Brokers Add To Their Ratings On Cara Therapeutics Inc (CARA)

Cara Therapeutics Inc (CARA) Receives An Update From Brokers

Cara Therapeutics Inc (CARA) Receives An Update From Brokers

Switching over to some distances from popular moving averages, we see that the stock has been recorded 19.61% away from the 200 day moving average.

In other news, major shareholder Ventures Vi Lp Rho bought 500,000 shares of Cara Therapeutics stock in a transaction on Friday, March 31st. Cara Therapeutics has a consensus rating of Buy and an average target price of $26.43. Cara Therapeutics, Inc. was founded in 2004 and is headquartered in Stamford, Connecticut.

The share price of the company (CARA) was up +3.97%, with a high of 28.50 during the day and the volume of Cara Therapeutics Inc shares traded was 7980034.

As concerns shares volumes, in share Capital Company has 8756.46 million outstanding shares among them 8677.82 million shares have been floated in market exchange. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.

Cara Therapeutics (NASDAQ:CARA) last posted its quarterly earnings results on Thursday, May 4th. For the quarter, shares have been noted at 35.98%. The firm had revenue of $0.91 million for the quarter, compared to analyst estimates of $0.11 million. During the same quarter in the prior year, the company posted ($0.39) earnings per share. The business's revenue for the quarter was up 12900.0% on a year-over-year basis. The consensus recommendation by Thomson Reuters Analysts is Hold for RAD and their mean rating for the stock is 2.71 on scale of 1-5.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by Community Financial News and is the sole property of of Community Financial News. They may also be used to assist the trader figure out proper support and resistance levels for the stock. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & global copyright & trademark law. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Several large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. now owns 11,824 shares of the biopharmaceutical company's stock valued at $217,000 after buying an additional 60 shares during the period.

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock's prospects going forward. Dimensional Fund Advisors LP raised its position in shares of Cara Therapeutics by 37.4% in the fourth quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Cara Therapeutics by 0.5% in the first quarter. FMR LLC purchased a new stake in shares of Cara Therapeutics during the fourth quarter worth about $845,000. State Street Corp now owns 348,531 shares of the biopharmaceutical company's stock worth $3,244,000 after buying an additional 23,222 shares in the last quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

Cara Therapeutics (NASDAQ:CARA) now has a trailing P/E of -10.48 while its forward P/E according to Thomson Reuters is -11.69.

The company has license agreements with Maruishi Pharmaceutical Co., Ltd to develop, manufacture, and commercialize drug products containing CR845 for acute pain and uremic pruritus in Japan; and Chong Kun Dang Pharmaceutical Corporation to develop, manufacture, and commercialize drug products containing CR845 in South Korea.

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