NASDAQ:CTKB Cytek Biosciences (CTKB) Stock Price, News & Analysis → Secret energy grid to power millions of homes (From Porter & Company) (Ad) Free CTKB Stock Alerts $6.00 +0.03 (+0.50%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$5.77▼$6.1550-Day Range$5.42▼$6.9152-Week Range$3.80▼$9.87Volume722,764 shsAverage Volume695,641 shsMarket Capitalization$787.62 millionP/E RatioN/ADividend YieldN/APrice Target$8.63 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Cytek Biosciences alerts: Email Address Cytek Biosciences MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside43.8% Upside$8.63 Price TargetShort InterestHealthy5.52% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.53Based on 2 Articles This WeekInsider TradingSelling Shares$266,100 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.06) to $0.01 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.07 out of 5 starsMedical Sector637th out of 905 stocksAnalytical Instruments Industry20th out of 26 stocks 3.3 Analyst's Opinion Consensus RatingCytek Biosciences has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageCytek Biosciences has only been the subject of 1 research reports in the past 90 days.Read more about Cytek Biosciences' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.52% of the float of Cytek Biosciences has been sold short.Short Interest Ratio / Days to CoverCytek Biosciences has a short interest ratio ("days to cover") of 9.Change versus previous monthShort interest in Cytek Biosciences has recently decreased by 16.18%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldCytek Biosciences does not currently pay a dividend.Dividend GrowthCytek Biosciences does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CTKB. Previous Next 2.0 News and Social Media Coverage News SentimentCytek Biosciences has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Cytek Biosciences this week, compared to 2 articles on an average week.Search InterestOnly 3 people have searched for CTKB on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat Follows7 people have added Cytek Biosciences to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cytek Biosciences insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $266,100.00 in company stock.Percentage Held by InsidersOnly 9.60% of the stock of Cytek Biosciences is held by insiders.Percentage Held by Institutions69.46% of the stock of Cytek Biosciences is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Cytek Biosciences' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Cytek Biosciences are expected to grow in the coming year, from ($0.06) to $0.01 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cytek Biosciences is -66.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Cytek Biosciences is -66.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCytek Biosciences has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Cytek Biosciences' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanySecret energy grid to power millions of homesThis high-security, secret U.S. facility has 2,100 engineers, machinists, and technicians building a new type of energy system the world has never seen before.Click here to get all the details. About Cytek Biosciences Stock (NASDAQ:CTKB)Cytek Biosciences, Inc., a cell analysis solutions company, provides cell analysis tools that facilitates scientific advances in biomedical research and clinical applications. It offers aurora and northern lights systems, which are spectrum flow cytometers that delivers cell analysis by utilizing the fluorescence signatures from multiple lasers to distinguish fluorescent tags on single cells; and aurora cell sorter system that leverages full spectrum profiling technology to further broaden potential applications across cell analysis; aurora CS systems; amnis imagestream imaging flow cytometers; guava muse cell analyzers; guava easycyte flow cytometers; and orion reagent cocktail preparation systems. The company also provides reagents and kits, including cFluor reagents that are fluorochrome conjugated antibodies used to identify cells of interest for analysis on its instruments, as well as 25-color immunoprofiling assay that provides turnkey solutions for identifying major human immune subpopulations for TBNK cells, monocytes, dendritic cells, and basophils. In addition, it offers automated micro-sampling system and automated sample loader system, an automated loaders to integrate seamlessly into the aurora and northern lights systems; SpectroFlo software that provides intuitive workflow from quality control to data analysis for aurora and northern lights systems; and customer support tools. The company serves pharmaceutical and biopharma companies, academic research centers, and clinical research organizations. It distributes its products through direct sales force and support organizations in North America, Europe, China, and the Asia-Pacific regions; and through distributors or sales agents in European, Latin American, and the Middle Eastern countries. The company was formerly known as Cytoville, Inc. and changed its name to Cytek Biosciences, Inc. in August 2015. Cytek Biosciences, Inc. was founded in 1992 and is headquartered in Fremont, California.Read More CTKB Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CTKB Stock News HeadlinesMay 30, 2024 | globenewswire.comCytek Biosciences to participate at the Goldman Sachs 45th Annual Global Healthcare ConferenceMay 29, 2024 | finanznachrichten.deCytek Biosciences, Inc.: 1-Laser and 2-Laser 6-Color TBNK Reagents from Cytek Biosciences Approved for Clinical Use in ChinaMay 28, 2024 | globenewswire.com1-Laser and 2-Laser 6-Color TBNK Reagents from Cytek® Biosciences Approved for Clinical Use in ChinaMay 20, 2024 | globenewswire.comCytek® Biosciences Adds Ability to Detect Subcellular Particles to Its Industry-Leading Cell Analysis SystemsMay 13, 2024 | finance.yahoo.comCytek Biosciences, Inc. (NASDAQ:CTKB) Q1 2024 Earnings Call TranscriptMay 10, 2024 | finance.yahoo.comCytek Biosciences Inc (CTKB) Q1 2024 Earnings: Revenue Surges, Yet Net Loss PersistsMay 9, 2024 | markets.businessinsider.comCytek Biosciences, Inc. Reports Q1 Loss, Tops Revenue EstimatesMay 9, 2024 | finanznachrichten.deCytek Biosciences, Inc.: Cytek Biosciences Reports First Quarter 2024 Financial ResultsMay 9, 2024 | finance.yahoo.comCytek Biosciences Inc (CTKB) Q1 2024 Earnings Call Transcript Highlights: Strategic Growth ...May 8, 2024 | investorplace.comCTKB Stock Earnings: Cytek Biosciences Misses EPS, Beats Revenue for Q1 2024May 8, 2024 | globenewswire.comCytek Biosciences Reports First Quarter 2024 Financial ResultsApril 30, 2024 | finance.yahoo.comCytek Biosciences, Inc. (CTKB) Stock Moves -0.33%: What You Should KnowApril 30, 2024 | globenewswire.comCytek® Biosciences to Spotlight Cell Analysis Solutions at Upcoming Conferences in the United States and EuropeApril 29, 2024 | globenewswire.comCytek Biosciences to Report First Quarter 2024 Financial Results on May 8, 2024March 27, 2024 | investorplace.comCTKB Stock Earnings: Cytek Biosciences Beats Revenue for Q4 2023March 21, 2024 | markets.businessinsider.comOptimistic Outlook: Cytek Biosciences Poised for Growth with New CFO AppointmentMarch 20, 2024 | finance.yahoo.comInsider Sell: Cytek Biosciences Inc's (CTKB) Chief Technology Officer Ming Yan Sells 40,000 SharesMarch 19, 2024 | markets.businessinsider.comCytek Biosciences Names William McCombe To Succeed Patrik Jeanmonod As CFO; Reaffirms 2024 OutlookMarch 19, 2024 | globenewswire.comCytek® Biosciences Names William McCombe Chief Financial OfficerMarch 15, 2024 | finance.yahoo.comCTKB Mar 2024 5.000 putMarch 7, 2024 | globenewswire.comCytek® Biosciences Opens New Facility to Address Increasing Global Demand for Cutting-Edge Cell Analysis SolutionsMarch 7, 2024 | finanznachrichten.deCytek Biosciences, Inc.: Cytek Biosciences Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 OutlookMarch 6, 2024 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on Cytek Biosciences (CTKB)March 1, 2024 | seekingalpha.comCytek Biosciences, Inc. (CTKB) Q4 2023 Earnings Call TranscriptMarch 1, 2024 | investing.comCytek Biosciences earnings matched, revenue topped estimatesSee More Headlines Receive CTKB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cytek Biosciences and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/08/2024Today6/07/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorMedical Industry Analytical instruments Sub-IndustryN/A Current SymbolNASDAQ:CTKB CUSIPN/A CIK1831915 Webwww.cytekdev.com Phone877-922-9835FaxN/AEmployees676Year FoundedN/APrice Target and Rating Average Stock Price Target$8.63 High Stock Price Target$10.00 Low Stock Price Target$7.00 Potential Upside/Downside+43.8%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.09) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-12,150,000.00 Net Margins-5.73% Pretax Margin-7.80% Return on Equity-1.78% Return on Assets-1.43% Debt Debt-to-Equity RatioN/A Current Ratio6.99 Quick Ratio6.01 Sales & Book Value Annual Sales$193.01 million Price / Sales4.08 Cash Flow$0.03 per share Price / Cash Flow227.17 Book Value$2.90 per share Price / Book2.07Miscellaneous Outstanding Shares131,270,000Free Float118,671,000Market Cap$787.62 million OptionableOptionable Beta1.33 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesDr. Wenbin Jiang Ph.D. (Age 60)President, CEO & Chairman of the Board Comp: $964.21kDr. Ming Yan Ph.D. (Age 61)CTO & Director Comp: $616.26kMs. Valerie T. Barnett J.D. (Age 48)Chief Legal Officer Comp: $535.98kMr. William D. McCombe (Age 66)Chief Financial Officer Mr. Chris Williams (Age 55)Chief Operating Officer Dr. Allen B. Poirson Ph.D. (Age 64)Senior Vice President of Business & Corporate Development Dr. Philippe Busque Ph.D.Senior Vice President of Global Sales & ServicesMr. Patrik Sebastian Jeanmonod (Age 57)Head of Corporate Development Analytics Comp: $412.54kMore ExecutivesKey CompetitorsValnevaNASDAQ:VALNAllogene TherapeuticsNASDAQ:ALLOProthenaNASDAQ:PRTAMyriad GeneticsNASDAQ:MYGN10x GenomicsNASDAQ:TXGView All CompetitorsInsiders & InstitutionsTeachers Retirement System of The State of KentuckySold 5,574 shares on 5/28/2024Ownership: 0.085%Comerica BankSold 4,264 shares on 5/17/2024Ownership: 0.031%California State Teachers Retirement SystemSold 13,474 shares on 5/16/2024Ownership: 0.084%Brown Capital Management LLCBought 5,689 shares on 5/15/2024Ownership: 9.158%Price T Rowe Associates Inc. MDBought 3,987 shares on 5/15/2024Ownership: 0.026%View All Insider TransactionsView All Institutional Transactions CTKB Stock Analysis - Frequently Asked Questions Should I buy or sell Cytek Biosciences stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cytek Biosciences in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CTKB shares. View CTKB analyst ratings or view top-rated stocks. What is Cytek Biosciences' stock price target for 2024? 5 Wall Street analysts have issued 12 month price objectives for Cytek Biosciences' stock. Their CTKB share price targets range from $7.00 to $10.00. On average, they anticipate the company's share price to reach $8.63 in the next twelve months. This suggests a possible upside of 43.8% from the stock's current price. View analysts price targets for CTKB or view top-rated stocks among Wall Street analysts. How have CTKB shares performed in 2024? Cytek Biosciences' stock was trading at $9.12 at the start of the year. Since then, CTKB shares have decreased by 34.2% and is now trading at $6.00. View the best growth stocks for 2024 here. Are investors shorting Cytek Biosciences? Cytek Biosciences saw a decrease in short interest in May. As of May 15th, there was short interest totaling 6,580,000 shares, a decrease of 16.2% from the April 30th total of 7,850,000 shares. Based on an average daily trading volume, of 733,600 shares, the days-to-cover ratio is currently 9.0 days. Currently, 5.5% of the shares of the company are short sold. View Cytek Biosciences' Short Interest. When is Cytek Biosciences' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our CTKB earnings forecast. How were Cytek Biosciences' earnings last quarter? Cytek Biosciences, Inc. (NASDAQ:CTKB) released its earnings results on Wednesday, May, 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business earned $44.86 million during the quarter, compared to analyst estimates of $43.86 million. Cytek Biosciences had a negative net margin of 5.73% and a negative trailing twelve-month return on equity of 1.78%. What ETF holds Cytek Biosciences' stock? First Trust Nasdaq Lux Digital Health Solutions ETF holds 1,292 shares of CTKB stock, representing 0.32% of its portfolio. What guidance has Cytek Biosciences issued on next quarter's earnings? Cytek Biosciences issued an update on its FY 2024 earnings guidance on Friday, June, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $203.0 million-$213.0 million, compared to the consensus revenue estimate of $207.9 million. When did Cytek Biosciences IPO? Cytek Biosciences (CTKB) raised $248 million in an IPO on Friday, July 23rd 2021. The company issued 14,564,635 shares at a price of $16.00-$18.00 per share. Who are Cytek Biosciences' major shareholders? Cytek Biosciences' stock is owned by a number of retail and institutional investors. Top institutional investors include Brown Capital Management LLC (9.16%), Vanguard Group Inc. (9.15%), Principal Financial Group Inc. (0.40%), Swiss National Bank (0.16%), Teachers Retirement System of The State of Kentucky (0.08%) and California State Teachers Retirement System (0.08%). Insiders that own company stock include Jack Ball, Ming Yan, Patrik Jeanmonod, Ra Capital Management, LP and Wenbin Jiang. View institutional ownership trends. How do I buy shares of Cytek Biosciences? Shares of CTKB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CTKB) was last updated on 6/8/2024 by MarketBeat.com Staff From Our PartnersMillionaire-Making “Wealth Pattern” Just Repeated on April 22If you think you missed out on the Bitcoin band wagon… You need to watch this immediately.Paradigm Press | SponsoredBreaking - The US Gov. Seized CITGODo you want an investment that can double or triple your money in the next three months? 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