Cytek Biosciences, Inc. (NASDAQ:CTKB – Get Free Report) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $5.6875.
Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cytek Biosciences in a research report on Friday, March 27th. Morgan Stanley reduced their price objective on Cytek Biosciences from $6.00 to $5.50 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Finally, Stephens lowered their target price on Cytek Biosciences from $5.50 to $4.75 and set an “overweight” rating for the company in a research note on Wednesday, May 13th.
View Our Latest Stock Analysis on Cytek Biosciences
Institutional Trading of Cytek Biosciences
Cytek Biosciences Price Performance
Shares of Cytek Biosciences stock opened at $4.01 on Friday. The stock has a market capitalization of $517.85 million, a price-to-earnings ratio of -7.03 and a beta of 1.22. The business has a 50-day moving average of $4.36 and a 200 day moving average of $4.73. Cytek Biosciences has a 12 month low of $2.37 and a 12 month high of $6.18.
Cytek Biosciences (NASDAQ:CTKB – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.07). Cytek Biosciences had a negative return on equity of 10.07% and a negative net margin of 36.25%.The business had revenue of $44.14 million for the quarter, compared to analyst estimates of $44.23 million. Equities research analysts anticipate that Cytek Biosciences will post -0.27 earnings per share for the current year.
About Cytek Biosciences
Cytek Biosciences is a biotechnology company specializing in innovative cell analysis solutions. The firm develops and commercializes advanced spectral flow cytometry instruments and associated reagents designed to enable high-parameter single-cell analysis. Its technology platform offers researchers and clinicians enhanced sensitivity, resolution and flexibility compared to traditional flow cytometry methods.
The company’s core product portfolio includes the Aurora and Northern Lights spectral cytometry systems, which support simultaneous detection of up to 64 fluorescence parameters.
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