Cymabay Therapeutics Inc (CBAY) expanding its growth trajectory ahead

With 1.4 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.82 shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $26.30 whereas the lowest price it dropped to was $25.14. The 52-week range on CBAY shows that it touched its highest point at $25.72 and its lowest point at $7.26 during that stretch. It currently has a 1-year price target of $28.42. Beta for the stock currently stands at 0.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CBAY was up-trending over the past week, with a rise of 7.85%, but this was up by 9.97% over a month. Three-month performance surged to 63.63% while six-month performance rose 98.23%. The stock gained 205.47% in the past year, while it has gained 8.76% so far this year. A look at the trailing 12-month EPS for CBAY yields -0.93 with Next year EPS estimates of -1.38. For the next quarter, that number is -0.31. This implies an EPS growth rate of 21.92% for this year and -45.94% for next year.

Float and Shares Shorts:

At present, 113.40 million CBAY shares are outstanding with a float of 107.98 million shares on hand for trading. On Jan 31, 2024, short shares totaled 9.3 million, which was 8.20% higher than short shares on Dec 29, 2023. In addition to Mr. Sujal A. Shah as the firm’s President, CEO & Director, Dr. Charles A. McWherter Ph.D. serves as its President of Research & Development and Chief Scientific Officer.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CBAY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CBAY analysts setting a high price target of $36.00 and a low target of $20.00, the average target price over the next 12 months is $28.42. Based on these targets, CBAY could surge 40.13% to reach the target high and fall by -22.15% to reach the target low. Reaching the average price target will result in a growth of 10.63% from current levels.

Summary of Insider Activity:

Insiders traded CBAY stock several times over the past three months with 5 Buys and 5 Sells. In these transactions, 98,705 shares were bought while 81,205 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 585,559 while 518,514 shares were sold.