Cepton (CPTN) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cepton in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CPTN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPTN, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 12 month price targets for Cepton's stock. Their CPTN share price forecasts range from $2.00 to $5.50. On average, they anticipate the company's stock price to reach $3.75 in the next year. This suggests a possible upside of 750.3% from the stock's current price.
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Cepton's stock was trading at $1.27 at the start of the year. Since then, CPTN stock has decreased by 65.3% and is now trading at $0.4410.
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Cepton saw a decline in short interest in May. As of May 15th, there was short interest totaling 2,420,000 shares, a decline of 18.0% from the April 30th total of 2,950,000 shares. Based on an average trading volume of 727,400 shares, the short-interest ratio is currently 3.3 days. Currently, 5.6% of the company's shares are sold short.
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Cepton, Inc. (NASDAQ:CPTN) issued its quarterly earnings results on Tuesday, May, 9th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. The company had revenue of $1.49 million for the quarter, compared to the consensus estimate of $2.10 million. Cepton had a negative trailing twelve-month return on equity of 783.92% and a negative net margin of 627.17%.

Cepton issued an update on its FY 2023 earnings guidance on Tuesday, March, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $15.00 million-$20.00 million, compared to the consensus revenue estimate of $25.50 million.

Cepton trades on the NASDAQ under the ticker symbol "CPTN."

Cepton's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (1.80%), Empower Advisory Group LLC (0.09%) and Allspring Global Investments Holdings LLC (0.04%). Insiders that own company stock include Jun Pei and Mark Mccord.
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Shares of CPTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CPTN stock can currently be purchased for approximately $0.44.

Cepton (NASDAQ:CPTN) has a market capitalization of $69.17 million and generates $7.43 million in revenue each year. The company earns $9.38 million in net income (profit) each year or ($0.29) on an earnings per share basis.

Cepton's mailing address is 399 West Trimble Road, San Jose CA, 95131. The official website for the company is www.cepton.com. The company can be reached via phone at 408-459-7579 or via email at investorrelations@cepton.com.