Calidi Biotherapeutics Inc (AMEX:CLDI) price on Wednesday, December 04, fall -8.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.94.
A look at the stock’s price movement, the close in the last trading session was $2.11, moving within a range at $1.9 and $2.1299. The beta value (5-Year monthly) was 0.575. Turning to its 52-week performance, $26.30 and $0.73 were the 52-week high and 52-week low respectively. Overall, CLDI moved 46.97% over the past month.
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Calidi Biotherapeutics Inc’s market cap currently stands at around $33.98 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CLDI is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
CLDI’s current price about -7.20% and 28.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.07, while 7-day volatility ratio is 10.88% and 19.22% in the 30-day chart. Further, Calidi Biotherapeutics Inc (CLDI) has a beta value of 1.04, and an average true range (ATR) of 0.31. 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 -3.09% off current price level while to achieve the yearly target high, price needs to move -363.92%. Nonetheless, investors will most likely welcome a -183.51% 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 1.44 over the past 10 days and 1.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 93.11 million shares.
The 16.65% of Calidi Biotherapeutics Inc’s shares are in the hands of company insiders while institutional holders own 1.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.59 million on 2024-10-31, giving us a short ratio of 0.88. The data shows that as of 2024-10-31 short interest in Calidi Biotherapeutics Inc (CLDI) stood at 577.0 of shares outstanding, with shares short rising to 0.16 million registered in 2024-09-30. Current price change has pushed the stock -87.15% 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.
