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Cartesian Therapeutics, Inc. (RNAC) Moves 9.9% Higher: Will This Strength Last?
ZACKSยท 2025-07-24 12:40
Company Overview - Cartesian Therapeutics, Inc. (RNAC) shares increased by 9.9% to close at $13.39, with trading volume significantly higher than usual, reflecting strong investor interest [1] - The stock has gained 17.6% over the past four weeks, indicating a positive trend [1] Pipeline and Clinical Trials - The surge in stock price is attributed to positive investor expectations regarding the company's mRNA cell therapy pipeline for autoimmune diseases [2] - The lead candidate, Descartes-08, is currently in a phase III study for Myasthenia Gravis and is also being evaluated for systemic lupus erythematosus in a phase II study [2] - Another candidate, Descartes-15, is in early-stage studies for multiple myeloma, further diversifying the clinical-stage pipeline [2] Financial Performance Expectations - The company is expected to report a quarterly loss of $0.76 per share, a significant year-over-year decline of 240.7% [3] - Projected revenues for the upcoming quarter are $0.75 million, down 97.8% from the same quarter last year [3] Earnings Estimate Revisions - The consensus EPS estimate for the quarter has been revised 4.6% higher in the last 30 days, which is typically a positive indicator for future stock price appreciation [4] - A positive trend in earnings estimate revisions is correlated with potential price increases, suggesting that RNAC may continue to strengthen [4] Industry Context - Cartesian Therapeutics operates within the Zacks Medical - Biomedical and Genetics industry, which includes other companies like DBV Technologies S.A. (DBVT) [4] - DBVT's stock closed 2% higher at $9.47, with an 8.9% return over the past month, indicating a favorable environment within the industry [4][5]