Cytek BioSciences Inc [CTKB] stock prices are up 2.78% to $5.54 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CTKB shares have gain 6.74% over the last week, with a monthly amount drifted -2.64%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cytek BioSciences Inc [NASDAQ: CTKB] stock has seen the most recent analyst activity on December 14, 2023, when Stephens initiated its Overweight rating and assigned the stock a price target of $9.
The stock price of Cytek BioSciences Inc [CTKB] has been fluctuating between $3.80 and $9.87 over the past year. Currently, Wall Street analysts expect the stock to reach $8.5 within the next 12 months. Cytek BioSciences Inc [NASDAQ: CTKB] shares were valued at $5.54 at the most recent close of the market. An investor can expect a potential return of 53.43% based on the average CTKB price forecast.
Analyzing the CTKB fundamentals
The Cytek BioSciences Inc [NASDAQ:CTKB] reported sales of 197.71M for trailing twelve months, representing a drop of -6.19%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.04 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 5.29 points at the first support level, and at 5.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.74, and for the 2nd resistance point, it is at 5.95.
Ratios To Look Out For
It’s worth pointing out that Cytek BioSciences Inc [NASDAQ:CTKB]’s Current Ratio is 7.33. In addition, the Quick Ratio stands at 6.38 and the Cash Ratio stands at 3.4. Considering the valuation of this stock, the price to sales ratio is 3.69, the price to book ratio is 1.87.
Transactions by insiders
Recent insider trading involved Yan Ming, CHIEF TECHNOLOGY OFFICER, that happened on Apr 19 ’24 when 20000.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Yan Ming completed a deal on Apr 09 ’24 to sell 1900.0 shares. Meanwhile, CHIEF TECHNOLOGY OFFICER Yan Ming sold 20000.0 shares on Mar 18 ’24.
