Economy

Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) Moving Today - Up by 22.59%

Shares of Catabasis Pharma Cmn (NASDAQ:CATB) now have an Average Brokerage Recommendation of 1.5, number of Recs in ABR is 4 while industry rank of the company by ABR is out of 265. The company's market cap is $47.66 million. The Relative Strength Index (RSI) is a very common technical indicator used to assess the strength and weakness of momentum in stock movements. The RSI oscillates between zero and 100. Out of the analyst recommendations 2 rate Catabasis Pharma Cmn (NASDAQ:CATB) stock a Buy, 1 rate the stock Outperform, 2 rate Hold, 0 rate Underperform and 0 recommend a Sell.

Let's take an assessment at how Catabasis Pharmaceuticals, Inc. (CATB) is at 72.67. Catabasis Pharmaceuticals now has an average rating of "Buy" and an average target price of $4.00. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. There is no concrete way to calculate a price target. Yearly performance of the stock shows a bearish trend of -66.08% while year-to-date (YTD) performance reflected -41.27% negative outlook.

In the latest earnings report the EPS was $-1.71 and is projected to be $-1.39 for the current year with 22,481,000 shares now outstanding. Next quarter's EPS is forecasted to be $-0.33 with next year's EPS anticipated to be $-1.18.

Catabasis Pharmaceuticals, Inc. (CATB) now the company's industry has 12.58 P/E and the sector P/E is 16.13.

The company is expected to report earnings of $-0.33 a share for the next quarter.

At the end of June reporting period, 12 institutional holders increased their position in Catabasis Pharmaceuticals, Inc. The analysts estimated mean EPS at -0.31 while the high and low EPS estimate stand at -0.26 and -0.37 respectively. The company reported revenue of $0 in the same period a year ago. The Average True Range, a measure of volatility is at 0.17, however its weekly and monthly volatility is 15.65%, 10.35% respectively. The stock now has Monthly Volatility of 10.14% and Weekly Volatility of 10.17%. There are advantages to using a moving average in your trading, as well options on what type of moving average to use. Moving average strategies are also popular and can be tailored to any time frame, suiting both long term investors and short-term traders.

A moving average can help cut down the amount of "noise" on a price chart. Look at the direction of the moving average to get a basic idea of which way the price is moving. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range.

Shares of the company are trading at $2.54 which is well above $1.57, the 50 day moving average and much higher than the 200 day moving average of $1.57. An RSI above 70 is considered overbought and stocks are considered oversold at levels under 30. The most optimistic analyst sees the stock reaching $9 while the most conventional has $1.5 target price. (NASDAQ:CATB). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.



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