Last Updated: 14 Sep 2024
Executive Summary
Cepton Inc. (CPTN) is a publicly traded company listed on the NASDAQ exchange. The company operates in the real estate and construction sector, specifically in the blank checks industry. As of June 30, 2024, Cepton had a market capitalization of $48.93 million. The company reported a negative EBITDA of $32.43 million and a diluted EPS of -$1.68 for the trailing twelve months. Analysts have assigned a "Hold" rating to Cepton, with a target price of $8.59. The current stock price is $3.05.
Company Overview
Cepton Inc. is a blank check company formed for the purpose of acquiring or merging with one or more businesses. The company has not yet completed any acquisitions or mergers. Cepton's management team has experience in the real estate and construction industries.
Fundamental Analysis
Cepton's financial performance has been weak in recent quarters. The company reported a negative EBITDA of $32.43 million and a diluted EPS of -$1.68 for the trailing twelve months. Revenue for the same period was $21.16 million. Cepton's gross profit margin is 0.91%, and its operating margin is -0.06%. The company has a negative return on assets of -0.25% and a negative return on equity of -0.40%.
Cepton's balance sheet is also weak. The company has total assets of $18.32 million and total liabilities of $40.75 million. Cepton has a book value of -$2.66 per share.
Technical Analysis
Cepton's stock price has been trending down in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is 35.56, which indicates that the stock is oversold.
Short Term Outlook
Cepton's short-term outlook is negative. The company's financial performance is weak, and its stock price is trending down. Investors should be cautious about investing in Cepton in the short term.
Long Term Outlook
Cepton's long-term outlook is uncertain. The company has not yet completed any acquisitions or mergers, and its financial performance has been weak. However, the company's management team has experience in the real estate and construction industries. Investors should monitor Cepton's progress closely before making any investment decisions.
Analyst Recommendations
Analysts have assigned a "Hold" rating to Cepton, with a target price of $8.59. The consensus price target is $8.59, which represents a potential upside of 180.33% from the current stock price.
