NASDAQ:RNAC

Cartesian Therapeutics (RNAC) Stock Price, News & Analysis

$21.17
-0.69 (-3.16%)
(As of 05/10/2024 ET)
Today's Range
$20.50
$23.53
50-Day Range
$13.12
$25.74
52-Week Range
$11.66
$42.60
Volume
54,832 shs
Average Volume
107,252 shs
Market Capitalization
$113.05 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
112.6% Upside
$45.00 Price Target
Short Interest
Bearish
6.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.31mentions of Cartesian Therapeutics in the last 14 days
Based on 20 Articles This Week
Insider Trading
Acquiring Shares
$365,474 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.

1.87 out of 5 stars

Medical Sector

677th out of 921 stocks

Pharmaceutical Preparations Industry

319th out of 428 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

Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
See More Headlines
Receive RNAC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Cartesian Therapeutics and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
3/07/2024
Today
5/11/2024
Next Earnings (Estimated)
8/15/2024
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
+112.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-219,710,000.00
Net Margins
-983.93%
Pretax Margin
-1,057.17%

Debt

Sales & Book Value

Annual Sales
$26 million
Book Value
($21.85) per share

Miscellaneous

Free Float
3,677,000
Market Cap
$113.05 million
Optionable
Optionable
Beta
0.54
7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

RNAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Cartesian Therapeutics stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cartesian Therapeutics in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price targets for Cartesian Therapeutics' shares. Their RNAC share price targets range from $39.00 to $54.00. On average, they predict the company's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 112.6% 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 2024. Since then, RNAC stock has increased by 2.4% and is now trading at $21.17.
View the best growth stocks for 2024 here
.

When is Cartesian Therapeutics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 15th 2024.
View our RNAC earnings forecast
.

How were Cartesian Therapeutics' earnings last quarter?

Cartesian Therapeutics, Inc. (NASDAQ:RNAC) announced its earnings results on Thursday, March, 7th. The company reported ($2.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by $2.10. The company earned $8.27 million during the quarter. Cartesian Therapeutics had a negative trailing twelve-month return on equity of 58.21% and a negative net margin of 983.93%.

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 market closes 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (118.17%), Delphi Financial Group Inc. (12.26%), BNP Paribas Financial Markets (1.10%), Hall Laurie J Trustee (0.98%) and SG Americas Securities LLC (0.88%).
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 5/11/2024 by MarketBeat.com Staff

From Our Partners