While Cullinan Therapeutics Inc has overperformed by 0.12%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CGEM rose by 85.19%, with highs and lows ranging from $30.19 to $7.64, whereas the simple moving average fell by -5.06% in the last 200 days.
On May 01, 2024, Stifel started tracking Cullinan Therapeutics Inc (NASDAQ: CGEM) recommending Buy. A report published by William Blair on April 15, 2024, Initiated its previous ‘Outperform’ rating for CGEM. Wedbush also rated CGEM shares as ‘Outperform’, setting a target price of $30 on the company’s shares in an initiating report dated February 15, 2024. BTIG Research initiated its ‘Buy’ rating for CGEM, as published in its report on November 21, 2022. Morgan Stanley’s report from April 27, 2021 suggests a price prediction of $40 for CGEM shares, giving the stock a ‘Overweight’ rating. SVB Leerink also rated the stock as ‘Outperform’.
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Analysis of Cullinan Therapeutics Inc (CGEM)
To gain a thorough understanding of Cullinan Therapeutics Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -24.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 28.87, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CGEM is recording an average volume of 670.19K. On a monthly basis, the volatility of the stock is set at 6.53%, whereas on a weekly basis, it is put at 6.67%, with a loss of -5.04% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.71, showing growth from the present price of $16.76, which can serve as yet another indication of whether CGEM is worth investing in or should be passed over.
How Do You Analyze Cullinan Therapeutics Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 32.74%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CGEM shares are owned by institutional investors to the tune of 77.56% at present.
