Investor Confidence is Rising for Cabaletta Bio Inc. (NASDAQ:CABA)

Investor Confidence is Rising for Cabaletta Bio Inc. (NASDAQ:CABA)

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The Cabaletta Bio Inc. (CABA) shares are trading at higher $9.78 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $19.63 and the low is $5.51. Over the last 52 weeks, CABA is down -50.18% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CABA reported a profit of $0.41 million. Cabaletta Bio Inc. also saw revenues increase to $7.89 million. In addition, CABA has free cash flow of -$5.16 million as of 03-2020 The company’s EBITDA came in at -$7.82 million which compares well with its peers.

CABA Return on Equity (ROE) is -37.70%, and its Return on Assets is -19.50%. All told, it is clear that, CABA needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CABA has a short ratio of 1.19 and outstanding shares of 22.68M.

Company Outlook

CABA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 95360.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.88. Cabaletta Bio Inc. CABA also noted assets of $134.97 million at the end of the last quarter. Investors should also keep an eye on sector updates as CABA has historically followed its peers on positive news.

All told, Cabaletta Bio Inc. CABA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CABA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Cabaletta Bio Inc. CABA is now commanding a market cap of 200.49M and a float of 20.60M. CABA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CABA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CABA, either long or short, and we have not been compensated for this article.