Caribou Biosciences Inc (NASDAQ:CRBU) shares, rose in value, with the stock price down by -3.27% to the previous day’s close as strong demand from buyers drove the stock to $3.85.
Actively observing the price movement in the last trading, the stock closed the session at $3.98. Referring to stock’s 52-week performance, its high was $8.59, and the low was $3.44. On the whole, CRBU has fluctuated by -27.22% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRBU’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CRBU currently trading nearly -12.79% and -32.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.97, while the 7-day volatility ratio is showing 5.91% which for the 30-day chart, stands at 5.62%. Furthermore, Caribou Biosciences Inc (CRBU)’s beta value is 2.53, and its average true range (ATR) is 0.29.
A comparison of Caribou Biosciences Inc (CRBU) with its peers suggests the former has fared considerably weaker in the market. CRBU showed an intraday change of -3.27% in last session, and over the past year, it shrunk by -13.29%%.
Data on historical trading for Caribou Biosciences Inc (NASDAQ:CRBU) indicates that the trading volumes over the past 3 months, they’ve averaged 1.61 million. According to company’s latest data on outstanding shares, there are 88.45 million shares outstanding.
Nearly 11.85% of Caribou Biosciences Inc’s shares belong to company insiders and institutional investors own 78.12% of the company’s shares. The stock has fallen by -32.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRBU stock heading into the next quarter.
