Cepton (NASDAQ:CPTN – Get Rating) posted its quarterly earnings results on Tuesday. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10), Yahoo Finance reports. The firm had revenue of $1.58 million during the quarter, compared to analyst estimates of $2.35 million. During the same quarter last year, the business posted ($0.33) earnings per share. Cepton updated its FY 2023 guidance to EPS.
Cepton Stock Down 0.9 %
NASDAQ:CPTN opened at $0.54 on Thursday. The company has a market capitalization of $83.68 million, a price-to-earnings ratio of 2.25 and a beta of -0.18. Cepton has a one year low of $0.40 and a one year high of $4.60. The stock has a 50-day simple moving average of $1.10 and a 200 day simple moving average of $1.52. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.89 and a current ratio of 5.33.
Hedge Funds Weigh In On Cepton
A number of hedge funds have recently bought and sold shares of CPTN. Royal Bank of Canada boosted its stake in Cepton by 128.6% in the third quarter. Royal Bank of Canada now owns 57,468 shares of the company’s stock valued at $112,000 after acquiring an additional 32,324 shares during the period. Millennium Management LLC boosted its stake in Cepton by 147.0% in the second quarter. Millennium Management LLC now owns 57,805 shares of the company’s stock valued at $90,000 after acquiring an additional 34,398 shares during the period. Virtu Financial LLC acquired a new position in Cepton in the second quarter valued at approximately $58,000. Bank of New York Mellon Corp acquired a new position in Cepton in the first quarter valued at approximately $53,000. Finally, Jane Street Group LLC acquired a new position in Cepton in the third quarter valued at approximately $52,000. 3.78% of the stock is currently owned by institutional investors and hedge funds.
Cepton Company Profile
Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, and internationally. The company offers auto grade lidar sensors, including Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; Vista-T, a lidar solution with a range of up to 300m for ultra-long-range applications in ADAS L2+/L3 and AV L4/L5; and Nova, an ultra-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.
- Get a free copy of the StockNews.com research report on Cepton (CPTN)
- Why DraftKings Could Keep Outperforming in 2023
- Charles Schwab And The Safest 30% You Can Make This Year
- Adobe Inc. Exceeds Expectations, Sustained Rally Unlikely
- This Is What To Expect From The Q2 Reporting Cycle
- 3 Chip Stocks Approaching Buy Points
Receive News & Ratings for Cepton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cepton and related companies with MarketBeat.com's FREE daily email newsletter.