Cepton (NASDAQ:CPTN) Trading Up 0.9% – Here’s Why

Shares of Cepton, Inc. (NASDAQ:CPTN) traded up 0.9% during trading on Thursday . The company traded as high as $3.15 and last traded at $3.15. 10,140 shares were traded during mid-day trading, a decline of 67% from the average session volume of 30,793 shares. The stock had previously closed at $3.12.

Analyst Upgrades and Downgrades

Separately, Westpark Capital restated a “hold” rating on shares of Cepton in a research report on Wednesday, August 14th.

Cepton Stock Performance

The stock’s 50 day moving average is $3.11 and its 200-day moving average is $2.91.

Cepton (NASDAQ:CPTN) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.26. The company had revenue of $10.43 million during the quarter, compared to the consensus estimate of $11.00 million.

About Cepton

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.