Cibus (CBUS) Projected to Post 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. Parties interested in registering for the company’s conference call can do so using this link.

Cibus Trading Down 3.4 %

NASDAQ:CBUS opened at $2.30 on Wednesday. The company has a market capitalization of $60.85 million, a P/E ratio of -0.10 and a beta of 2.04. Cibus has a 12 month low of $1.80 and a 12 month high of $23.18. The firm has a fifty day simple moving average of $2.35 and a 200-day simple moving average of $3.40.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price target on 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

An institutional investor recently raised its position in Cibus stock. Bank of America Corp DE grew its stake in Cibus, Inc. (NASDAQ:CBUS) by 113.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,536 shares of the company’s stock after buying an additional 18,885 shares during the quarter. Bank of America Corp DE owned 0.13% of Cibus worth $99,000 as of its most recent SEC filing. 33.81% of the stock is owned by hedge funds and other institutional investors.

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.