Cepton (NASDAQ:CPTN) Trading Up 1%

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

Cepton Stock Up 1.0 %

The company has a market cap of $46.17 million, a P/E ratio of -0.96 and a beta of 0.14. The business has a fifty day moving average of $2.76 and a 200 day moving average of $3.08.

Cepton (NASDAQ:CPTN) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.03. The firm had revenue of $4.95 million during the quarter, compared to analysts’ expectations of $2.00 million. On average, sell-side analysts anticipate that Cepton, Inc. will post -2.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Cepton

An institutional investor recently bought a new position in Cepton stock. Trellus Management Company LLC bought a new position in Cepton, Inc. (NASDAQ:CPTN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,835 shares of the company’s stock, valued at approximately $220,000. Trellus Management Company LLC owned about 0.37% of Cepton at the end of the most recent quarter. 68.16% of the stock is currently owned by 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.