Currently, Capital Bancorp Inc [CBNK] is trading at $29.07, up 2.25%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CBNK shares have gain 8.63% over the last week, with a monthly amount drifted -5.59%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Capital Bancorp Inc [NASDAQ: CBNK] stock has seen the most recent analyst activity on July 24, 2024, when Hovde Group reiterated its Outperform rating and also boosted its price target to $28 from $26. Previously, Hovde Group reaffirmed its Outperform rating on April 23, 2024, and dropped its price target to $26. On April 01, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $28 on the stock. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on December 13, 2022, and downed its price target to $26. In a note dated September 15, 2022, Janney initiated an Buy rating.
This stock has fluctuated between a low of $19.02 and a high of $31.22 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. Capital Bancorp Inc [NASDAQ: CBNK] shares were valued at $29.07 at the most recent close of the market. An investor can expect a potential drop of -3.68% based on the average CBNK price forecast.
Analyzing the CBNK fundamentals
Trailing Twelve Months sales for Capital Bancorp Inc [NASDAQ:CBNK] were 224.00M which represents 9.58% growth. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 28.69 points at the first support level, and at 28.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.26, and for the 2nd resistance point, it is at 29.45.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Capital Bancorp Inc [NASDAQ:CBNK] is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.15, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 12.48.
Transactions by insiders
Recent insider trading involved Poynot Steven M, President and COO, that happened on Nov 01 ’24 when 2000.0 shares were purchased. EVP, Chief Financial Officer, Canuso Dominic C completed a deal on Nov 04 ’24 to buy 1000.0 shares. Meanwhile, EVP, Chief Financial Officer Canuso Dominic C bought 1000.0 shares on Nov 01 ’24.
