Cibus (CBUS) Expected to Announce Earnings on Thursday

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

Cibus Price Performance

CBUS stock opened at $2.38 on Tuesday. The company has a 50 day moving average price of $2.36 and a 200 day moving average price of $3.43. Cibus has a fifty-two week low of $1.80 and a fifty-two week high of $23.18. The stock has a market capitalization of $62.97 million, a PE ratio of -0.11 and a beta of 2.04.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped 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.

Institutional Trading of Cibus

A hedge fund recently raised its stake in Cibus stock. Bank of America Corp DE raised its holdings in shares of Cibus, Inc. (NASDAQ:CBUS) by 113.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 35,536 shares of the company’s stock after acquiring an additional 18,885 shares during the period. Bank of America Corp DE owned approximately 0.13% of Cibus worth $99,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 33.81% of the company’s stock.

About Cibus

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.