While Cullinan Therapeutics Inc has underperformed by -2.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CGEM rose by 41.27%, with highs and lows ranging from $30.19 to $7.64, whereas the simple moving average fell by -33.64% in the last 200 days.
On October 24, 2024, UBS started tracking Cullinan Therapeutics Inc (NASDAQ: CGEM) recommending Buy. A report published by Stifel on May 01, 2024, Initiated its previous ‘Buy’ rating for CGEM. Wedbush Initiated an Outperform rating on February 15, 2024, and assigned a price target of $30. TD Cowen initiated its ‘Outperform’ rating for CGEM, as published in its report on June 15, 2023. BTIG Research’s report from November 21, 2022 suggests a price prediction of $20 for CGEM shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Overweight’.
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Analysis of Cullinan Therapeutics Inc (CGEM)
One of the most important indicators of Cullinan Therapeutics Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -26.18% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 24.46, 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.
For any stock, average volume can also provide valuable insight into volatility, and CGEM is recording 530.11K average volume. On a monthly basis, the volatility of the stock is set at 6.58%, whereas on a weekly basis, it is put at 7.84%, with a loss of -20.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.00, showing growth from the present price of $12.22, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 36.36%. 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 77.28% 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 77.28% at present.
