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After finishing at $1.7 in the prior trading day, Cabaletta Bio Inc (NASDAQ: CABA) closed at $1.57, down -7.65%. In other words, the price has decreased by -$7.65 from its previous closing price. On the day, 7.93 million shares were traded. CABA stock price reached its highest trading level at $1.73 during the session, while it also had its lowest trading level at $1.57.
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 3.96 and its Current Ratio is at 3.96. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.08.
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 the company, Evercore ISI on December 20, 2024, Downgraded its rating to In-line and sets its target price to $6 from $15 previously.
On December 19, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $12 to $6.
On October 10, 2024, UBS started tracking the stock assigning a Buy rating and target price of $10.UBS initiated its Buy rating on October 10, 2024, with a $10 target price.
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 141210672 and an Enterprise Value of -23370332.
Stock Price History:
The Beta on a monthly basis for CABA is 2.75, which has changed by -0.7989757 over the last 52 weeks, in comparison to a change of 0.12748289 over the same period for the S&P500. Over the past 52 weeks, CABA has reached a high of $8.77, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -4.87%, while the 200-Day Moving Average is calculated to be -38.65%.
Shares Statistics:
The stock has traded on average 1.86M shares per day over the past 3-months and 2656890 shares per day over the last 10 days, according to various share statistics. A total of 89.94M shares are outstanding, with a floating share count of 81.83M. Insiders hold about 9.03% of the company’s shares, while institutions hold 43.23% stake in the company. Shares short for CABA as of 1749772800 were 6465638 with a Short Ratio of 3.47, compared to 1747267200 on 5523704. Therefore, it implies a Short% of Shares Outstanding of 6465638 and a Short% of Float of 7.32.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
