Ceribell Inc (NASDAQ:CBLL) shares, rose in value on Friday, March 07, with the stock price up by 2.12% to the previous day’s close as strong demand from buyers drove the stock to $22.69.
Actively observing the price movement in the last trading, the stock closed the session at $22.22. Referring to stock’s 52-week performance, its high was $32.75, and the low was $18.69. On the whole, CBLL has fluctuated by -1.13% over the past month.
With the market capitalization of Ceribell Inc currently standing at about $813.85 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 83.71M, with a low estimate of 19M and a high estimate of 19.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 19.3M.
The stock’s technical analysis shows that the price of CBLL currently trading nearly -1.76% and -2.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.25, while the 7-day volatility ratio is showing 6.37% which for the 30-day chart, stands at 5.51%. Furthermore, Ceribell Inc (CBLL)’s average true range (ATR) is 1.34.
Data on historical trading for Ceribell Inc (NASDAQ:CBLL) indicates that the trading volumes over the past 3 months, they’ve averaged 240.64K. According to company’s latest data on outstanding shares, there are 35.85 million shares outstanding.
Nearly 43.69% of Ceribell Inc’s shares belong to company insiders and institutional investors own 46.10% of the company’s shares. The stock has fallen by -12.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CBLL stock heading into the next quarter.
