Cara Therapeutics Inc (CARA) concluded trading on Thursday at a closing price of $0.37, with 7.76 million shares of worth about $2.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -43.88% during that period and on July 11, 2024 the price saw a gain of about 27.97%. Currently the company’s common shares owned by public are about 54.48M shares, out of which, 45.58M shares are available for trading.
Stock saw a price change of 34.56% in past 5 days and over the past one month there was a price change of -45.60%. Year-to-date (YTD), CARA shares are showing a performance of -50.74% which decreased to -86.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.24 but also hit the highest price of $3.45 during that period. The average intraday trading volume for Cara Therapeutics Inc shares is 711.91K. The stock is currently trading 10.33% above its 20-day simple moving average (SMA20), while that difference is down -35.16% for SMA50 and it goes to -57.01% lower than SMA200.
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Cara Therapeutics Inc (NASDAQ: CARA) currently have 54.48M outstanding shares and institutions hold larger chunk of about 43.71% of that.
The stock has a current market capitalization of $20.01M and its 3Y-monthly beta is at 0.70. It has posted earnings per share of -$2.26 in the same period. It has Quick Ratio of 5.20 while making debt-to-equity ratio of 1.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CARA, volatility over the week remained 12.83% while standing at 17.43% over the month.
Stock’s fiscal year EPS is expected to rise by 41.64% while it is estimated to increase by 36.62% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on June 13, 2024 offering a Hold rating for the stock and assigned a target price range of between $6 and $1 to it. On June 13, 2024, H.C. Wainwright Downgrade their recommendations, while on June 13, 2024, Canaccord Genuity Downgrade their ratings for the stock with a price target of $1. Stock get an Underperform rating from BofA Securities on March 08, 2023.
