Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Cabaletta Bio Inc’s stock clocked out at $2.19, up 1.39% from its previous closing price of $2.16. In other words, the price has increased by $1.39 from its previous closing price. On the day, 1.43 million shares were traded. CABA stock price reached its highest trading level at $2.245 during the session, while it also had its lowest trading level at $2.11.
Ratios:
To gain a deeper understanding of CABA’s stock, we examine its different ratios. 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 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.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
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 107041072 and an Enterprise Value of -11177016.
Stock Price History:
The Beta on a monthly basis for CABA is 2.47, which has changed by -0.8956522 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. 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 -26.68%, while the 200-Day Moving Average is calculated to be -68.78%.
Shares Statistics:
It appears that CABA traded 2.46M shares on average per day over the past three months and 1507110 shares per day over the past ten days. A total of 48.85M shares are outstanding, with a floating share count of 41.37M. Insiders hold about 15.36% of the company’s shares, while institutions hold 75.75% stake in the company. Shares short for CABA as of 1730332800 were 3705924 with a Short Ratio of 2.45, compared to 1727654400 on 5323441. Therefore, it implies a Short% of Shares Outstanding of 3705924 and a Short% of Float of 7.84.
