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The closing price of Cara Therapeutics Inc (NASDAQ: CARA) was $0.31 for the day, down -1.58% from the previous closing price of $0.31. In other words, the price has decreased by -$1.58 from its previous closing price. On the day, 0.51 million shares were traded. CARA stock price reached its highest trading level at $0.316 during the session, while it also had its lowest trading level at $0.2837.
Ratios:
Our analysis of CARA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.71 and its Current Ratio is at 4.77. In the meantime, Its Debt-to-Equity ratio is 61.97 whereas as Long-Term Debt/Eq ratio is at 57.15.
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, Stifel on June 13, 2024, Downgraded its rating to Hold and sets its target price to $1 from $6 previously.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 04 ’24 when Posner Christopher sold 3,668 shares for $0.29 per share. The transaction valued at 1,064 led to the insider holds 168,768 shares of the business.
Posner Christopher sold 4,149 shares of CARA for $1,452 on Aug 01 ’24. The PRESIDENT AND CEO now owns 172,436 shares after completing the transaction at $0.35 per share. On May 02 ’24, another insider, Posner Christopher, who serves as the PRESIDENT AND CEO of the company, sold 3,936 shares for $0.75 each. As a result, the insider received 2,952 and left with 176,585 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, CARA now has a Market Capitalization of 16736413 and an Enterprise Value of 7608789. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 23.67. Its current Enterprise Value per Revenue stands at 0.692 whereas that against EBITDA is -0.073.
Stock Price History:
Over the past 52 weeks, CARA has reached a high of $1.31, while it has fallen to a 52-week low of $0.24. The 50-Day Moving Average of the stock is 5.88%, while the 200-Day Moving Average is calculated to be -40.08%.
Shares Statistics:
CARA traded an average of 513.67K shares per day over the past three months and 624570 shares per day over the past ten days. A total of 54.48M shares are outstanding, with a floating share count of 45.77M. Insiders hold about 16.56% of the company’s shares, while institutions hold 24.73% stake in the company. Shares short for CARA as of 1730332800 were 942535 with a Short Ratio of 1.83, compared to 1727654400 on 832171. Therefore, it implies a Short% of Shares Outstanding of 942535 and a Short% of Float of 2.0.
