The price of Corbus Pharmaceuticals Holdings Inc (NASDAQ: CRBP) closed at $43.68 in the last session, down -3.21% from day before closing price of $45.13. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 633222 shares were traded.
Ratios:
We take a closer look at CRBP’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.74.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on March 06, 2024, Upgraded its rating to Buy and sets its target price to $46 from $4 previously.
On September 08, 2020, ROTH Capital Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $40 to $3.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 08 ’24 when Cormorant Asset Management, LP bought 300,000 shares for $44.38 per share. The transaction valued at 13,314,193 led to the insider holds 2,025,000 shares of the business.
Cormorant Asset Management, LP bought 250,000 shares of CRBP for $10,013,367 on Mar 07 ’24. The 10% Owner now owns 1,725,000 shares after completing the transaction at $40.05 per share. On Feb 02 ’24, another insider, Cormorant Asset Management, LP, who serves as the 10% Owner of the company, bought 750,000 shares for $19.00 each. As a result, the insider paid 14,250,000 and bolstered with 1,475,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRBP now has a Market Capitalization of 458.34M and an Enterprise Value of 458.32M.
Stock Price History:
Over the past 52 weeks, CRBP has reached a high of $49.87, while it has fallen to a 52-week low of $2.76. The 50-Day Moving Average of the stock is 22.97, while the 200-Day Moving Average is calculated to be 10.62.
Shares Statistics:
According to the various share statistics, CRBP traded on average about 905.70K shares per day over the past 3-months and 507.6k shares per day over the past 10 days. A total of 10.49M shares are outstanding, with a floating share count of 10.38M. Insiders hold about 1.07% of the company’s shares, while institutions hold 54.92% stake in the company. Shares short for CRBP as of Feb 29, 2024 were 61.06k with a Short Ratio of 0.07, compared to 464.74k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.59% and a Short% of Float of 0.59%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$1.09 for the current quarter, with a high estimate of -$0.96 and a low estimate of -$1.22, while EPS last year was -$4.24. The consensus estimate for the next quarter is -$1.2, with high estimates of -$0.98 and low estimates of -$1.43.
Analysts are recommending an EPS of between -$4.03 and -$6.38 for the fiscal current year, implying an average EPS of -$5.2. EPS for the following year is -$5.12, with 2 analysts recommending between -$4.67 and -$5.57.
