The stock of Cabaletta Bio Inc. (CABA) has gone up by 22.46% for the week, with a 52.87% rise in the past month and a 42.15% rise in the past quarter. The volatility ratio for the week is 12.41%, and the volatility levels for the past 30 days are 8.98% for CABA. The simple moving average for the past 20 days is 30.92% for CABA’s stock, with a 77.20% simple moving average for the past 200 days.
Is It Worth Investing in Cabaletta Bio Inc. (NASDAQ: CABA) Right Now?
Moreover, the 36-month beta value for CABA is 2.53. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Cabaletta Bio Inc. (CABA) is $25.50, which is $1.52 above the current market price. The public float for CABA is 34.78M and currently, short sellers hold a 9.36% of that float. On September 19, 2023, CABA’s average trading volume was 638.82K shares.
CABA) stock’s latest price update
The stock of Cabaletta Bio Inc. (NASDAQ: CABA) has increased by 17.96 when compared to last closing price of 15.81.Despite this, the company has seen a gain of 22.46% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-08 that Cabaletta Bio, Inc. (CABA) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Analysts’ Opinion of CABA
Many brokerage firms have already submitted their reports for CABA stocks, with Citigroup repeating the rating for CABA by listing it as a “Buy.” The predicted price for CABA in the upcoming period, according to Citigroup is $22 based on the research report published on September 05, 2023 of the current year 2023.
CABA Trading at 40.19% 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 able to rebound, for now settling with 11.14% of gains for the given period.
Volatility was left at 8.98%, however, over the last 30 days, the volatility rate increased by 12.41%, as shares surge +47.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.39% upper at present.
During the last 5 trading sessions, CABA rose by +22.46%, which changed the moving average for the period of 200-days by +380.67% in comparison to the 20-day moving average, which settled at $14.54. In addition, Cabaletta Bio Inc. saw 101.62% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CABA starting from Binder Gwendolyn, who sale 11,000 shares at the price of $13.42 back on Aug 21. After this action, Binder Gwendolyn now owns 20,000 shares of Cabaletta Bio Inc., valued at $147,583 using the latest closing price.
Binder Gwendolyn, the of Cabaletta Bio Inc., sale 11,000 shares at $13.82 during a trade that took place back on Jul 19, which means that Binder Gwendolyn is holding 20,000 shares at $152,022 based on the most recent closing price.
Stock Fundamentals for CABA
The total capital return value is set at -47.57, while invested capital returns managed to touch -47.00. Equity return is now at value -50.40, with -46.30 for asset returns.
Based on Cabaletta Bio Inc. (CABA), the company’s capital structure generated 4.92 points at debt to equity in total, while total debt to capital is 4.69. Total debt to assets is 4.39, with long-term debt to equity ratio resting at 2.83. Finally, the long-term debt to capital ratio is 2.70.
The liquidity ratio also appears to be rather interesting for investors as it stands at 11.47.
Conclusion
To wrap up, the performance of Cabaletta Bio Inc. (CABA) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
