Connect Biopharma Holdings Ltd ADR (NASDAQ: CNTB) Stock: Does It Have Room To Grow?

In the last trading session, 0.11 million Connect Biopharma Holdings Ltd ADR (NASDAQ:CNTB) shares changed hands as the company’s beta touched -0.37. With the company’s per share price at $1.49 changed hands at -$0.16 or -9.70% during last session, the market valuation stood at $82.10M. CNTB’s last price was a discount, traded about -90.6% off its 52-week high of $2.84. The share price had its 52-week low at $0.53, which suggests the last value was 64.43% up since then. When we look at Connect Biopharma Holdings Ltd ADR’s average trading volume, we note the 3-month average coming to 115.24K.

Connect Biopharma Holdings Ltd ADR (NASDAQ:CNTB) trade information

Instantly CNTB was in red as seen at the end of in last trading. With action -18.58%, the performance over the past five days has been red. The drop to weekly highs of 1.9500 subtracted -9.70% to the stock’s daily price. The company’s shares are showing year-to-date upside of 26.27%, with the 5-day performance at -18.58% in the red. However, in the 30-day time frame, Connect Biopharma Holdings Ltd ADR (NASDAQ:CNTB) is -16.29% down.

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Connect Biopharma Holdings Ltd ADR (CNTB) estimates and forecasts

Data shows that the Connect Biopharma Holdings Ltd ADR share is 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 57.87% over the past 6 months, a 150.00% in annual growth rate that is considerably higher than the industry average of 15.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -39.81%. The 2024 estimates are for Connect Biopharma Holdings Ltd ADR earnings to increase by 150.75%.