In the last trading session, 3,633,771 Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) shares changed hands as the company’s beta touched 1.88. With the company’s per share price at $1.8 changed hands at -$0.15 or -0.08% during last session, the market valuation stood at $224.89 Million. CRBP’s last price was a discount, traded about -443.33% off its 52-week high of $9.78. The share price had its 52-week low at $0.91, which suggests the last value was 49.44% up since then. When we look at Corbus Pharmaceuticals Holdings, Inc.’s average trading volume, we note the 10-day average is 3.64 Million shares, with the 3-month average coming to 15Million.
Analysts gave the Corbus Pharmaceuticals Holdings, Inc. (CRBP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.8. If we narrow down to specifics, the data shows that none out of 5 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 4 recommended CRBP as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. Corbus Pharmaceuticals Holdings, Inc.’s EPS for the current quarter is expected to be -$0.15.
Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) trade information
Although CRBP has turned red as seen at the end of in last trading. With action -7.69%, the performance over the past five days has been red. The jump to weekly highs of $2.3 on Tuesday, Mar 23 added 21.74% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.44%, with the 5-day performance at -0.23% in the red. However, in the 30-day time frame, Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) is -0.17% down. Looking at the short shares, we see there were 11.65 Million shares sold at short interest cover period of 0.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.37, meaning bulls need an upside of 31.67% from its current market value. According to analyst projections, CRBP’s forecast low is $2 with $3 as the target high. To hit the forecast high, the stock’s price needs a +66.67% upsurge from its current level, while the stock would need to tank 11.11% for it to hit the projected low.
Corbus Pharmaceuticals Holdings, Inc. (CRBP) estimates and forecasts
Data shows that the Corbus Pharmaceuticals Holdings, Inc. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +15.02% over the past 6 months, a -63.38% in annual growth rate that is considerably lower than the industry average of 18.9%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Corbus Pharmaceuticals Holdings, Inc. will rise +65.1%, while the growth in revenue is estimated to hit 75% for the next quarter. Year-over-year growth is forecast to reach -2.5% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $960Million. 4 analysts are of the opinion that Corbus Pharmaceuticals Holdings, Inc.’s revenue for the quarter ending June 01, 2021 will be $950Million. The company’s revenue for the corresponding quarters a year ago was $1.76 Million and $286Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -45.5%. The estimates for the next quarter sales put growth at 232.2%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -38.2%. The 2021 estimates are for Corbus Pharmaceuticals Holdings, Inc. earnings to decrease by -27.4%, but the outlook for the next 5-year period is at 0% per year.
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Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.73% of Corbus Pharmaceuticals Holdings, Inc. shares while 75.49% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.82%. There are 171 institutions holding the Corbus Pharmaceuticals Holdings, Inc. stock share, with ETF Managers Group, LLC the top institutional holder. As of Dec 30, 2020, the company held 6.49% of the shares, roughly 8.1 Million CRBP shares worth $10.13 Million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 4.18% or 5.22 Million shares worth $6.53 Million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF. With 8103641 shares estimated at $10.13 Million under it, the former controlled 6.49% of total outstanding shares. On the other hand, Global X Fds-The Global X Cannabis ETF held about 2.12% of the shares, roughly 2.64 Million shares worth around $5.77 Million.