Caribou Biosciences shares hit a 52-week low of $1.49 By Investing.com

Shares of Caribou Biosciences Inc. (CRBU) dropped to a 52-week low, falling at $1.49. This latest price point represents a significant discount for the biotechnology company. According to InvestingPro data, the stock’s RSI indicates oversold territory and the company maintains a healthy balance of cash over debt and a current ratio of 7.38x. Investors are keeping a close eye on Caribou Biosciences as it goes through tough times, with market sentiment reflecting a decline in its share price. The company, known for its CRISPR-based genome-editing technology, faces the task of regaining investor confidence as it seeks to advance its medical programs and chart new milestones in the biotech industry. InvestingPro’s analysis shows that the stock is currently trading below fair value, and 4 analysts recently revised their earnings expectations upward. Get 12 more exclusive protips and comprehensive analysis in the Pro Research Report with an InvestingPro subscription.

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