Carisma Therapeutics (NASDAQ:CARM) Given “Neutral” Rating at HC Wainwright

HC Wainwright restated their neutral rating on shares of Carisma Therapeutics (NASDAQ:CARMFree Report) in a report released on Monday, Marketbeat Ratings reports.

Several other brokerages have also recently commented on CARM. Baird R W cut Carisma Therapeutics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. D. Boral Capital lowered their price objective on Carisma Therapeutics from $24.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. BTIG Research lowered Carisma Therapeutics from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. Robert W. Baird cut Carisma Therapeutics from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $1.00 in a research report on Thursday, December 12th. Finally, EF Hutton Acquisition Co. I upgraded shares of Carisma Therapeutics to a “strong-buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Carisma Therapeutics currently has a consensus rating of “Hold” and a consensus target price of $4.94.

Check Out Our Latest Stock Report on Carisma Therapeutics

Carisma Therapeutics Stock Performance

NASDAQ:CARM opened at $0.46 on Monday. The firm has a market capitalization of $19.06 million, a PE ratio of -0.29 and a beta of 1.44. The firm’s fifty day simple moving average is $0.87 and its 200 day simple moving average is $1.02. Carisma Therapeutics has a 1 year low of $0.38 and a 1 year high of $3.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.39.

Carisma Therapeutics (NASDAQ:CARMGet Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, hitting analysts’ consensus estimates of ($0.31). The company had revenue of $3.39 million during the quarter. Carisma Therapeutics had a negative return on equity of 957.20% and a negative net margin of 314.78%. On average, sell-side analysts anticipate that Carisma Therapeutics will post -1.32 EPS for the current year.

Institutional Trading of Carisma Therapeutics

Several large investors have recently made changes to their positions in CARM. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Carisma Therapeutics in the second quarter valued at about $40,000. Vanguard Group Inc. raised its stake in shares of Carisma Therapeutics by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,579,961 shares of the company’s stock worth $3,587,000 after acquiring an additional 11,200 shares during the last quarter. Wexford Capital LP lifted its position in shares of Carisma Therapeutics by 75.5% during the third quarter. Wexford Capital LP now owns 34,861 shares of the company’s stock worth $34,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Carisma Therapeutics by 3,661,933.3% during the third quarter. Barclays PLC now owns 549,305 shares of the company’s stock valued at $539,000 after purchasing an additional 549,290 shares during the last quarter. Institutional investors own 44.27% of the company’s stock.

Carisma Therapeutics Company Profile

(Get Free Report)

Carisma Therapeutics, Inc, a clinical-stage cell therapy company, focuses on discovering and developing immunotherapies to treat cancer and other serious diseases in the United States. The company's ex vivo CAR-M cell therapies include CT-0508, a CAR-macrophage, which is in Phase 1 clinical trial to treat solid tumors; CT-0525, a CAR-monocyte that is in Phase 1 clinical trial to treat solid tumors; and CT-1119, a mesothelin-targeted CAR-Monocyte that is in pre-clinical stage to treat patients with advanced mesothelin-positive solid tumors, including lung cancer, mesothelioma, pancreatic cancer, ovarian cancer, and others.

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Analyst Recommendations for Carisma Therapeutics (NASDAQ:CARM)

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