How Have CohBar Inc. (CWBR) Insiders Been Trading?

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CohBar Inc. (NASDAQ:CWBR) traded with a subtraction of -$0.01 to $0.13 on Thursday, a downside of -8.57 percent. An average of 681,580 shares of common stock have been traded in the last five days. There was a fall of -$0.0382 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 489,025 shares traded, while the 50-day average volume stands at 355,824.

CWBR stock has decreased by -15.10% in the last month. The company shares reached their 1-month lowest point of $0.1250 on 09/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $0.14 and a high of $1.12 in 52 weeks. It has reached a new high 3 times so far this year and lost -59.33% or -$0.2131 in price. In spite of this, the price is down -88.38% from the 52-week high.


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Valuation Metrics

CohBar Inc. (CWBR) stock’s beta is 2.15. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.59.

Financial Health

The quick ratio of CohBar Inc. for the three months ended March 30 was 28.50, and the current ratio was 28.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $40000.0 compared to revenue of $15.41 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CohBar Inc.’s return on assets was -54.70%.

Earnings Surprise

For the three-month period that ended March 30, CohBar Inc. had $17.22 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$2.72 million in the quarter, while revenues of -$3.26 million were shrunk -91.91%. The analyst consensus anticipated CohBar Inc.’s latest quarter earnings to come in at -$0.04 per share, but it turned out to be -$0.04, a 0.00% surprise. For the quarter, EBITDA amounted to -$2.71 million. At the end of the quarter ending March 30, CohBar Inc.’s stock balance sheet showed total liabilities of 0.74 million. Shareholders own equity worth $87.15 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CohBar Inc. (CWBR) price momentum. RSI 9-day as of the close on 21 September was 30.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 103.81%.

As of today, CWBR’s price is $0.1497 -21.83% or -$0.0382 from its 5-day moving average. CWBR is currently trading -18.33% lower than its 20-day SMA and -46.10% lower than its 100-day SMA. However, the stock’s current price level is -31.22% below the SMA50 and -70.58% below the SMA200.

The stochastic %K and %D were 11.61% and 21.14%, respectively, and the average true range (ATR) was 0.0209. With the 14-day stochastic at 16.88% and the average true range at 0.0191, the RSI (14) stands at 33.83%. The stock has reached -0.0172 on the 9-day MACD Oscillator while the 14-day reading was at -0.0137.

Analyst Ratings

Aegis Capital launched coverage on CohBar Inc. (NASDAQ: CWBR) in its analyst report released on March 15, 2021. The firm assigned the stock a Buy rating. The consensus rating for CohBar Inc. (CWBR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CWBR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is CWBR’s price target for the next 12 months?

Analysts predict a range of price targets between $3.00 and $3.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for CohBar Inc. (CWBR) stock is $3.00.

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