Cue Biopharma Inc (NASDAQ: CUE)’s stock price has gone decline by -5.59 in comparison to its previous close of 0.82, however, the company has experienced a 13.33% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-08-19 that Cue Biopharma, Inc. (NASDAQ:CUE ) Q2 2024 Earnings Conference Call August 19, 2024 4:30 PM ET Company Participants Daniel Passeri – CEO Anish Suri – President & Chief Scientific Officer Matteo Levisetti – Chief Medical Officer Conference Call Participants Stephen Willey – Stifel Ren Benjamin – Citizens JMP Maury Raycroft – Jefferies Leland Gershell – Oppenheimer Edward Tenthoff – Piper Sandler Operator Good day, and welcome to the Cue Biopharma Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode.
Is It Worth Investing in Cue Biopharma Inc (NASDAQ: CUE) Right Now?
Additionally, the 36-month beta value for CUE is 1.97. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CUE is 48.20M and currently, short sellers hold a 8.36% ratio of that float. The average trading volume of CUE on August 26, 2024 was 459.57K shares.
CUE’s Market Performance
CUE’s stock has seen a 13.33% increase for the week, with a 9.41% rise in the past month and a -55.78% fall in the past quarter. The volatility ratio for the week is 16.23%, and the volatility levels for the past 30 days are at 15.31% for Cue Biopharma Inc The simple moving average for the past 20 days is 7.56% for CUE’s stock, with a -59.21% simple moving average for the past 200 days.
Analysts’ Opinion of CUE
Many brokerage firms have already submitted their reports for CUE stocks, with Jefferies repeating the rating for CUE by listing it as a “Buy.” The predicted price for CUE in the upcoming period, according to Jefferies is $6 based on the research report published on March 13, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see CUE reach a price target of $10. The rating they have provided for CUE stocks is “Outperform” according to the report published on June 26th, 2023.
Piper Sandler gave a rating of “Overweight” to CUE, setting the target price at $7 in the report published on November 21st of the previous year.
CUE Trading at -18.08% from the 50-Day Moving Average
After a stumble in the market that brought CUE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.32% of loss for the given period.
Volatility was left at 15.31%, however, over the last 30 days, the volatility rate increased by 16.23%, as shares surge +14.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.70% lower at present.
During the last 5 trading sessions, CUE rose by +13.33%, which changed the moving average for the period of 200-days by -69.82% in comparison to the 20-day moving average, which settled at $0.7204. In addition, Cue Biopharma Inc saw -70.85% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CUE
Current profitability levels for the company are sitting at:
- -5.8 for the present operating margin
- 0.59 for the gross margin
The net margin for Cue Biopharma Inc stands at -5.66. The total capital return value is set at -1.86. Equity return is now at value -138.87, with -81.32 for asset returns.
Based on Cue Biopharma Inc (CUE), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at -4.14. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is -58.79.
Currently, EBITDA for the company is -48.56 million with net debt to EBITDA at 0.43. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 4.49for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.06.
Conclusion
In conclusion, Cue Biopharma Inc (CUE) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
