Celularity Inc (NASDAQ:CELU) price on Friday, November 15, rose 9.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.46.
A look at the stock’s price movement, the close in the last trading session was $2.25, moving within a range at $2.1183 and $3.7. The beta value (5-Year monthly) was 0.509. Turning to its 52-week performance, $7.97 and $1.30 were the 52-week high and 52-week low respectively. Overall, CELU moved -5.38% over the past month.
Celularity Inc’s market cap currently stands at around $54.09 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Jan-02.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CELU 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.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend CELU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CELU’s current price about 9.13% and -3.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.49, while 7-day volatility ratio is 43.66% and 34.94% in the 30-day chart. Further, Celularity Inc (CELU) has a beta value of 0.63, and an average true range (ATR) of 0.73. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $6 and high of $6. Looking at the price targets, the low is -143.9% off current price level while to achieve the yearly target high, price needs to move -143.9%. Nonetheless, investors will most likely welcome a -143.9% jump to $6 which is the analysts’ median price.
If we refocus on Celularity Inc (NASDAQ:CELU), historical trading data shows that trading volumes averaged 5.76 over the past 10 days and 907.12K over the past 3 months. The company’s latest data on shares outstanding shows there are 19.38 million shares.
The 51.12% of Celularity Inc’s shares are in the hands of company insiders while institutional holders own 11.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.74 million on 2024-10-31, giving us a short ratio of 18.95. The data shows that as of 2024-10-31 short interest in Celularity Inc (CELU) stood at 1135.9999 of shares outstanding, with shares short rising to 0.68 million registered in 2024-09-30. Current price change has pushed the stock -0.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CELU stock continues to rise going into the next quarter.
