The stock price of Cepton Inc (NASDAQ: CPTN) has jumped by 21.94 compared to previous close of 2.78. Despite this, the company has seen a gain of 28.90% in its stock price over the last five trading days. Proactive Investors reported 2024-04-01 that Cepton, Inc. (NASDAQ:CPTN) reported an impressive 76% year-over-year increase in revenue for 2023, above the guidance provided when it released its third quarter earnings. The provider of high-performance lidar solutions reported full-year revenue of $13.1 million.
Is It Worth Investing in Cepton Inc (NASDAQ: CPTN) Right Now?
Moreover, the 36-month beta value for CPTN is 0.15. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CPTN is 4.81M and currently, short sellers hold a 2.21% of that float. On April 02, 2024, CPTN’s average trading volume was 27.19K shares.
CPTN’s Market Performance
The stock of Cepton Inc (CPTN) has seen a 28.90% increase in the past week, with a 29.39% rise in the past month, and a 4.63% gain in the past quarter. The volatility ratio for the week is 11.10%, and the volatility levels for the past 30 days are at 9.04% for CPTN. The simple moving average for the past 20 days is 32.37% for CPTN’s stock, with a -17.78% simple moving average for the past 200 days.
Analysts’ Opinion of CPTN
Many brokerage firms have already submitted their reports for CPTN stocks, with Craig Hallum repeating the rating for CPTN by listing it as a “Hold.” The predicted price for CPTN in the upcoming period, according to Craig Hallum is $2.50 based on the research report published on December 14, 2023 of the previous year 2023.
Northland Capital gave a rating of “Outperform” to CPTN, setting the target price at $5.50 in the report published on June 29th of the previous year.
CPTN Trading at 28.90% from the 50-Day Moving Average
After a stumble in the market that brought CPTN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.91% of loss for the given period.
Volatility was left at 9.04%, however, over the last 30 days, the volatility rate increased by 11.10%, as shares surge +28.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.31% upper at present.
During the last 5 trading sessions, CPTN rose by +28.90%, which changed the moving average for the period of 200-days by -50.24% in comparison to the 20-day moving average, which settled at $2.60. In addition, Cepton Inc saw 7.96% 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 CPTN starting from Qiu Ming, who sale 21,057 shares at the price of $0.56 back on Aug 21 ’23. After this action, Qiu Ming now owns 266,117 shares of Cepton Inc, valued at $11,792 using the latest closing price.
Han Liqun, the Chief Operating Officer of Cepton Inc, sale 18,673 shares at $0.56 during a trade that took place back on Aug 21 ’23, which means that Han Liqun is holding 512,855 shares at $10,457 based on the most recent closing price.
Stock Fundamentals for CPTN
Current profitability levels for the company are sitting at:
- -3.88 for the present operating margin
- 0.27 for the gross margin
The net margin for Cepton Inc stands at -3.83. The total capital return value is set at -0.73. Equity return is now at value -156.20, with -76.59 for asset returns.
Based on Cepton Inc (CPTN), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -3.25. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -18.16.
Currently, EBITDA for the company is -48.61 million with net debt to EBITDA at 0.85. When we switch over and look at the enterprise to sales, we see a ratio of 1.07. The receivables turnover for the company is 3.6for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.00.
Conclusion
To wrap up, the performance of Cepton Inc (CPTN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
