In last trading session, Delcath Systems Inc (NASDAQ:DCTH) saw 0.85 million shares changing hands with its beta currently measuring 0.45. Company’s recent per share price level of $2.45 trading at -$0.02 or -0.81% at ring of the bell on the day assigns it a market valuation of $54.02M. That closing price of DCTH’s stock is at a discount of -226.12% from its 52-week high price of $7.99 and is indicating a premium of 8.16% from its 52-week low price of $2.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.47 million shares which gives us an average trading volume of 457.57K if we extend that period to 3-months.
For Delcath Systems Inc (DCTH), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.51 in the current quarter.
Delcath Systems Inc (NASDAQ:DCTH) trade information
Upright in the red during last session for losing -0.81%, in the last five days DCTH remained trading in the red while hitting it’s week-highest on Monday, 11/13/23 when the stock touched $2.45 price level, adding 19.67% to its value on the day. Delcath Systems Inc’s shares saw a change of -31.94% in year-to-date performance and have moved -16.95% in past 5-day. Delcath Systems Inc (NASDAQ:DCTH) showed a performance of -33.96% in past 30-days. Number of shares sold short was 0.77 million shares which calculate 3.6 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $18.00 to the stock, which implies a rise of 86.39% to its current value. Analysts have been projecting $13.00 as a low price target for the stock while placing it at a high target of $22.00. It follows that stock’s current price would drop -797.96% in reaching the projected high whereas dropping to the targeted low would mean a loss of -430.61% for stock’s current value.
Delcath Systems Inc (DCTH) estimates and forecasts
Statistics highlight that Delcath Systems Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -65.40% of value to its shares in past 6 months, showing an annual growth rate of 28.16% while that of industry is 9.90. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 50.00% in the current quarter and calculating 41.60% increase in the next quarter. This year revenue growth is estimated to fall -23.50% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $540k for the same. And 3 analysts are in estimates of company making revenue of $1.78 million in the next quarter that will end on Mar 2024. Company posted $810k and $597k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -33.30% while estimating it to be 198.20% 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 92.89% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 28.13% while estimates for its earnings growth in next 5 years are of 15.00%.
Delcath Systems Inc is more likely to be releasing its next quarterly report on November 13 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.
Delcath Systems Inc (NASDAQ:DCTH)’s Major holders
Insiders are in possession of 2.87% of company’s total shares while institution are holding 37.46 percent of that, with stock having share float percentage of 38.56%. Investors also watch the number of corporate investors in a company very closely, which is 37.46% institutions for Delcath Systems Inc that are currently holding shares of the company. Morgan Stanley is the top institutional holder at DCTH for having 60926.0 shares of worth $0.36 million. And as of Jun 29, 2023, it was holding 83.72% of the company’s outstanding shares.
On the other hand, Fidelity Extended Market Index Fund and iShares Micro Cap ETF are the top two Mutual Funds which own company’s shares. As of May 30, 2023, the former fund manager was holding 38443.0 shares of worth $0.31 million or 52.83% of the total outstanding shares. The later fund manager was in possession of 17413.0 shares on Aug 30, 2023, making its stake of worth around $79925.0 in the company or a holder of 23.93% of company’s stock.