Why Context Therapeutics Inc (NASDAQ: CNTX) Stock Should Not Be Discarded By Investors In 2024

In the last trading session, 1.19 million shares of the Context Therapeutics Inc (NASDAQ:CNTX) were traded, and its beta was 2.27. Most recently the company’s share price was $1.92, and it changed around -$0.06 or -3.03% from the last close, which brings the market valuation of the company to $144.00M. CNTX currently trades at a discount to its 52-week high of $2.75, offering almost -43.23% off that amount. The share price’s 52-week low was $0.77, which indicates that the current value has risen by an impressive 59.9% since then. We note from Context Therapeutics Inc’s average daily trading volume that its 10-day average is 0.58 million shares, with the 3-month average coming to 167.45K.

Context Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended CNTX as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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Context Therapeutics Inc (NASDAQ:CNTX) trade information

Instantly CNTX has showed a red trend with a performance of -3.03% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.0400 on recent trading dayincreased the stock’s daily price by 5.88%. The company’s shares are currently up 69.91% year-to-date, but still up 3.23% over the last five days. On the other hand, Context Therapeutics Inc (NASDAQ:CNTX) is -15.79% down in the 30-day period. We can see from the shorts that 1.69 million shares have been sold at a short interest cover period of 20.27 day(s).

The consensus price target as assigned by Wall Street analysts is $5.25, which translates to bulls needing to increase their stock price by 63.43% from its current value. Analyst projections state that CNTX is forecast to be at a low of $4.5 and a high of $6.

Context Therapeutics Inc (CNTX) estimates and forecasts

Context Therapeutics Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 51.18 percent over the past six months and at a 73.33% annual growth rate that is well above the industry average of 19.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -26.70%.

CNTX Dividends

Context Therapeutics Inc’s next quarterly earnings report is expected to be released in November.

Context Therapeutics Inc (NASDAQ:CNTX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.45% of Context Therapeutics Inc shares, and 76.40% of them are in the hands of institutional investors. The stock currently has a share float of 77.52%. Context Therapeutics Inc stock is held by 37.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 28.1986% of the shares, which is about 4.5 million shares worth $9.03 million.

GREAT POINT PARTNERS LLC, with 13.4999% or 7.42 million shares worth $14.88 million as of 2024-06-30, holds the second largest percentage of outstanding shares.