Carmell (NASDAQ:CTCX) Trading Up 0.1% – Still a Buy?

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

Carmell Trading Up 0.1 %

The company has a 50 day moving average of $0.32 and a 200 day moving average of $0.82.

Institutional Trading of Carmell

An institutional investor recently bought a new position in Carmell stock. Warberg Asset Management LLC acquired a new stake in Carmell Co. (NASDAQ:CTCX) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 45,000 shares of the company’s stock, valued at approximately $60,000. Warberg Asset Management LLC owned about 0.22% of Carmell at the end of the most recent quarter. 24.22% of the stock is currently owned by institutional investors.

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.