Market Analysts see Catabasis Pharmaceuticals Inc. [CATB] gaining to $6. Time to buy?

Catabasis Pharmaceuticals Inc. [NASDAQ: CATB] slipped around -0.1 points on Monday, while shares priced at $2.00 at the close of the session, down -4.76%. The company report on May 14, 2021 that Catabasis Pharmaceuticals To Present At Upcoming Investor Conferences.

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Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a biopharmaceutical company, announced that Jill C. Milne, Ph.D., Chief Executive Officer, will present a corporate overview and provide information on its lead program QLS-215, which is in preclinical development for the treatment of hereditary angioedema, at the following upcoming virtual investor conferences:.

Oppenheimer Rare and Orphan Disease Summit. Presentations will be available on-demand on May 21, 2021.

Catabasis Pharmaceuticals Inc. stock is now -6.54% down from its year-to-date (YTD) trading value. CATB Stock saw the intraday high of $2.08 and lowest of $1.9221 per share. The company’s 52-week high price is 8.59, which means current price is +19.05% above from all time high which was touched on 01/29/21.

Compared to the average trading volume of 926.75K shares, CATB reached a trading volume of 1292912 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Catabasis Pharmaceuticals Inc. [CATB]?

Ladenburg Thalmann have made an estimate for Catabasis Pharmaceuticals Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 12, 2021. The new note on the price target was released on March 11, 2021, representing the official price target for Catabasis Pharmaceuticals Inc. stock.

The Average True Range (ATR) for Catabasis Pharmaceuticals Inc. is set at 0.18

How has CATB stock performed recently?

Catabasis Pharmaceuticals Inc. [CATB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.21. With this latest performance, CATB shares gained by 2.56% in over the last four-week period, additionally sinking by -5.21% over the last 6 months – not to mention a drop of -71.95% 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 CATB stock in for the last two-week period is set at 45.25, with the RSI for the last a single of trading hit 43.16, and the three-weeks RSI is set at 45.14 for Catabasis Pharmaceuticals Inc. [CATB]. The present Moving Average for the last 50 days of trading for this stock 2.10, while it was recorded at 2.11 for the last single week of trading, and 3.09 for the last 200 days.

Catabasis Pharmaceuticals Inc. [CATB]: Deeper insight into the fundamentals

Return on Total Capital for CATB is now -93.95, given the latest momentum, and Return on Invested Capital for the company is -95.87. Return on Equity for this stock declined to -97.66, with Return on Assets sitting at -83.60. When it comes to the capital structure of this company, Catabasis Pharmaceuticals Inc. [CATB] has a Total Debt to Total Equity ratio set at 2.57. Additionally, CATB Total Debt to Total Capital is recorded at 2.51, with Total Debt to Total Assets ending up at 2.20. Long-Term Debt to Equity for the company is recorded at 0.98, with the Long-Term Debt to Total Capital now at 0.95.

Reflecting on the efficiency of the workforce at the company, Catabasis Pharmaceuticals Inc. [CATB] managed to generate an average of -$1,865,000 per employee.Catabasis Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 33.50 and a Current Ratio set at 33.50.

Earnings analysis for Catabasis Pharmaceuticals Inc. [CATB]

With the latest financial reports released by the company, Catabasis Pharmaceuticals Inc. posted -0.53/share EPS, while the average EPS was predicted by analysts to be reported at -0.45/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -17.80%. 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 CATB.

Insider trade positions for Catabasis Pharmaceuticals Inc. [CATB]

There are presently around $23 million, or 60.10% of CATB stock, in the hands of institutional investors. The top three institutional holders of CATB stocks are: PERCEPTIVE ADVISORS LLC with ownership of 2,476,924, which is approximately New of the company’s market cap and around 0.11% of the total institutional ownership; SPHERA FUNDS MANAGEMENT LTD., holding 1,294,000 shares of the stock with an approximate value of $2.59 million in CATB stocks shares; and BLACKROCK INC., currently with $2.44 million in CATB stock with ownership of nearly 4.473% of the company’s market capitalization.

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Positions in Catabasis Pharmaceuticals Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 37 institutional holders increased their position in Catabasis Pharmaceuticals Inc. [NASDAQ:CATB] by around 7,005,461 shares. Additionally, 34 investors decreased positions by around 2,327,003 shares, while 7 investors held positions by with 2,310,758 shares. The mentioned changes placed institutional holdings at 11,643,222 shares, according to the latest SEC report filing. CATB stock had 16 new institutional investments in for a total of 6,026,473 shares, while 16 institutional investors sold positions of 1,307,961 shares during the same period.

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