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The price of Cytek BioSciences Inc (NASDAQ: CTKB) closed at $6.03 in the last session, up 1.34% from day before closing price of $5.95. In other words, the price has increased by $1.34 from its previous closing price. On the day, 0.58 million shares were traded. CTKB stock price reached its highest trading level at $6.1 during the session, while it also had its lowest trading level at $5.905.
Ratios:
We take a closer look at CTKB’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.03. For the most recent quarter (mrq), Quick Ratio is recorded 5.47 and its Current Ratio is at 6.21. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.07.
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, Stephens on December 14, 2023, initiated with a Overweight rating and assigned the stock a target price of $9.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 19 ’24 when Yan Ming sold 20,000 shares for $5.87 per share. The transaction valued at 117,400 led to the insider holds 5,988,502 shares of the business.
Yan Ming sold 1,900 shares of CTKB for $13,304 on Apr 09 ’24. The CHIEF TECHNOLOGY OFFICER now owns 6,008,502 shares after completing the transaction at $7.00 per share. On Mar 18 ’24, another insider, Yan Ming, who serves as the CHIEF TECHNOLOGY OFFICER of the company, sold 20,000 shares for $6.77 each. As a result, the insider received 135,400 and left with 6,030,402 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, CTKB now has a Market Capitalization of 776730368 and an Enterprise Value of 513468992. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.58 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 2.552 whereas that against EBITDA is -33.877.
Stock Price History:
The Beta on a monthly basis for CTKB is 1.36, which has changed by -0.038772225 over the last 52 weeks, in comparison to a change of 0.2936039 over the same period for the S&P500. Over the past 52 weeks, CTKB has reached a high of $9.87, while it has fallen to a 52-week low of $4.66. The 50-Day Moving Average of the stock is 11.14%, while the 200-Day Moving Average is calculated to be -1.60%.
Shares Statistics:
According to the various share statistics, CTKB traded on average about 686.41K shares per day over the past 3-months and 1312290 shares per day over the past 10 days. A total of 130.71M shares are outstanding, with a floating share count of 117.09M. Insiders hold about 9.10% of the company’s shares, while institutions hold 57.95% stake in the company. Shares short for CTKB as of 1730332800 were 4202305 with a Short Ratio of 6.12, compared to 1727654400 on 4304253. Therefore, it implies a Short% of Shares Outstanding of 4202305 and a Short% of Float of 4.2.
