Cibus Inc (NASDAQ:CBUS) price on Friday, June 13, fall -7.19% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.49.
A look at the stock’s price movement, the close in the last trading session was $1.60. Turning to its 52-week performance, $10.77 and $1.40 were the 52-week high and 52-week low respectively. Overall, CBUS moved -31.25% over the past month.
Cibus Inc’s market cap currently stands at around $74.40 million, with investors looking forward to this quarter’s earnings report slated for in July.
1 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 0 analyst(s) rate the stock as a Hold, 1 recommend CBUS 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CBUS’s current price about -38.74% and -30.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.01, while 7-day volatility ratio is 3.82% and 12.14% in the 30-day chart. Further, Cibus Inc (CBUS) has a beta value of 1.84, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $11.5, forecast between a low of $10.5 and high of $12.5. Looking at the price targets, the low is -604.7% off current price level while to achieve the yearly target high, price needs to move -738.93%. Nonetheless, investors will most likely welcome a -671.81% jump to $11.5 which is the analysts’ median price.
If we refocus on Cibus Inc (NASDAQ:CBUS), historical trading data shows that trading volumes averaged 293.98K over the past 3 months. The company’s latest data on shares outstanding shows there are 48.39 million shares.
The 29.91% of Cibus Inc’s shares are in the hands of company insiders while institutional holders own 24.97% of the company’s shares. Current price change has pushed the stock -46.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CBUS stock continues to rise going into the next quarter.
