NASDAQ:CTKB

Cytek Biosciences (CTKB) Stock Forecast, Price & News

$5.40

-0.12 (-2.17%)

(As of 04:13 PM ET)

Compare

Today's Range: $5.28
▼
$5.50
50-Day Range: $5.52
▼
$9.39
52-Week Range: $5.28
▼
$15.90

Volume: 1.09 million shs
Average Volume: 986,765 shs
Market Capitalization: $736.34 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.33

Cytek Biosciences MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 169.9% Upside
$14.33 Price Target
Short Interest: Bearish
10.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.03
Based on 6 Articles This Week
Insider Trading: Selling Shares
$995,610 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.07) to $0.11 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.87 out of 5 stars

Medical Sector

744th out of 969 stocks

Analytical Instruments Industry

21st out of 29 stocks

3.3

Analyst's Opinion

Consensus Rating
Cytek Biosciences has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.33, Cytek Biosciences has a forecasted upside of 169.9% from its current price of $5.31.
Amount of Analyst Coverage
Cytek Biosciences has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
10.37% of the float of Cytek Biosciences has been sold short.
Short Interest Ratio / Days to Cover
Cytek Biosciences has a short interest ratio ("days to cover") of 14.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Cytek Biosciences has recently increased by 0.51%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Cytek Biosciences does not currently pay a dividend.
Dividend Growth
Cytek Biosciences does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTKB.

3.3

News and Social Media Coverage

News Sentiment
Cytek Biosciences has a news sentiment score of 1.03. 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 higher news sentiment than the 0.69 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Cytek Biosciences this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added Cytek Biosciences to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $995,610.00 in company stock.
Percentage Held by Insiders
15.90% of the stock of Cytek Biosciences is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
56.50% of the stock of Cytek Biosciences is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Cytek Biosciences are expected to grow in the coming year, from ($0.07) to $0.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cytek Biosciences is -132.75, 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. Sector
The P/E ratio of Cytek Biosciences is -132.75, 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 Ratio
Cytek Biosciences has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cytek Biosciences (NASDAQ:CTKB) Stock

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, which leverages full spectrum profiling technology to further broaden potential applications across cell analysis. The company also provides reagents and kits, including cFluor reagents, which 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, which are 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 region; and through distributors or sales agents in European, Latin American, the Middle Eastern, and the Asia-Pacific 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.

CTKB Price History

30 days | 90 days | 365 days | Advanced Chart

CTKB Stock News Headlines

October 1, 2023 | americanbankingnews.com

Cytek Biosciences (NASDAQ:CTKB) Shares Down 6.1%

September 27, 2023 | finance.yahoo.com

Cytek® Biosciences Achieves ISO 13485 Certification at Headquarters

October 2, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

September 21, 2023 | benzinga.com

Massive Insider Trade At Cytek Biosciences

September 21, 2023 | finance.yahoo.com

Insider Sell: CTO Ming Yan Sells 20,000 Shares of Cytek Biosciences Inc

September 20, 2023 | finance.yahoo.com

Cytek Biosciences to Participate in the 2023 Cantor Fitzgerald Global Healthcare Conference

September 20, 2023 | finance.yahoo.com

Cytek® Biosciences Cell Analysis Solutions Take Center Stage at Upcoming Clinical Conferences in the US and Europe

September 9, 2023 | finance.yahoo.com

Insider Sell: Cytek Biosciences Inc CEO Wenbin Jiang Sells 20,000 Shares

October 2, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

September 6, 2023 | finance.yahoo.com

Cytek Biosciences to participate in the Morgan Stanley 21st Annual Global Healthcare Conference

September 4, 2023 | finance.yahoo.com

With 56% institutional ownership, Cytek Biosciences, Inc. (NASDAQ:CTKB) is a favorite amongst the big guns

August 28, 2023 | finance.yahoo.com

Cytek Biosciences Appoints Dr. Philippe Busque Senior Vice President of Global Sales & Services

August 10, 2023 | finance.yahoo.com

Cytek Biosciences to Participate in the UBS MedTech, Tools and Genomics Summit

August 9, 2023 | finance.yahoo.com

Cytek Biosciences, Inc. (CTKB) Q2 Earnings Lag Estimates

August 8, 2023 | finance.yahoo.com

Cytek Biosciences Reports Second Quarter 2023 Financial Results

August 8, 2023 | markets.businessinsider.com

What Wall Street expects from Cytek Biosciences,'s earnings

July 25, 2023 | seekingalpha.com

Cytek Biosciences: Stay Steady Through Macro-Economic Headwinds

July 20, 2023 | finance.yahoo.com

Cytek Biosciences to Report Second Quarter 2023 Financial Results on August 8, 2023

June 20, 2023 | seekingalpha.com

RGA Investment Advisors - Cytek Biosciences: Why We Like CTKB

June 15, 2023 | finance.yahoo.com

Investors in Cytek Biosciences (NASDAQ:CTKB) have unfortunately lost 12% over the last year

June 6, 2023 | finance.yahoo.com

What Makes RGA Investments Hold Cytek Biosciences (CTKB)?

May 31, 2023 | finance.yahoo.com

Cytek Biosciences to Participate in the 44th Annual Goldman Sachs Healthcare Conference

May 19, 2023 | msn.com

Cytek Biosciences up 6% $50M buyback

May 19, 2023 | finance.yahoo.com

Cytek Biosciences Announces $50 Million Stock Repurchase Program

May 16, 2023 | finance.yahoo.com

Cytek® Biosciences Marks Shipment of Its 100th Cell Sorter as the Company Continues to Lead Cell Analysis Forward

May 12, 2023 | finance.yahoo.com

Why Shares of Cytek Biosciences Dropped This Week

May 10, 2023 | finanznachrichten.de

Cytek Biosciences, Inc.: Cytek Biosciences Reports First Quarter 2023 Financial Results

See 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.

CTKB Company Calendar

Last Earnings: 8/08/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Analytical instruments
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:CTKB
CUSIP: N/A
CIK: 1831915
Web: www.cytekdev.com
Phone: 877-922-9835
Fax: N/A
Employees: 699
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $14.33
High Stock Price Forecast: $15.00
Low Stock Price Forecast: $14.00
Forecasted Upside/Downside: +169.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.04)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $2.58 million
Net Margins: -3.31%
Pretax Margin: -5.51%
Return on Equity: -0.37%
Return on Assets: -0.30%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 7.93
Quick Ratio: 6.70

Sales & Book Value

Annual Sales: $164.04 million
Price / Sales: 4.41
Cash Flow: $0.07 per share
Price / Cash Flow: 75.94
Book Value: $3.16 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 136,360,000
Free Float: 114,679,000
Market Cap: $724.07 million
Optionable: Not Optionable
Beta: 0.60

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Dr. Wenbin Jiang Ph.D. (Age 59)
Pres, CEO & Chairman
Comp: $964.21k

Dr. Ming Yan Ph.D. (Age 60)
CTO & Director
Comp: $616.26k

Ms. Valerie T. Barnett J.D. (Age 48)
Gen. Counsel & Corp. Sec.
Comp: $535.98k

Mr. Patrik Sebastian Jeanmonod (Age 57)
Chief Financial Officer

Mr. Chris Williams (Age 54)
Chief Operating Officer

Mr. Paul D. Goodson
Head of Investor Relations

Dr. Allen B. Poirson Ph.D. (Age 63)
Sr. VP of Bus. & Corp. Devel.

Dr. Philippe Busque Ph.D.
Sr. VP of Global Sales & Services

Ms. Connie Wedel
Chief People Officer

Mr. Melik Ulusu
Sr. VP of Operations & Integrated Supply Chain

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CTKB Stock - Frequently Asked Questions

Should I buy or sell Cytek Biosciences stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cytek Biosciences in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 4 brokerages have issued 12-month target prices for Cytek Biosciences' shares. Their CTKB share price forecasts range from $14.00 to $15.00. On average, they expect the company's stock price to reach $14.33 in the next year. This suggests a possible upside of 169.9% 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 2023?: Cytek Biosciences' stock was trading at $10.21 at the beginning of the year. Since then, CTKB stock has decreased by 48.0% and is now trading at $5.31.
View the best growth stocks for 2023 here.
When is Cytek Biosciences' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CTKB earnings forecast.
How were Cytek Biosciences' earnings last quarter?: Cytek Biosciences, Inc. (NASDAQ:CTKB) announced its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.02) EPS for the quarter. The business had revenue of $49.69 million for the quarter, compared to analyst estimates of $46.52 million. Cytek Biosciences had a negative trailing twelve-month return on equity of 0.37% and a negative net margin of 3.31%.
What ETF holds Cytek Biosciences' stock ?: First Trust Nasdaq Lux Digital Health Solutions ETF holds 446 shares of CTKB stock, representing 0.46% of its portfolio.

What guidance has Cytek Biosciences issued on next quarter's earnings?: Cytek Biosciences issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $205.00 million-$220.00 million, compared to the consensus revenue estimate of $209.22 million.
When did Cytek Biosciences IPO?: (CTKB) raised $248 million in an initial public offering (IPO) on Friday, July 23rd 2021. The company issued 14,564,635 shares at a price of $16.00-$18.00 per share.
What is Cytek Biosciences' stock symbol?: Cytek Biosciences trades on the NASDAQ under the ticker symbol "CTKB."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cytek Biosciences' stock price today?: One share of CTKB stock can currently be purchased for approximately $5.31.
How much money does Cytek Biosciences make?: Cytek Biosciences (NASDAQ:CTKB) has a market capitalization of $724.07 million and generates $164.04 million in revenue each year. The company earns $2.58 million in net income (profit) each year or ($0.04) on an earnings per share basis.
How many employees does Cytek Biosciences have?: The company employs 699 workers across the globe.
How can I contact Cytek Biosciences?: The official website for the company is www.cytekdev.com. The company can be reached via phone at 877-922-9835 or via email at investors@cytekbio.com.

This page (NASDAQ:CTKB) was last updated on 10/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial