Calithera Biosciences Inc. (NASDAQ:CALA) went down by -1.72% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Biotechnology giant went up by $5.15 to trade ended Thursday trading at $5.24. This is down from the $5.24 price recorded on Wednesday’s trading session. Thanks to this latest performance, CALA is closer to the higher price 52-week target of $20.00 and further from the lowest price target of $9.00. Its performance from the start of the year has also been negative, with CALA down by -9.81% year-to-date.
Calithera Biosciences Inc. (CALA) started the day trading at $5.32 and recorded an intraday high of $5.3986. It also recorded an intraday low of $5.14 during Thursday’s trading session. Calithera Biosciences Inc. is a very active stock that recorded a trading volume that is less than -106.65% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 450200, which is less than -106.65 of the total average daily trading volume of 930.35K.
Calithera Biosciences Inc. (NASDAQ:CALA) 2020 Performance Impressive
The increase in CALA’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CALA currently stands at $8.18, which is higher than the current trading price of the stock by 37.04%. However, CALA’s current trading price is -110.2% lower than the 52-week low price of $2.45. In terms of trading volume, Calithera Biosciences Inc. currently experienced healthy participation during the last trading session. 450200 shares of Calithera Biosciences Inc. were traded on the stock exchange on Thursday, which is less than -106.65% of the 930.35K average trading volume of the stock.
The performance of the stock has been positive over the past year. CALA’s performance over the past one year has seen it surge by 20.61%, while the stock has gone down by -1.53% in the last six months. The quarterly performance of CALA currently stands at 17.31%, and it is down by -4.63% in the last month. The only negative figure was from the weekly performance, which currently reads -10.90%. At the time of writing CALA’s report, the company has a total market cap of $369.10M, making it one of the largest publicly-traded companies in the world.Calithera Biosciences Inc. also has over 93 employees all over the world.
CALA Insider Activities
For Calithera Biosciences Inc., insiders hold 75.00% of all company shares. The insider transactions over the past six months are down by -83.50%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 2,291,619 of their shares in 5 transactions. After these transactions, insiders at Calithera Biosciences Inc. now hold 452.25k shares, which is over 77.15% of the total company stocks. Institutional investors currently hold a large chunk of the CALA shares, as they control 0.64% of the company’s total stock.
CALA Fundamental Analysis
For Calithera Biosciences Inc., the stock’s diluted earnings per share (EPS) stands at -1.74. In the coming year, analysts expect the EPS to be -1.28. The stock’s EPS growth this year is -27.30%, 16.50% in the previous five years. In terms of revenue, Calithera Biosciences Inc.’s quarterly sales (YOY) is shrinking at -0.34, which is lower than the average annual revenue of 16.50% over the past half a decade.
CALA Analysts Prediction
H.C. Wainwright and H.C. Wainwright also believe that Calithera Biosciences Inc.’s stock is outperforming at the moment. CALA received a positive rating from H.C. Wainwright, which set a price target of $10-$14 for the stock.
CALA Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CALA currently stands at -3.23%, while the SMA50 is -13.35%. The biggest one is the SMA200, which is currently reading 0.45% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 37.72.
