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Cabaletta Bio Inc. (CABA) Reveals an Earnings Mystery

Cabaletta Bio Inc. (NASDAQ:CABA) went up by 7.83% from its latest closing price compared to the recent 1-year high of $14.95. The company’s stock price has collected -8.15% of loss in the last five trading sessions.

Is It Worth Investing in Cabaletta Bio Inc. (NASDAQ :CABA) Right Now?

CABA currently public float of 27.73M and currently shorts hold a 7.05% ratio of that float. Today, the average trading volume of CABA was 161.80K shares.

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CABA’s Market Performance

CABA stocks went down by -8.15% for the week, with a monthly jump of 16.98% and a quarterly performance of -13.89%, while its annual performance rate touched -84.00%. The volatility ratio for the week stands at 15.90% while the volatility levels for the past 30 days are set at 12.31% for Cabaletta Bio Inc. The simple moving average for the period of the last 20 days is -10.08% for CABA stocks with a simple moving average of -71.08% for the last 200 days.

Analysts’ Opinion of CABA

Many brokerage firms have already submitted their reports for CABA stocks, with Wells Fargo repeating the rating for CABA by listing it as a “Overweight.” The predicted price for CABA in the upcoming period, according to Wells Fargo is $17 based on the research report published on December 08th of the previous year 2021.

Morgan Stanley, on the other hand, stated in their research note that they expect to see CABA reach a price target of $20. The rating they have provided for CABA stocks is “Overweight” according to the report published on October 19th, 2021.

Mizuho gave a rating of “Buy” to CABA, setting the target price at $22 in the report published on June 30th of the previous year.

CABA Trading at -1.34% from the 50-Day Moving Average

After a stumble in the market that brought CABA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.71% of loss for the given period.

Volatility was left at 12.31%, however, over the last 30 days, the volatility rate increased by 15.90%, as shares surge +7.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.46% lower at present.

During the last 5 trading sessions, CABA fell by -8.15%, which changed the moving average for the period of 200-days by -89.88% in comparison to the 20-day moving average, which settled at $1.3835. In addition, Cabaletta Bio Inc. saw -67.28% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CABA starting from 5AM Ventures V, L.P., who sale 295,000 shares at the price of $13.00 back on Nov 01. After this action, 5AM Ventures V, L.P. now owns 333,144 shares of Cabaletta Bio Inc., valued at $3,835,000 using the latest closing price.

5AM Ventures V, L.P., the 10% Owner of Cabaletta Bio Inc., sale 625,000 shares at $9.70 during a trade that took place back on Sep 07, which means that 5AM Ventures V, L.P. is holding 1,989,575 shares at $6,062,500 based on the most recent closing price.

Stock Fundamentals for CABA

Equity return is now at value -44.80, with -42.20 for asset returns.