Cepton (NASDAQ:CPTN) Trading Up 1%

Cepton, Inc. (NASDAQ:CPTN)’s stock price traded up 1% during trading on Thursday . The stock traded as high as $2.90 and last traded at $2.90. 19,593 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 27,321 shares. The stock had previously closed at $2.87.

Cepton Stock Performance

The firm’s 50-day moving average price is $2.77 and its two-hundred day moving average price is $3.07. The firm has a market cap of $46.33 million, a PE ratio of -0.97 and a beta of 0.14.

Cepton (NASDAQ:CPTN) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. The company had revenue of $4.95 million for the quarter, compared to analyst estimates of $2.00 million. As a group, sell-side analysts predict that Cepton, Inc. will post -2.17 earnings per share for the current fiscal year.

Institutional Trading of Cepton

An institutional investor recently bought a new position in Cepton stock. Trellus Management Company LLC acquired a new position in Cepton, Inc. (NASDAQ:CPTN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 57,835 shares of the company’s stock, valued at approximately $220,000. Trellus Management Company LLC owned 0.37% of Cepton at the end of the most recent reporting period. 68.16% of the stock is owned by hedge funds and other institutional investors.

Cepton Company Profile

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; 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; and Nova, an extremely-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.