Caribou Biosciences stock hits 52-week low of $1.49 By Investing.com

(CRBU) Caribou Biosciences Inc. stock is down. (CRBU) hit a 52-week low of $1.49. The latest price point represents a significant decline for the biotech company, which saw a sharp one-year change with a decline of -70.92%. according to InvestingPro According to the data, the stock’s RSI indicates oversold territory, while the company maintains a healthy balance sheet with more cash than debt and a current ratio of 7.38x. Investors are watching Caribou Biosciences closely as it goes through a challenging period, with market sentiment reflecting a decline in its stock price. The company, known for its CRISPR-based genome editing technology, faces the task of regaining investor confidence as it seeks to advance its therapeutic programs and achieve new milestones in the biotechnology industry. InvestingPro The analysis shows that the stock is currently trading below its fair value, with 4 analysts recently revising their earnings forecasts upward. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research report, available with an InvestingPro subscription.

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