Somewhat Positive News Coverage Somewhat Unlikely to Impact Catabasis Pharmaceuticals (CATB) Stock Price
Media stories about Catabasis Pharmaceuticals (NASDAQ:CATB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Catabasis Pharmaceuticals earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the biotechnology company an impact score of 45.9590705515254 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research firms recently weighed in on CATB. Zacks Investment Research lowered shares of Catabasis Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup set a $3.50 price target on shares of Catabasis Pharmaceuticals and gave the company a “hold” rating in a report on Thursday, October 5th. CIBC reaffirmed an “outperform” rating and set a $7.00 price target (up from $4.00) on shares of Catabasis Pharmaceuticals in a report on Thursday, October 5th. Finally, Oppenheimer raised their price target on shares of Catabasis Pharmaceuticals from $4.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $4.82.
Catabasis Pharmaceuticals (CATB) remained flat at $$1.53 on Friday. 104,065 shares of the company’s stock were exchanged, compared to its average volume of 212,751. Catabasis Pharmaceuticals has a 12-month low of $1.08 and a 12-month high of $5.00. The firm has a market capitalization of $35.32 and a price-to-earnings ratio of -1.01.
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Catabasis Pharmaceuticals Company Profile
Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.
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