Currently, there are 90.43M common shares owned by the public and among those 82.07M shares have been available to trade.
Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 778,417 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 63,004 shares.
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The company’s stock has a 5-day price change of -1.80% and -7.75% over the past three months. CDTX shares are trading -9.96% year to date (YTD), with the 12-month market performance down to -55.04% lower. It has a 12-month low price of $0.59 and touched a high of $2.10 over the same period. CDTX has an average intraday trading volume of 691.80K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.90%, -2.02%, and -23.11% respectively.
Institutional ownership of Cidara Therapeutics Inc (NASDAQ: CDTX) shares accounts for 29.09% of the company’s 90.43M shares outstanding.
It has a market capitalization of $64.65M and a beta (3y monthly) value of 0.94. The earnings-per-share (ttm) stands at -$0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.46% over the week and 6.77% over the month.
Analysts forecast that Cidara Therapeutics Inc (CDTX) will achieve an EPS of -$0.1 for the current quarter, $0 for the next quarter and -$0.58 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.16 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 28.68%, and -88.04% over the next financial year.
Looking at the support for the CDTX, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on December 03, 2021, with the firm’s price target at $6.
