Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Cabaletta Bio Inc (NASDAQ: CABA) closed at $1.88 in the last session, down -2.08% from day before closing price of $1.92. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 2.14 million shares were traded. CABA stock price reached its highest trading level at $1.9699 during the session, while it also had its lowest trading level at $1.8.
Ratios:
We take a closer look at CABA’s different ratios to gain a better understanding of the stock. 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 95397024 and an Enterprise Value of -7639970.
Stock Price History:
The Beta on a monthly basis for CABA is 2.83, which has changed by -0.84081286 over the last 52 weeks, in comparison to a change of 0.11936104 over the same period for the S&P500. Over the past 52 weeks, CABA has reached a high of $13.50, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is 32.95%, while the 200-Day Moving Average is calculated to be -37.12%.
Shares Statistics:
According to the various share statistics, CABA traded on average about 1.31M shares per day over the past 3-months and 3717080 shares per day over the past 10 days. A total of 50.74M shares are outstanding, with a floating share count of 46.16M. Insiders hold about 9.03% of the company’s shares, while institutions hold 66.72% stake in the company. Shares short for CABA as of 1745971200 were 6097491 with a Short Ratio of 4.64, compared to 1743379200 on 6127590. Therefore, it implies a Short% of Shares Outstanding of 6097491 and a Short% of Float of 13.639999999999999.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
