Additionally, the 36-month beta value for CTKB is 1.32. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for CTKB is 119.40M and currently, short sellers hold a 3.75% ratio of that float. The average trading volume of CTKB on November 01, 2024 was 600.05K shares.
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CTKB) stock’s latest price update
Cytek BioSciences Inc (NASDAQ: CTKB)’s stock price has increased by 1.42 compared to its previous closing price of 4.95. However, the company has seen a 6.93% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-18 that FREMONT, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) — Cytek Biosciences, Inc. (Nasdaq: CTKB) is set to elevate its presence at this year’s premier clinical industry events across the globe.
CTKB’s Market Performance
Cytek BioSciences Inc (CTKB) has experienced a 6.93% rise in stock performance for the past week, with a -2.43% drop in the past month, and a -13.98% drop in the past quarter. The volatility ratio for the week is 3.83%, and the volatility levels for the past 30 days are at 4.27% for CTKB. The simple moving average for the past 20 days is -0.17% for CTKB’s stock, with a -19.45% simple moving average for the past 200 days.
Analysts’ Opinion of CTKB
Many brokerage firms have already submitted their reports for CTKB stocks, with Stephens repeating the rating for CTKB by listing it as a “Overweight.” The predicted price for CTKB in the upcoming period, according to Stephens is $9 based on the research report published on December 14, 2023 of the previous year 2023.
Piper Sandler gave a rating of “Overweight” to CTKB, setting the target price at $20 in the report published on January 06th of the previous year.
CTKB Trading at -3.69% from the 50-Day Moving Average
After a stumble in the market that brought CTKB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.19% of loss for the given period.
Volatility was left at 4.27%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares sank -1.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.59% lower at present.
During the last 5 trading sessions, CTKB rose by +6.40%, which changed the moving average for the period of 200-days by -39.95% in comparison to the 20-day moving average, which settled at $5.02. In addition, Cytek BioSciences Inc saw -45.01% 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 CTKB starting from Yan Ming, who sale 20,000 shares at the price of $5.87 back on Apr 19 ’24. After this action, Yan Ming now owns 5,988,502 shares of Cytek BioSciences Inc, valued at $117,400 using the latest closing price.
Yan Ming, the CHIEF TECHNOLOGY OFFICER of Cytek BioSciences Inc, sale 1,900 shares at $7.00 during a trade that took place back on Apr 09 ’24, which means that Yan Ming is holding 6,008,502 shares at $13,304 based on the most recent closing price.
Stock Fundamentals for CTKB
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.55 for the gross margin
The net margin for Cytek BioSciences Inc stands at -0.09. The total capital return value is set at -0.06. Equity return is now at value -4.32, with -3.48 for asset returns.
Based on Cytek BioSciences Inc (CTKB), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -16.51.
Currently, EBITDA for the company is -17.11 million with net debt to EBITDA at 9.26. When we switch over and look at the enterprise to sales, we see a ratio of 2.64. The receivables turnover for the company is 4.42for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.33.
Conclusion
In conclusion, Cytek BioSciences Inc (CTKB) 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.
