Cibus (CBUS) Expected to Announce Earnings on Thursday

Cibus (NASDAQ:CBUS) is projected to announce its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of ($0.68) per share and revenue of $1.13 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Cibus Stock Up 8.2 %

CBUS opened at $2.38 on Tuesday. Cibus has a 12 month low of $1.80 and a 12 month high of $23.18. The company has a fifty day simple moving average of $2.36 and a 200 day simple moving average of $3.43. The stock has a market cap of $62.97 million, a P/E ratio of -0.11 and a beta of 2.04.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price objective on shares of Cibus from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd.

Hedge Funds Weigh In On Cibus

An institutional investor recently raised its position in Cibus stock. Bank of America Corp DE increased its stake in Cibus, Inc. (NASDAQ:CBUS) by 113.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,536 shares of the company’s stock after purchasing an additional 18,885 shares during the period. Bank of America Corp DE owned approximately 0.13% of Cibus worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 33.81% of the stock is owned by institutional investors.

Cibus Company Profile

Cibus, Inc, a agricultural biotechnology company, develops and licenses plant traits to seed companies for royalties. The company primarily focus on trait productivity in two areas, including productivity traits that enable farmers to have higher yields and reduce the use of the crop protection chemicals and fertilizers; and sustainable ingredients that enable corporations to replace ingredients that are fossil fuel based or whose production results in increased greenhouse gases.