With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.06 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $4.22 whereas the lowest price it dropped to was $3.965. The 52-week range on CABA shows that it touched its highest point at $26.35 and its lowest point at $3.47 during that stretch. It currently has a 1-year price target of $22.90. Beta for the stock currently stands at 2.38.
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Price Performance and Earnings:
Three-month performance dropped to -31.26% while six-month performance fell -67.03%. The stock lost -73.75% in the past year, while it has lost -81.50% so far this year. A look at the trailing 12-month EPS for CABA yields -1.91 with Next year EPS estimates of -2.41. For the next quarter, that number is -0.60. This implies an EPS growth rate of -35.79% for this year and -7.35% for next year.
Float and Shares Shorts:
At present, 47.82 million CABA shares are outstanding with a float of 41.14 million shares on hand for trading. On 2024-10-15, short shares totaled 3.78 million, which was 773.9999999999999 higher than short shares on 1726185600. In addition to Dr. Steven A. Nichtberger M.D. as the firm’s Co-Founder, Chairman, CEO & President, Dr. David J. Chang FACR, M.D., M.P.H. serves as its Chief Medical Officer.
Institutional Ownership:
Through their ownership of 1.0548 of CABA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, CABA reported revenue of $0.0 and operating income of -$30279000.0. The EBITDA in the recently reported quarter was -$29853000.0 and diluted EPS was -$0.56.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CABA since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CABA analysts setting a high price target of 35.0 and a low target of 10.0, the average target price over the next 12 months is 22.9. Based on these targets, CABA could surge 733.33% to reach the target high and rise by 138.1% to reach the target low. Reaching the average price target will result in a growth of 445.24% from current levels.
Analysts have provided yearly estimates in a range of -$2.11279 being high and -$2.34864 being low. For CABA, this leads to a yearly average estimate of -$2.24054.
