Caribou Biosciences Inc (NASDAQ:CRBU) price on Wednesday, May 09, fall -6.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.50.
A look at the stock’s price movement, the close in the last trading session was $3.73. Turning to its 52-week performance, $8.59 and $3.44 were the 52-week high and 52-week low respectively. Overall, CRBU moved -21.52% over the past month.
Caribou Biosciences Inc’s market cap currently stands at around $316.12 million.
The average forecast suggests down to a -30.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.27M, representing a -64.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CRBU is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
CRBU’s current price about -10.24% and -31.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.43, while 7-day volatility ratio is 6.13% and 5.68% in the 30-day chart. Further, Caribou Biosciences Inc (CRBU) has a beta value of 2.56, and an average true range (ATR) of 0.25.
If we refocus on Caribou Biosciences Inc (NASDAQ:CRBU), historical trading data shows that trading volumes averaged 1.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 88.45 million shares.
The 11.72% of Caribou Biosciences Inc’s shares are in the hands of company insiders while institutional holders own 75.99% of the company’s shares. Current price change has pushed the stock -38.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRBU stock continues to rise going into the next quarter.