In last trading session, Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) saw 5,269,638 shares changing hands with its beta currently measuring 1.85. Company’s recent per share price level of $1.76 trading at $0.02 or 1.15% at ring of the bell on the day assigns it a market valuation of $220.06 Million. That closing price of CRBP’s stock is at a discount of -455.68% from its 52-week high price of $9.78 and is indicating a premium of 48.3% from its 52-week low price of $0.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.07 Million shares which gives us an average trading volume of 14.87 Million if we extend that period to 3-months.
For Corbus Pharmaceuticals Holdings, Inc. (CRBP), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.8. Splitting up the data highlights that, out of 5 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.
Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) trade information
Upright in the green during last session for gaining 1.15%, in the last five days CRBP remained trading in the green while hitting it’s week-highest on Friday, Apr 09 when the stock touched $1.9367 price level, adding 9.12% to its value on the day. Corbus Pharmaceuticals Holdings, Inc.’s shares saw a change of 40.8% in year-to-date performance and have moved -6.88% in past 5-day. Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) showed a performance of -22.47% in past 30-days. Number of shares sold short was 10.84 Million shares which calculate 0.73 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.37 to the stock, which implies a rise of 34.66% to its current value. Analysts have been projecting $2 as a low price target for the stock while placing it at a high target of $3. It follows that stock’s current price would jump +70.45% in reaching the projected high whereas dropping to the targeted low would mean a loss of 13.64% for stock’s current value.
Corbus Pharmaceuticals Holdings, Inc. (CRBP) estimates and forecasts
Statistics highlight that Corbus Pharmaceuticals Holdings, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +57.14% of value to its shares in past 6 months, showing an annual growth rate of -63.38% while that of industry is 17.1. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 65.1% in the current quarter and calculating 75% increase in the next quarter. This year revenue growth is estimated to drop -2.5% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $960Million for the same. And 4 analysts are in estimates of company making revenue of $950Million in the next quarter that will end on June 01, 2021. Company posted $1.76 Million and $286Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -45.5% while estimating it to be 232.2% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -38.2% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -27.4% while estimates for its earnings growth in next 5 years are of 0%
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Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP)’s Major holders
Insiders are in possession of 1.16% of company’s total shares while institution are holding 33.74% percent of that, with stock having share float percentage of 34.13%. Investors also watch the number of corporate investors in a company very closely, which is 145 institutions for Corbus Pharmaceuticals Holdings, Inc. that are currently holding shares of the company. ETF Managers Group, LLC is the top institutional holder at CRBP for having 8.1 Million shares of worth $10.13 Million. And as of December 30, 2020, it was holding 6.48% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 5.22 Million shares on December 30, 2020. The number of shares represents firm’s hold over 4.18% of outstanding shares, having a total worth of $6.53 Million.
On the other hand, ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 8103641 shares of worth $10.13 Million or 6.48% of the total outstanding shares. The later fund manager was in possession of 2.64 Million shares on February 27, 2021, making its stake of worth around $5.77 Million in the company or a holder of 2.12% of company’s stock.