Cepton (NASDAQ:CPTN) Trading 1% Higher

Cepton, Inc. (NASDAQ:CPTN) shares traded up 1% on Thursday . The company traded as high as $2.90 and last traded at $2.90. 19,593 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 27,321 shares. The stock had previously closed at $2.87.

Cepton Stock Down 3.0 %

The stock has a market capitalization of $46.33 million, a PE ratio of -0.97 and a beta of 0.14. The stock’s 50 day moving average price is $2.77 and its 200-day moving average price is $3.07.

Cepton (NASDAQ:CPTN) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. The business had revenue of $4.95 million for the quarter, compared to the consensus estimate of $2.00 million. On average, analysts forecast that Cepton, Inc. will post -2.17 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cepton stock. Trellus Management Company LLC acquired a new position in shares of Cepton, Inc. (NASDAQ:CPTN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 57,835 shares of the company’s stock, valued at approximately $220,000. Trellus Management Company LLC owned about 0.37% of Cepton at the end of the most recent reporting period. 68.16% of the stock is currently owned by hedge funds and other institutional investors.

Cepton Company Profile

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.