Calidi Biotherapeutics Inc (AMEX:CLDI) price on Friday, October 25, rose 29.76% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.09.
A look at the stock’s price movement, the close in the last trading session was $0.84, moving within a range at $0.7446 and $1.2299. The beta value (5-Year monthly) was 0.604. Turning to its 52-week performance, $29.30 and $0.80 were the 52-week high and 52-week low respectively. Overall, CLDI moved -9.92% over the past month.
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Calidi Biotherapeutics Inc’s market cap currently stands at around $8.81 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-13.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CLDI is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CLDI’s current price about 1.90% and -5.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.52, while 7-day volatility ratio is 29.71% and 13.46% in the 30-day chart. Further, Calidi Biotherapeutics Inc (CLDI) has a beta value of 0.60, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $5.5, forecast between a low of $2 and high of $9. Looking at the price targets, the low is -83.49% off current price level while to achieve the yearly target high, price needs to move -725.69%. Nonetheless, investors will most likely welcome a -404.59% jump to $5.5 which is the analysts’ median price.
If we refocus on Calidi Biotherapeutics Inc (AMEX:CLDI), historical trading data shows that trading volumes averaged 0.26 over the past 10 days and 157.72K over the past 3 months. The company’s latest data on shares outstanding shows there are 8.08 million shares.
The 24.05% of Calidi Biotherapeutics Inc’s shares are in the hands of company insiders while institutional holders own 14.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.16 million on 2024-09-30, giving us a short ratio of 2.46. The data shows that as of 2024-09-30 short interest in Calidi Biotherapeutics Inc (CLDI) stood at 206.99999999999997 of shares outstanding, with shares short falling to 0.33 million registered in 2024-08-30. Current price change has pushed the stock -92.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CLDI stock continues to rise going into the next quarter.
