In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Candel Therapeutics Inc (NASDAQ: CADL) closed at $9.59 in the last session, up 8.36% from day before closing price of $8.85. In other words, the price has increased by $8.36 from its previous closing price. On the day, 0.76 million shares were traded. CADL stock price reached its highest trading level at $9.63 during the session, while it also had its lowest trading level at $8.66.
Ratios:
We take a closer look at CADL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.59 and its Current Ratio is at 2.59. In the meantime, Its Debt-to-Equity ratio is 1.79 whereas as Long-Term Debt/Eq ratio is at 1.05.
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, H.C. Wainwright on December 02, 2022, initiated with a Buy rating and assigned the stock a target price of $11.
On November 19, 2021, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $18.
On August 23, 2021, UBS started tracking the stock assigning a Buy rating and target price of $9.UBS initiated its Buy rating on August 23, 2021, with a $9 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, CADL now has a Market Capitalization of 281442528 and an Enterprise Value of 268791232.
Stock Price History:
Over the past 52 weeks, CADL has reached a high of $11.40, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 148.72%, while the 200-Day Moving Average is calculated to be 428.00%.
Shares Statistics:
According to the various share statistics, CADL traded on average about 5.50M shares per day over the past 3-months and 900800 shares per day over the past 10 days. A total of 29.21M shares are outstanding, with a floating share count of 15.66M. Insiders hold about 46.65% of the company’s shares, while institutions hold 5.81% stake in the company. Shares short for CADL as of 1713139200 were 2029145 with a Short Ratio of 0.37, compared to 1710460800 on 147274. Therefore, it implies a Short% of Shares Outstanding of 2029145 and a Short% of Float of 10.34.
