Stocks of Capricor Therapeutics Inc (NASDAQ:CAPR) traded higher last session on Wall Street, up 6.85% to $19.33.
CAPR stock price is now 191.82% away from the 50-day moving average and 251.75% away from the 200-day moving average. The market capitalization of the company currently stands at $629.00M.
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With the price target of $14, Oppenheimer recently initiated with Outperform rating for Capricor Therapeutics Inc (NASDAQ: CAPR). On January 05, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $8, while ‘Ladenburg Thalmann’ rates the stock as ‘Buy’
In other news, Nippon Shinyaku Co Ltd, 10% Owner bought 2,798,507 shares of the company’s stock on Sep 20 ’24. The stock was bought for $14,999,998 at an average price of $5.36. Upon completion of the transaction, the 10% Owner now directly owns 7,090,351 shares in the company, valued at $137.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 12 ’23, Director Musket David B bought 410 shares of the business’s stock. A total of $1,128 was incurred on buying the stock at an average price of $2.75. This leaves the insider owning 31,536 shares of the company worth $0.61 million. A total of 16.78% of the company’s stock is owned by insiders.
During the past 12 months, Capricor Therapeutics Inc has had a low of $2.68 and a high of $21.98. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 1.37, and a quick ratio of 1.37. The fifty day moving average price for CAPR is $6.6242 and a two-hundred day moving average price translates $5.49555 for the stock.
The latest earnings results from Capricor Therapeutics Inc (NASDAQ: CAPR) was released for 2024-06-30. The net profit margin was -102.93% and return on equity was -392.69% for CAPR. The company reported revenue of $3.97 million for the quarter, compared to $3.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.35 percent.
