During the last session, Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP)’s traded shares were 0.38 million, with the beta value of the company hitting 2.54. At the end of the trading day, the stock’s price was $18.78, reflecting an intraday gain of 2.51% or $0.46. The 52-week high for the CRBP share is $61.90, that puts it down -229.61 from that peak though still a striking 83.87% gain since the share price plummeted to a 52-week low of $3.03. The company’s market capitalization is $226.11M, and the average intraday trading volume over the past 10 days was 0.62 million shares, and the average trade volume was 623.42K shares over the past three months.
Corbus Pharmaceuticals Holdings Inc (CRBP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CRBP has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.95.
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Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) trade information
Corbus Pharmaceuticals Holdings Inc (CRBP) registered a 2.51% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.51% in intraday trading to $18.78, hitting a weekly high. The stock’s 5-day price performance is -2.24%, and it has moved by -63.59% in 30 days. Based on these gigs, the overall price performance for the year is 209.39%. The short interest in Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) is 2.6 million shares and it means that shorts have 2.11 day(s) to cover.
The consensus price target of analysts on Wall Street is $77, which implies an increase of 75.61% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $88 respectively. As a result, CRBP is trading at a discount of -368.58% off the target high and -112.99% off the low.
Corbus Pharmaceuticals Holdings Inc (CRBP) estimates and forecasts
Statistics show that Corbus Pharmaceuticals Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Corbus Pharmaceuticals Holdings Inc (CRBP) shares have gone down -54.03% during the last six months, with a year-to-date growth rate more than the industry average at 63.14% against 19.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 53.70% this quarter and then jump 43.60% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.86%. While earnings are projected to return 62.26% in 2024.
CRBP Dividends
Corbus Pharmaceuticals Holdings Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP)’s Major holders
Corbus Pharmaceuticals Holdings Inc insiders own 0.76% of total outstanding shares while institutional holders control 102.43%, with the float percentage being 103.21%.
