Cue Biopharma (NASDAQ:CUE – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03, FiscalAI reports. The firm had revenue of $2.15 million during the quarter, compared to analysts’ expectations of $2.29 million. Cue Biopharma had a negative net margin of 469.35% and a negative return on equity of 230.13%.
Cue Biopharma Price Performance
Shares of CUE traded down $0.01 during trading hours on Thursday, hitting $0.66. 2,874,847 shares of the stock were exchanged, compared to its average volume of 256,995. Cue Biopharma has a 12-month low of $0.54 and a 12-month high of $1.75. The company has a market cap of $50.34 million, a price-to-earnings ratio of -1.14 and a beta of 1.49. The stock’s 50-day moving average price is $0.75 and its two-hundred day moving average price is $0.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60.
Institutional Investors Weigh In On Cue Biopharma
A hedge fund recently raised its stake in Cue Biopharma stock. Northwestern Mutual Wealth Management Co. grew its holdings in Cue Biopharma, Inc. (NASDAQ:CUE – Free Report) by 730.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,000 shares of the company’s stock after purchasing an additional 73,000 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.11% of Cue Biopharma worth $57,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 35.04% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on CUE
About Cue Biopharma
Cue Biopharma, Inc, a clinical-stage biopharmaceutical company, develops a novel class of injectable therapeutics to selectively engage and modulate targeted, disease relevant T cells directly within the patient's body. Its lead drug product candidate is CUE-101 for the treatment of human papilloma virus (HPV16+)-driven recurrent/metastatic head and neck cancer.
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