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Wednesday, March 22, 2023

Momentum Is Strong For Cepton Inc. (NASDAQ: CPTN)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Cepton Inc. (CPTN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0473, or 4.99%, to $0.9958. The Cepton Inc. has recorded 129,407 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Cepton, Inc. Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call Date.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $0.95 and fluctuated between $0.9860 as its day high and $0.8621 as its day low. The current market capitalization of Cepton Inc. is $153.91M. A total of 1.36 million shares were traded on the day, compared to an average of 224.09K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CPTN has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 30,000 shares. Over the last 12 months, there were 11 BUYs and 6 SELLs from insiders. Insiders purchased 2,105,769 shares during that period but sold 996,038.

In the most recent transaction, McCord Mark sold 10,000 shares of CPTN for 1.01 per share on Mar 01. After the transaction, the Chief Technology Officer now owns 10,389,248 company shares. In a previous transaction on Feb 22, McCord Mark sold 10,000 shares at 1.17 per share. CPTN shares that Chief Technology Officer owns now total 10,399,248.

Among the insiders who sold shares, Pei Jun disposed of 10,836 shares on Nov 14 at a per-share price of $1.75. This resulted in the CEO and President holding 28,784,268 shares of CPTN after the transaction. In another insider transaction, Pei Jun sold 55,202 shares at $1.84 per share on Nov 11. Company shares held by the CEO and President now total 28,795,104.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CPTN in the last 3 months, the mean price target is $3.44 with high estimates of $4.00 and low estimates of $2.00. In terms of 52-week highs and lows, CPTN has a high of $11.20 and a low of $0.94.

As of this writing, CPTN has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.11. The company reported an EPS of $0.01 in the last quarter, which was 111.10% higher than expectations of -$0.09.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CPTN is Overweight with a score of 4.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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