The share price had its 52-week low at $0.99, which suggests the last value was 36.94% up since then. When we look at Cabaletta Bio Inc’s average trading volume, we note the 10-day average is 2.66 million shares, with the 3-month average coming to 1.86 million.
Analysts gave the Cabaletta Bio Inc (CABA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.36. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CABA as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
Cabaletta Bio Inc (NASDAQ:CABA) trade information
Instantly CABA was in red as seen at the end of in last trading. With action -12.29%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -78.27%, with the 5-day performance at -12.29% in the red. However, in the 30-day time frame, Cabaletta Bio Inc (NASDAQ:CABA) is -16.04% down. Looking at the short shares, we see there were 6.47 million shares sold at short interest cover period of 1.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 88.79% from its current market value. According to analyst projections, CABA’s forecast low is 3 with 32 as the target high. To hit the forecast high, the stock’s price needs a -1938.22% plunge from its current level, while the stock would need to soar -91.08% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -20.35%. The 2025 estimates are for Cabaletta Bio Inc earnings to decrease by -5.33%, but the outlook for the next 5-year period is at 3.54% per year.
CABA Dividends
Cabaletta Bio Inc is expected to release its next quarterly earnings report on 2025-May-15.
Cabaletta Bio Inc (NASDAQ:CABA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.84% of Cabaletta Bio Inc shares while 68.37% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.37%. There are 68.37% institutions holding the Cabaletta Bio Inc stock share, with JENNISON ASSOCIATES LLC the top institutional holder. As of 2024-06-30, the company held 11.2498% of the shares, roughly 5.55 million CABA shares worth $41.49 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.6469% or 4.76 million shares worth $35.58 million as of 2024-06-30.
