Cesca Therapeutics Inc (NASDAQ:KOOL) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Cesca Therapeutics Inc (NASDAQ:KOOL) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $6.50 for the company and are anticipating that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also assigned Cesca Therapeutics an industry rank of 83 out of 256 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Cesca Therapeutics from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. HC Wainwright reissued a “buy” rating and issued a $6.50 price objective (up previously from $1.00) on shares of Cesca Therapeutics in a research report on Wednesday.

Shares of Cesca Therapeutics stock traded up $0.19 during trading hours on Friday, hitting $2.99. The company’s stock had a trading volume of 14,600 shares, compared to its average volume of 44,845. Cesca Therapeutics has a 1-year low of $2.10 and a 1-year high of $5.25. The business has a fifty day moving average of $3.08 and a 200 day moving average of $1.32. The company has a market capitalization of $6.91 million, a PE ratio of -0.83 and a beta of 1.00. The company has a quick ratio of 0.81, a current ratio of 1.52 and a debt-to-equity ratio of 0.50.

Cesca Therapeutics (NASDAQ:KOOL) last released its quarterly earnings data on Tuesday, August 13th. The biotechnology company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.13. Cesca Therapeutics had a negative net margin of 98.84% and a negative return on equity of 77.30%. The company had revenue of $4.31 million during the quarter, compared to analyst estimates of $3.40 million. On average, sell-side analysts anticipate that Cesca Therapeutics will post -2 earnings per share for the current fiscal year.

Cesca Therapeutics Company Profile

Cesca Therapeutics Inc develops, commercializes, and markets a range of automated technologies and products for cell-based therapeutics in the United States, China, rest of Asia, Europe, and internationally. The company develops automated blood and bone marrow processing systems that enable the separation, processing, and preservation of cell and tissue therapy products.

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