Ceribell Inc (NASDAQ:CBLL) price on Friday, February 28, fall -2.19% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.24.
A look at the stock’s price movement, the close in the last trading session was $23.76. Turning to its 52-week performance, $32.75 and $18.69 were the 52-week high and 52-week low respectively. Overall, CBLL moved -0.04% over the past month.
Ceribell Inc’s market cap currently stands at around $833.58 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 19.3M for the company’s revenue for the quarter, with a low and high estimate of 19M and 19.5M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 83.71M, representing a 27.91% jump on that reported in the last financial year.
CBLL’s current price about 1.04% and -1.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.99, while 7-day volatility ratio is 6.26% and 5.05% in the 30-day chart. Further, Ceribell Inc (CBLL) has a beta value of 0, and an average true range (ATR) of 1.28. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $30 and high of $30. Looking at the price targets, the low is -29.09% off current price level while to achieve the yearly target high, price needs to move -29.09%. Nonetheless, investors will most likely welcome a -29.09% jump to $30 which is the analysts’ median price.
If we refocus on Ceribell Inc (NASDAQ:CBLL), historical trading data shows that trading volumes averaged 224.31K over the past 3 months. The company’s latest data on shares outstanding shows there are 35.85 million shares.
The 43.69% of Ceribell Inc’s shares are in the hands of company insiders while institutional holders own 46.10% of the company’s shares. Current price change has pushed the stock -10.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CBLL stock continues to rise going into the next quarter.
