Cara Therapeutics CARA Stock Price is looking horrible in the chart and fundamentals. CARA stock price is down 35% in the last year.
I will be evaluating many factors to determine just how hot the stock is.
The official heat level for CARA is, a 🔥🔥2 out of 4.
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Before I go over this exciting trending stock, I wanted to introduce myself. Hello 🙋♂️ My name is Alexander Goldman. I have been trading, at a very high level, breakout stocks and trending stocks for 20 years now. I’m accredited for establishing the coveted HOT grading system for trending stocks.
Don’t believe me, well you shouldn’t without proof!
Take a look at this article I wrote below, where I called 5 stocks, 3 losers and 2 winners and they all did what I thought!
The article is HERE and I shine a spotlight on these breakout stocks and also those losers!
Now, let’s go over some of the basic information on this stock before we get in the technical analysis and how I came up with HOT grade.
Cara Therapeutics CARA Stock Price Company Information
Company Name: Cara Therapeutics
Ticker: CARA
Exchange: NASDAQ
Website: https://www.caratherapeutics.com/
Breakout Stock Cara Therapeutics Company Summary:
CARA Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which focuses on developing and commercializing new chemical entities designed to alleviate pruritus by selectively targeting peripheral kappa opioid receptors (KORs). Its portfolio includes opioid-based products, anesthetic-based drugs, and analgesics that targets to alleviate itch and pain. The company was founded by Derek T. Chalmers, Michael E. Lewis, and Frederique Menzaghi on July 2, 2004 and is headquartered in Stamford, CT.
Trending Stock CARA stock price 5 Day Chart
CARA Stock Price HOT Stock Grade:
The official heat level for CARA is, a 🔥🔥2 out of 4. Continue reading to see why I think it is just a 2 out of 5. Here are my takeaways on PETZ and why it is just a 2 out of 4.
The volume, is solid right now but it does tend to be slow at times.
The news, the news cycle is important and I do not believe in being too high on a company that doesn’t issue news.
The chart, it is bullish after the bearish move and consolidation. If it can stay above $8 we will be good!
The fundamentals, there financials are not very good. This draws serious concerns!
Marketing efforts, I have not found serious marketing efforts around the investor awareness of this company. Like a product, a company needs to market itself.
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