Carmell (NASDAQ:CTCX) Trading 0.1% Higher – Time to Buy?

Shares of Carmell Co. (NASDAQ:CTCX) were up 0.1% during mid-day trading on Wednesday . The stock traded as high as $0.23 and last traded at $0.23. Approximately 282,786 shares changed hands during trading, a decline of 79% from the average daily volume of 1,320,888 shares. The stock had previously closed at $0.23.

Carmell Stock Performance

The company has a 50 day moving average of $0.31 and a 200-day moving average of $0.82.

Institutional Investors Weigh In On Carmell

A hedge fund recently bought a new stake in Carmell stock. Warberg Asset Management LLC purchased a new position in Carmell Co. (NASDAQ:CTCX) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $60,000. Warberg Asset Management LLC owned 0.22% of Carmell at the end of the most recent quarter. 24.22% of the stock is currently owned by institutional investors and hedge funds.

Carmell Company Profile

Carmell Corporation operates as a bio-aesthetics company. The company utilizes Carmell Secretome to support skin and hair health. Its Carmell Secretome consists of growth factors and proteins extracted from allogeneic human platelets sourced from tissue banks. The company also developed a microemulsion formulation that enables delivery of lipophilic and hydrophilic ingredients without relying on the Foul Fourteen, 14 potentially harmful excipients that are commonly used by other companies to impart texture, stability, and other desirable physicochemical attributes to cosmetic products.