Capricor Therapeutics (NASDAQ:CAPR) Sees Large Volume Increase

Capricor Therapeutics Inc (NASDAQ:CAPR) saw an uptick in trading volume on Tuesday . 1,792,254 shares traded hands during mid-day trading, an increase of 464% from the previous session’s volume of 317,571 shares.The stock last traded at $3.10 and had previously closed at $2.72.

A number of brokerages recently commented on CAPR. HC Wainwright upped their price target on shares of Capricor Therapeutics from $3.50 to $12.40 and gave the company a “buy” rating in a research note on Monday, July 15th. Zacks Investment Research upgraded shares of Capricor Therapeutics from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Tuesday, August 13th. ValuEngine upgraded shares of Capricor Therapeutics from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Maxim Group restated a “hold” rating on shares of Capricor Therapeutics in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $6.63.

The company has a market capitalization of $10.73 million, a PE ratio of -0.55 and a beta of 1.81. The stock’s 50 day moving average is $2.92 and its 200 day moving average is $2.06.

Capricor Therapeutics (NASDAQ:CAPR) last announced its quarterly earnings results on Tuesday, August 6th. The biotechnology company reported ($0.59) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.21. The company had revenue of $0.41 million for the quarter, compared to analysts’ expectations of $0.22 million. Capricor Therapeutics had a negative net margin of 794.63% and a negative return on equity of 270.78%. As a group, research analysts expect that Capricor Therapeutics Inc will post -2.87 earnings per share for the current fiscal year.

Capricor Therapeutics Company Profile (NASDAQ:CAPR)

Capricor Therapeutics, Inc (NASDAQ:CAPR) is a clinical-stage biotechnology company focused on the discovery, development and commercialization of first-in-class biological therapeutics for the treatment of rare disorders. Capricor’s lead candidate, CAP-1002, is an allogeneic cell therapy that is currently in clinical development for the treatment of Duchenne muscular dystrophy.

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