For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Cabaletta Bio Inc (NASDAQ: CABA) closed at $1.62 down -8.47% from its previous closing price of $1.77. In other words, the price has decreased by -$8.47 from its previous closing price. On the day, 1.56 million shares were traded. CABA stock price reached its highest trading level at $1.78 during the session, while it also had its lowest trading level at $1.61.
Ratios:
For a deeper understanding of Cabaletta Bio Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.78 and its Current Ratio is at 4.78. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 148173632 and an Enterprise Value of -21615322.
Stock Price History:
The Beta on a monthly basis for CABA is 2.86, which has changed by -0.7254237 over the last 52 weeks, in comparison to a change of 0.14064062 over the same period for the S&P500. Over the past 52 weeks, CABA has reached a high of $6.26, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -2.82%, while the 200-Day Moving Average is calculated to be -21.83%.
Shares Statistics:
For the past three months, CABA has traded an average of 1.90M shares per day and 1859010 over the past ten days. A total of 91.45M shares are outstanding, with a floating share count of 68.16M. Insiders hold about 25.48% of the company’s shares, while institutions hold 68.19% stake in the company. Shares short for CABA as of 1753920000 were 6025514 with a Short Ratio of 3.18, compared to 1751241600 on 5608447. Therefore, it implies a Short% of Shares Outstanding of 6025514 and a Short% of Float of 6.710000000000001.
Earnings Estimates
The company has 6.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.5, with high estimates of -$0.38 and low estimates of -$0.68.
Analysts are recommending an EPS of between -$1.84 and -$2.7 for the fiscal current year, implying an average EPS of -$2.32. EPS for the following year is -$1.66, with 6.0 analysts recommending between -$1.04 and -$2.2.
