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With 16.67% Distance From Low, Is Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) Poised For More Gains?

In last trading session, Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) saw 1.89 million shares changing hands with its beta currently measuring 1.80. Company’s recent per share price level of $0.12 trading at $0.01 or 6.48% at ring of the bell on the day assigns it a market valuation of $15.89M. That closing price of CRBP’s stock is at a discount of -675.0% from its 52-week high price of $0.93 and is indicating a premium of 16.67% from its 52-week low price of $0.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.09 million shares which gives us an average trading volume of 2.47 million if we extend that period to 3-months.

For Corbus Pharmaceuticals Holdings Inc. (CRBP), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.06 in the current quarter.

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Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) trade information

Upright in the green during last session for gaining 6.48%, in the last five days CRBP remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.12 price level, adding 7.69% to its value on the day. Corbus Pharmaceuticals Holdings Inc.’s shares saw a change of -81.32% in year-to-date performance and have moved -11.06% in past 5-day. Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) showed a performance of -5.74% in past 30-days. Number of shares sold short was 4.76 million shares which calculate 0.94 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $3.00 to the stock, which implies a rise of 96.0% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $3.00. It follows that stock’s current price would drop -2400.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2400.0% for stock’s current value.

Corbus Pharmaceuticals Holdings Inc. (CRBP) estimates and forecasts

Statistics highlight that Corbus Pharmaceuticals Holdings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -61.97% of value to its shares in past 6 months, showing an annual growth rate of 27.03% while that of industry is 11.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 25.00% in the current quarter and calculating 12.50% increase in 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 5.30% during past 5 years.

CRBP Dividends

Corbus Pharmaceuticals Holdings Inc. is more likely to be releasing its next quarterly report on November 08 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP)’s Major holders

Insiders are in possession of 0.48% of company’s total shares while institution are holding 19.00 percent of that, with stock having share float percentage of 19.10%. Investors also watch the number of corporate investors in a company very closely, which is 19.00% institutions for Corbus Pharmaceuticals Holdings Inc. that are currently holding shares of the company. Knoll Capital Management, LLC is the top institutional holder at CRBP for having 5.05 million shares of worth $0.58 million. And as of Sep 29, 2022, it was holding 26.61% of the company’s outstanding shares.

The second largest institutional holder is ETF Managers Group, LLC, which was holding about 4.71 million shares on Sep 29, 2022. The number of shares represents firm’s hold over 24.84% of outstanding shares, having a total worth of $0.54 million.

On the other hand, ETF Managers Tr-EFTMG Alternative Harvest ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 7.06 million shares of worth $0.81 million or 37.24% of the total outstanding shares. The later fund manager was in possession of 2.43 million shares on Jun 29, 2022, making its stake of worth around $0.28 million in the company or a holder of 12.83% of company’s stock.

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