Cepton, Inc. (NASDAQ:CPTN - Get Free Report)'s share price rose 0.9% during mid-day trading on Thursday . The stock traded as high as $3.15 and last traded at $3.15. Approximately 10,140 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 30,793 shares. The stock had previously closed at $3.12.
Analyst Upgrades and Downgrades
Separately, Westpark Capital reiterated a "hold" rating on shares of Cepton in a research report on Wednesday, August 14th.
Check Out Our Latest Stock Report on CPTN
Cepton Stock Performance
The company has a market capitalization of $50.05 million, a price-to-earnings ratio of -1.83 and a beta of 0.07. The company has a 50-day moving average price of $3.11 and a 200-day moving average price of $2.90.
Cepton (NASDAQ:CPTN - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.26. The company had revenue of $10.43 million for the quarter, compared to analyst estimates of $11.00 million.
About Cepton
(
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Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.
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