Stock Surge: Corbus Pharmaceuticals Holdings Inc (CRBP) Closes at 18.52, Marking a -5.41 Increase/Decrease

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In the latest session, Corbus Pharmaceuticals Holdings Inc (NASDAQ: CRBP) closed at $18.52 down -5.41% from its previous closing price of $19.58. In other words, the price has decreased by -$5.41 from its previous closing price. On the day, 0.74 million shares were traded. CRBP stock price reached its highest trading level at $19.58 during the session, while it also had its lowest trading level at $18.13.

Ratios:

For a deeper understanding of Corbus Pharmaceuticals Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.18 and its Current Ratio is at 6.18. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.02.

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 this company, Wedbush on July 30, 2024, initiated with a Outperform rating and assigned the stock a target price of $85.

On June 26, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $85.B. Riley Securities initiated its Buy rating on June 26, 2024, with a $85 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 20 ’24 when Cormorant Asset Management, LP bought 350,000 shares for $20.01 per share. The transaction valued at 7,003,761 led to the insider holds 2,375,000 shares of the business.

CATLIN AVERY W bought 888 shares of CRBP for $50,109 on Sep 04 ’24. On Jun 14 ’24, another insider, Moran Sean F., who serves as the Chief Financial Officer of the company, sold 9,355 shares for $49.87 each. As a result, the insider received 466,569 and left with 48,605 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 223053040 and an Enterprise Value of 90824768.

Stock Price History:

Over the past 52 weeks, CRBP has reached a high of $61.90, while it has fallen to a 52-week low of $3.03. The 50-Day Moving Average of the stock is -59.01%, while the 200-Day Moving Average is calculated to be -51.22%.

Shares Statistics:

For the past three months, CRBP has traded an average of 616.19K shares per day and 728100 over the past ten days. A total of 12.04M shares are outstanding, with a floating share count of 11.67M. Insiders hold about 3.09% of the company’s shares, while institutions hold 102.29% stake in the company. Shares short for CRBP as of 1726185600 were 1259138 with a Short Ratio of 2.04, compared to 1723680000 on 1215923. Therefore, it implies a Short% of Shares Outstanding of 1259138 and a Short% of Float of 12.590000000000002.

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