Cara Therapeutics Inc. (NASDAQ:CARA) currently has a daily average trading volume of 753.69K but it saw 815996 shares traded on Thursday. With a market cap of 179.84M USD, stock’s current market price of $3.28 came falling about -6.55 while comparing to the previous closing price of $3.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.98 and as low as $3.51. In the recent trading on the day, stock has struck highest price mark of $3.54 while lowest mark touched by it was $3.2494.
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Taking a look at 20-day trading activity of Cara Therapeutics Inc. (CARA) gives us an average price of $4.04, while its current price level is -74.73% below from 52-week high level whereas it is -6.42% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.42 while that of 200 days or SMA-200 reads an average of $8.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.64% during that period while stretching the period over a month that increases to 5.73%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 26.75 which implies that the stock is in oversold territory.
Cara Therapeutics Inc. (CARA)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $4.00 and $28.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $4.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $28.00. Average price target assigned by them is $17.63 which highlights an upside potential of 81.4% for the stock over that period. And to attain the median price target of $17.00 assigned by those analysts, stock has to add about 80.71% of value to its current levels.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 7 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, CARA’s stock price is moving -14.81% down while it is -18.00% when we observe its performance for the past one month. Year-to-date it is -69.46% down and over the past year, the stock is showing a downside performance of -60.34%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.49 beat the consensus estimate of -$0.52 for the same. The company is expected to be releasing its next quarterly report in 08/07/2023, for which analysts forecasted an EPS of -$0.51 while estimate for next year EPS is -$1.8. For CARA, analysts are forecasting an EPS-growth rate of -13.20% for current year and estimate for EPS growth in next year is 43.30%. In next quarter, company is expected to be making quarterly sales of $14.24 million as analysts are expecting the sales for current fiscal year at $49.02 million and seeing the company making $97.9 million in sales next year. Moreover, analysts are in estimates of $7.65 million for current-quarter revenue.
Currently, Cara Therapeutics Inc.’s total number of outstanding shares is 53.87M with 14.37% of that held by the insiders while 65.33% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -55.10% and return on equity (ROE) at -49.30%. Stock’s beta reads 0.86. Stock has a price to book (P/B) ratio of 1.29 while price to sale or P/S ratio amounts to 4.16. Its return on asset (ROA) is -43.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.16% in the Cara Therapeutics Inc. (CARA) decreasing its stake to 6.03% with control over 5236.0 shares in the company. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 0.94 million or 1.74% of the company’s stake having worth of about 3.95 million.
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