Citius Pharmaceuticals Inc (CTXR) Has Risen 0.60%, Becoming A Winning Stock For Investors

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Citius Pharmaceuticals Inc (NASDAQ:CTXR) has a beta value of 1.64 and has seen 0.31 million shares traded in the last trading session. The CTXR stock price is -87.72% off its 52-week high price of $1.07 and 15.79% above the 52-week low of $0.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.05 million shares traded. The 3-month trading volume is 2.21 million shares.

The consensus among analysts is that Citius Pharmaceuticals Inc (CTXR) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.

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Citius Pharmaceuticals Inc (NASDAQ:CTXR) trade information

Sporting 0.60% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CTXR stock price touched $0.57 or saw a rise of 16.19%. Year-to-date, Citius Pharmaceuticals Inc shares have moved -24.65%, while the 5-day performance has seen it change -4.20%. Over the past 30 days, the shares of Citius Pharmaceuticals Inc (NASDAQ:CTXR) have changed -37.04%. Short interest in the company has seen 12.28 million shares shorted with days to cover at 4.49.

Citius Pharmaceuticals Inc (CTXR) estimates and forecasts

Figures show that Citius Pharmaceuticals Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -26.68% over the past 6 months, with this year growth rate of 12.50%, compared to 20.20% for the industry.

2 have an estimated revenue figure of 15.87M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 28.21% over the past 5 years.

CTXR Dividends

Citius Pharmaceuticals Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Citius Pharmaceuticals Inc (NASDAQ:CTXR)’s Major holders

Insiders own 6.81% of the company shares, while shares held by institutions stand at 16.99% with a share float percentage of 18.23%. Investors are also buoyed by the number of investors in a company, with Citius Pharmaceuticals Inc having a total of 83.0 institutions that hold shares in the company. The top two institutional holders are ARMISTICE CAPITAL, LLC with over 10.16 million shares worth more than $5.93 million. As of 2024-06-30, ARMISTICE CAPITAL, LLC held 6.3845% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 6.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.69 million and represent 3.9776% of shares outstanding.