Candel Therapeutics, Inc. (NASDAQ:CADL - Get Free Report) shot up 2.5% on Wednesday . The stock traded as high as $5.43 and last traded at $5.33. 217,298 shares changed hands during trading, a decline of 88% from the average session volume of 1,860,414 shares. The stock had previously closed at $5.20.
Candel Therapeutics Stock Down 2.6 %
The company has a market cap of $166.52 million, a P/E ratio of -3.08 and a beta of -0.88. The business's 50 day moving average price is $6.33 and its 200-day moving average price is $6.86. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.62 and a quick ratio of 1.62.
Candel Therapeutics (NASDAQ:CADL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.74) EPS for the quarter. On average, analysts anticipate that Candel Therapeutics, Inc. will post -0.91 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, major shareholder Estuardo Aguilar-Cordova sold 15,000 shares of Candel Therapeutics stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $6.02, for a total value of $90,300.00. Following the completion of the sale, the insider now directly owns 929,873 shares in the company, valued at $5,597,835.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 31,800 shares of company stock valued at $193,380. 41.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Candel Therapeutics
A number of institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in Candel Therapeutics during the second quarter worth about $31,000. Rhumbline Advisers bought a new position in Candel Therapeutics during the second quarter worth about $143,000. Cubist Systematic Strategies LLC bought a new position in Candel Therapeutics during the second quarter worth about $162,000. Finally, Bank of New York Mellon Corp bought a new stake in Candel Therapeutics during the 2nd quarter worth approximately $338,000. 13.93% of the stock is owned by institutional investors and hedge funds.
Candel Therapeutics Company Profile
(
Get Free Report)
Candel Therapeutics, Inc, a clinical stage biopharmaceutical company, engages in the development immunotherapies for the cancer patients. It develops CAN-2409, which is in Phase II clinical trials for the treatment of pancreatic cancer; Phase III clinical trials for the treatment of prostate cancer; and Phase II clinical trials for the treatment of lung cancer, as well as has completed Phase Ib/II clinical trials for the treatment of high-grade glioma.
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