At the time of writing, Cara Therapeutics Inc [CARA] stock is trading at $0.37, up 6.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CARA shares have gain 14.24% over the last week, with a monthly amount drifted -0.70%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cara Therapeutics Inc [NASDAQ: CARA] stock has seen the most recent analyst activity on June 13, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $1 from $6. Previously, Needham downgraded its rating to Hold on June 13, 2024. On June 13, 2024, downgrade downgraded it’s rating to Neutral. Canaccord Genuity downgraded its rating to a Hold and decreased its price target to $1 on June 13, 2024. BofA Securities downgraded its rating to a Underperform and reduced its price target to $6 on March 08, 2023. JP Morgan upgraded its rating to Overweight for this stock on March 08, 2022, and upped its price target to $20.
For the past year, the stock price of Cara Therapeutics Inc fluctuated between $0.24 and $3.03. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Cara Therapeutics Inc [NASDAQ: CARA] shares were valued at $0.37 at the most recent close of the market. An investor can expect a potential return of 3818.92% based on the average CARA price forecast.
Analyzing the CARA fundamentals
According to Cara Therapeutics Inc [NASDAQ:CARA], the company’s sales were 11.00M for trailing twelve months, which represents an -85.71% plunge. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at -9.47%, Pretax Profit Margin comes in at -10.1%, and Net Profit Margin reading is -10.1%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.41 and Total Capital is -1.78. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.3459 points at the first support level, and at 0.3219 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.3829, and for the 2nd resistance point, it is at 0.3959.
Ratios To Look Out For
It is important to note that Cara Therapeutics Inc [NASDAQ:CARA] has a current ratio of 4.59. Also, the Quick Ratio is 4.48, while the Cash Ratio stands at 3.54. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 1.75.
Transactions by insiders
Recent insider trading involved Posner Christopher, PRESIDENT AND CEO, that happened on Aug 01 ’24 when 4149.0 shares were sold. PRESIDENT AND CEO, Posner Christopher completed a deal on May 02 ’24 to sell 3936.0 shares. Meanwhile, CHIEF MEDICAL OFFICER Goncalves Joana sold 2753.0 shares on Apr 05 ’24.
