Cepton, Inc. (NASDAQ:CPTN – Get Free Report) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 100,100 shares, an increase of 6.8% from the October 15th total of 93,700 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily volume of 38,600 shares, the short-interest ratio is presently 2.6 days.
Cepton Price Performance
CPTN stock opened at $2.70 on Friday. Cepton has a 1-year low of $2.38 and a 1-year high of $15.80. The business has a 50 day simple moving average of $3.76 and a two-hundred day simple moving average of $4.87. The company has a market capitalization of $42.72 million, a price-to-earnings ratio of -0.77 and a beta of 0.14.
Cepton (NASDAQ:CPTN – Get Free Report) last posted its earnings results on Thursday, November 9th. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.12. The company had revenue of $3.83 million during the quarter, compared to analysts’ expectations of $5.10 million. Cepton had a negative net margin of 573.05% and a negative return on equity of 783.92%. Sell-side analysts anticipate that Cepton will post -3.3 EPS for the current fiscal year.
Institutional Trading of Cepton
Cepton Company Profile
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 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 ultra-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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