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The closing price of Cabaletta Bio Inc (NASDAQ: CABA) was $3.56 for the day, down -13.80% from the previous closing price of $4.13. In other words, the price has decreased by -$13.80 from its previous closing price. On the day, 7.37 million shares were traded. CABA stock price reached its highest trading level at $4.2 during the session, while it also had its lowest trading level at $3.36.
Ratios:
Our analysis of CABA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 8.11 and its Current Ratio is at 8.11. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.04.
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, UBS on October 10, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On February 05, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $36.
On November 29, 2023, William Blair started tracking the stock assigning a Outperform rating and target price of $38.William Blair initiated its Outperform rating on November 29, 2023, with a $38 target price.
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 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.
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 174002832 and an Enterprise Value of -11177016.
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 $1.76. The 50-Day Moving Average of the stock is -8.40%, while the 200-Day Moving Average is calculated to be -62.33%.
Shares Statistics:
CABA traded an average of 1.94M shares per day over the past three months and 7215380 shares per day over the past ten days. A total of 48.85M shares are outstanding, with a floating share count of 41.36M. Shares short for CABA as of 1730332800 were 3705924 with a Short Ratio of 1.85, compared to 1727654400 on 5323441. Therefore, it implies a Short% of Shares Outstanding of 3705924 and a Short% of Float of 7.84.
