Cabaletta Bio Inc (NASDAQ:CABA) shares, rose in value, with the stock price down by -4.59% to the previous day’s close as strong demand from buyers drove the stock to $3.95.
Actively observing the price movement in the last trading, the stock closed the session at $4.14, falling within a range of $3.85 and $4.1801. The value of beta (5-year monthly) was 2.387. Referring to stock’s 52-week performance, its high was $26.35, and the low was $3.47. On the whole, CABA has fluctuated by -7.28% over the past month.
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With the market capitalization of Cabaletta Bio Inc currently standing at about $192.96 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CABA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CABA currently trading nearly -7.81% and -18.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.08, while the 7-day volatility ratio is showing 9.18% which for the 30-day chart, stands at 10.21%. Furthermore, Cabaletta Bio Inc (CABA)’s beta value is 2.39, and its average true range (ATR) is 0.43.
A comparison of Cabaletta Bio Inc (CABA) with its peers suggests the former has fared considerably weaker in the market. CABA showed an intraday change of -4.59% in last session, and over the past year, it shrunk by -76.06%%.
Data on historical trading for Cabaletta Bio Inc (NASDAQ:CABA) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 1.05 million. According to company’s latest data on outstanding shares, there are 47.82 million shares outstanding.
Nearly 15.78% of Cabaletta Bio Inc’s shares belong to company insiders and institutional investors own 97.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.32 million shares as on 2024-09-30, resulting in a short ratio of 5.41. According to the data, the short interest in Cabaletta Bio Inc (CABA) stood at 1126.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 6.39 million. The stock has fallen by -82.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CABA stock heading into the next quarter.
