NASDAQ:RNAC

Cartesian Therapeutics (RNAC) Stock Price, News & Analysis

$25.60
+1.17 (+4.79%)
(As of 05/3/2024 ET)
Today's Range
$24.78
$27.29
50-Day Range
$13.12
$25.60
52-Week Range
$11.66
$42.60
Volume
137,405 shs
Average Volume
135,028 shs
Market Capitalization
$137.98 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$45.00

Cartesian Therapeutics MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
75.8% Upside
$45.00 Price Target
Short Interest
Bearish
45.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$365,981 Bought Last Quarter
Proj. Earnings Growth
Decreasing
From ($3.21) to ($3.46) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.33 out of 5 stars

Medical Sector

497th out of 904 stocks

Pharmaceutical Preparations Industry

224th out of 423 stocks

RNAC stock logo

About Cartesian Therapeutics Stock (NASDAQ:RNAC)

Cartesian Therapeutics, Inc., a clinical-stage biotechnology company, engages in the provision of mRNA cell therapies for the treatment of autoimmune diseases. It develops Descartes-08, an autologous anti-BCMA RNA-engineered chimeric antigen receptor T-cell therapy, currently under Phase 2b clinical development for generalized myasthenia gravis, as well as for patients with systemic lupus erythematosus, and myeloma autoimmune basket trials for other autoimmune diseases. The company develops Descartes-15 to treat Autoimmune diseases, myeloma; and Descartes-33 which is in preclinical development for treatment of autoimmune diseases. Cartesian Therapeutics, Inc. is headquartered in Gaithersburg, Maryland.

RNAC Stock Price History

RNAC Stock News Headlines

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Cartesian Therapeutics, Inc. (RNAC)
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Company Calendar

Last Earnings
3/07/2024
Today
5/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:RNAC
Previous Symbol
NASDAQ:RNAC
Employees
37
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.00
High Stock Price Target
$54.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+75.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-219,710,000.00
Net Margins
-845.01%
Pretax Margin
-917.97%

Debt

Sales & Book Value

Annual Sales
$26.00 million
Book Value
($85.17) per share

Miscellaneous

Free Float
3,710,000
Market Cap
$138.06 million
Optionable
Optionable
Beta
0.54
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RNAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Cartesian Therapeutics stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cartesian Therapeutics in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RNAC shares.
View RNAC analyst ratings
or view top-rated stocks.

What is Cartesian Therapeutics' stock price target for 2024?

4 Wall Street research analysts have issued 1 year target prices for Cartesian Therapeutics' stock. Their RNAC share price targets range from $39.00 to $54.00. On average, they anticipate the company's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 75.8% from the stock's current price.
View analysts price targets for RNAC
or view top-rated stocks among Wall Street analysts.

How have RNAC shares performed in 2024?

Cartesian Therapeutics' stock was trading at $20.6820 at the beginning of the year. Since then, RNAC shares have increased by 23.8% and is now trading at $25.60.
View the best growth stocks for 2024 here
.

Are investors shorting Cartesian Therapeutics?

Cartesian Therapeutics saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 638,500 shares, an increase of 117.8% from the March 31st total of 293,100 shares. Based on an average trading volume of 48,000 shares, the days-to-cover ratio is currently 13.3 days. Currently, 45.3% of the shares of the company are sold short.
View Cartesian Therapeutics' Short Interest
.

How were Cartesian Therapeutics' earnings last quarter?

Cartesian Therapeutics, Inc. (NASDAQ:RNAC) issued its quarterly earnings data on Thursday, March, 7th. The company reported ($2.40) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by $2.10. The business had revenue of $8.27 million for the quarter. Cartesian Therapeutics had a negative net margin of 845.01% and a negative trailing twelve-month return on equity of 58.21%.

When did Cartesian Therapeutics' stock split?

Cartesian Therapeutics's stock reverse split on the morning of Friday, April 5th 2024. The 1-30 reverse split was announced on Friday, April 5th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 5th 2024. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

Who are Cartesian Therapeutics' major shareholders?

Cartesian Therapeutics' stock is owned by many different institutional and retail investors. Top institutional investors include Delphi Financial Group Inc. (12.26%), BNP Paribas Financial Markets (1.10%) and Hall Laurie J Trustee (0.98%).
View institutional ownership trends
.

How do I buy shares of Cartesian Therapeutics?

Shares of RNAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RNAC) was last updated on 5/5/2024 by MarketBeat.com Staff

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