Saturday, April 10, 2021

Wall Street Analyst Reiterated Cara Therapeutics Inc. [CARA]. What else is Wall St. saying

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Cara Therapeutics Inc. [NASDAQ: CARA] gained 13.98% or 3.33 points to close at $27.15 with a heavy trading volume of 9410072 shares. The company report on April 6, 2021 that Cara Therapeutics Set to Join S&P SmallCap 600.

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Cara Therapeutics Inc. (NASD:CARA) will replace MTS Systems Corp. (NASD:MTSC) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, April 8. S&P 500 constituent Amphenol Corp. (NYSE: APH) is acquiring MTS Systems in a deal expected to be completed soon pending final closing conditions.


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Following is a summary of the changes that will take place prior to the open of trading on the effective date:.

It opened the trading session at $26.552, the shares rose to $28.25 and dropped to $26.31, the range by which the price of stock traded the whole day. The daily chart for CARA points out that the company has recorded 105.99% gains over the past six months. However, it is still -120.73% lower than its most recent low trading price.

If we look at the average trading volume of 528.22K shares, CARA reached to a volume of 9410072 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Cara Therapeutics Inc. [CARA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CARA shares is $35.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CARA stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for Cara Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 21, 2020. While these analysts kept the previous recommendation, H.C. Wainwright dropped their target price from $31 to $30. The new note on the price target was released on August 12, 2019, representing the official price target for Cara Therapeutics Inc. stock. Previously, the target price had yet another raise from $26 to $32, while Laidlaw kept a Buy rating on CARA stock.

The Average True Range (ATR) for Cara Therapeutics Inc. is set at 1.29, with the Price to Sales ratio for CARA stock in the period of the last 12 months amounting to 10.00. The Price to Book ratio for the last quarter was 5.37, with the Price to Cash per share for the same quarter was set at 3.63.

Trading performance analysis for CARA stock

Cara Therapeutics Inc. [CARA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 35.82. With this latest performance, CARA shares gained by 50.08% in over the last four-week period, additionally plugging by 105.99% over the last 6 months – not to mention a rise of 111.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CARA stock in for the last two-week period is set at 84.57, with the RSI for the last a single of trading hit 91.08, and the three-weeks RSI is set at 79.12 for Cara Therapeutics Inc. [CARA]. The present Moving Average for the last 50 days of trading for this stock 19.77, while it was recorded at 23.00 for the last single week of trading, and 16.67 for the last 200 days.

Cara Therapeutics Inc. [CARA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Cara Therapeutics Inc. [CARA] shares currently have an operating margin of +3.99. Cara Therapeutics Inc.’s Net Margin is presently recorded at +6.23.

Return on Total Capital for CARA is now 2.42, given the latest momentum, and Return on Invested Capital for the company is 3.80. Return on Equity for this stock inclined to 3.86, with Return on Assets sitting at 3.34. When it comes to the capital structure of this company, Cara Therapeutics Inc. [CARA] has a Total Debt to Total Equity ratio set at 2.12. Additionally, CARA Total Debt to Total Capital is recorded at 2.07, with Total Debt to Total Assets ending up at 1.95. Long-Term Debt to Equity for the company is recorded at 1.48, with the Long-Term Debt to Total Capital now at 1.44.

Reflecting on the efficiency of the workforce at the company, Cara Therapeutics Inc. [CARA] managed to generate an average of $105,125 per employee. Receivables Turnover for the company is 70.15 with a Total Asset Turnover recorded at a value of 0.54.Cara Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.60 and a Current Ratio set at 10.60.

Cara Therapeutics Inc. [CARA]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Cara Therapeutics Inc. posted -0.62/share EPS, while the average EPS was predicted by analysts to be reported at -0.62/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CARA.

An analysis of insider ownership at Cara Therapeutics Inc. [CARA]

There are presently around $887 million, or 67.10% of CARA stock, in the hands of institutional investors. The top three institutional holders of CARA stocks are: BLACKROCK INC. with ownership of 3,632,266, which is approximately -1.696% of the company’s market cap and around 2.40% of the total institutional ownership; RHO CAPITAL PARTNERS INC, holding 2,799,058 shares of the stock with an approximate value of $75.99 million in CARA stocks shares; and FIRST MANHATTAN CO, currently with $72.16 million in CARA stock with ownership of nearly 25.107% of the company’s market capitalization.

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Positions in Cara Therapeutics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 70 institutional holders increased their position in Cara Therapeutics Inc. [NASDAQ:CARA] by around 2,026,941 shares. Additionally, 73 investors decreased positions by around 2,713,045 shares, while 38 investors held positions by with 27,933,290 shares. The mentioned changes placed institutional holdings at 32,673,276 shares, according to the latest SEC report filing. CARA stock had 23 new institutional investments in for a total of 201,095 shares, while 25 institutional investors sold positions of 252,013 shares during the same period.

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