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After finishing at $4.37 in the prior trading day, Cabaletta Bio Inc (NASDAQ: CABA) closed at $4.02, down -8.01%. In other words, the price has decreased by -$8.01 from its previous closing price. On the day, 0.86 million shares were traded. CABA stock price reached its highest trading level at $4.39 during the session, while it also had its lowest trading level at $3.96.
Ratios:
Our goal is to gain a better understanding of CABA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.52 and its Current Ratio is at 11.52. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on February 05, 2024, initiated with a Buy rating and assigned the stock a target price of $36.
On November 29, 2023, William Blair started tracking the stock assigning a Outperform rating and target price of $38.
On October 24, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $40.Cantor Fitzgerald initiated its Overweight rating on October 24, 2023, with a $40 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 19 ’24 when Binder Gwendolyn sold 11,000 shares for $19.59 per share. The transaction valued at 215,439 led to the insider holds 20,000 shares of the business.
Binder Gwendolyn sold 11,000 shares of CABA for $240,789 on Dec 19 ’23. The insider now owns 20,000 shares after completing the transaction at $21.89 per share. On Nov 20 ’23, another insider, Binder Gwendolyn, who serves as the insider of the company, sold 11,000 shares for $17.82 each. As a result, the insider received 196,014 and left with 20,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CABA now has a Market Capitalization of 196371776 and an Enterprise Value of 546665.
Stock Price History:
Over the past 52 weeks, CABA has reached a high of $26.35, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is -28.19%, while the 200-Day Moving Average is calculated to be -71.02%.
Shares Statistics:
The stock has traded on average 1.12M shares per day over the past 3-months and 1184020 shares per day over the last 10 days, according to various share statistics. A total of 47.82M shares are outstanding, with a floating share count of 41.14M. Insiders hold about 15.78% of the company’s shares, while institutions hold 97.23% stake in the company. Shares short for CABA as of 1724976000 were 6387863 with a Short Ratio of 5.69, compared to 1722384000 on 8774434. Therefore, it implies a Short% of Shares Outstanding of 6387863 and a Short% of Float of 13.51.
