Cepton Inc. (NASDAQ:CPTN) finished Friday with a subtraction of -$0.1 to close at $0.72, a downside of -11.58 percent. An average of 674,540 shares of common stock have been traded in the last five days. There was a fall of -$0.1185 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 451,205 shares traded, while the 50-day average volume stands at 632,032.
CPTN stock has increased by 0.97% in the last month. The company shares reached their 1-month lowest point of $0.5900 on 07/17/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $0.32 and a high of $2.76 in 52 weeks. It has reached a new high 3 times so far this year and lost -43.19% or -$0.5485 in price. In spite of this, the price is down -73.86% from the 52-week high.
Insider Transactions
CPTN stock investors should be aware that Cepton Inc. (CPTN) stock had its last reported insider trading activity 2 days ago on Aug 10. In this transaction, the insider spent $195,000. CEO and President, Pei Jun, disposed of 500,000 shares at a price of $0.54 on Mar 16. The insider now owns more than $270,000 worth of shares. Prior to that, Chief Technology Officer McCord Mark went on to Sale 10,000 shares at $1.01 each on Mar 01. An amount of $10,100 was transacted.
Valuation Metrics
Cepton Inc. (CPTN) stock’s beta is -0.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.40.
Financial Health
The quick ratio of Cepton Inc. for the three months ended June 29 was 14.60, and the current ratio was 15.10, indicating that the company is able to meet its debt obligations. Cepton Inc.’s EBITDA margin for the year ending June 29 is -769.51%. Its gross profit as reported stood at $0.19 million compared to revenue of $7.43 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, Cepton Inc.’s return on assets was -79.70%.
Earnings Surprise
For the three-month period that ended June 29, Cepton Inc. had $37.04 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$14.19 million in the quarter, while revenues of -$14.74 million were grew 105.92%. The analyst consensus anticipated Cepton Inc.’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.09, a 0.00% surprise. For the quarter, EBITDA amounted to -$15.08 million. Shareholders own equity worth $158.24 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Cepton Inc. (CPTN) price momentum. RSI 9-day as of the close on 11 August was 47.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 113.13%.
As of today, CPTN’s price is $0.7608 -14.11% or -$0.1185 from its 5-day moving average. CPTN is currently trading +9.14% higher than its 20-day SMA and +55.40% higher than its 100-day SMA. However, the stock’s current price level is +60.44% above the SMA50 and -71.14% below the SMA200.
The stochastic %K and %D were 43.80% and 43.98%, respectively, and the average true range (ATR) was 0.0933. With the 14-day stochastic at 26.74% and the average true range at 0.0857, the RSI (14) stands at 51.93%. The stock has reached -0.0266 on the 9-day MACD Oscillator while the 14-day reading was at 0.0075.
Analyst Ratings
JP Morgan launched coverage on Cepton Inc. (NASDAQ: CPTN) in its analyst report released on September 20, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Cepton Inc. (CPTN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CPTN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is CPTN’s price target for the next 12 months?
Analysts predict a range of price targets between $1.40 and $4.00, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for Cepton Inc. (CPTN) stock is $2.35.
