During the last session, CytomX Therapeutics Inc (NASDAQ:CTMX)’s traded shares were 0.34 million, with the beta value of the company hitting 1.05. At the end of the trading day, the stock’s price was $1.15, reflecting an intraday gain of 2.68% or $0.03. The 52-week high for the CTMX share is $5.85, that puts it down -408.7 from that peak though still a striking 9.57% gain since the share price plummeted to a 52-week low of $1.04. The company’s market capitalization is $89.84M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 686.15K shares over the past three months.
CytomX Therapeutics Inc (CTMX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. CTMX has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.17.
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CytomX Therapeutics Inc (NASDAQ:CTMX) trade information
The stock spiked 2.68% in intraday trading to $1.15, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by -8.00% in 30 days. Based on these gigs, the overall price performance for the year is -8.00%. The short interest in CytomX Therapeutics Inc (NASDAQ:CTMX) is 6.25 million shares and it means that shorts have 7.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.78, which implies an increase of 80.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $8 respectively. As a result, CTMX is trading at a discount of -595.65% off the target high and -204.35% off the low.
CytomX Therapeutics Inc (CTMX) estimates and forecasts
Statistics show that CytomX Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. CytomX Therapeutics Inc (CTMX) shares have gone down -46.51% during the last six months, with a year-to-date growth rate less than the industry average at -2,800.00% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -525.00% this quarter and then drop -2,100.00% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 17.51M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 15.09M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 14.14M and 26.61M respectively. In this case, analysts expect current quarter sales to grow by 23.80% and then drop by -43.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 67.21%. While earnings are projected to return -3053.00% in 2024, the next five years will return -0.90% per annum.
CTMX Dividends
CytomX Therapeutics 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.
CytomX Therapeutics Inc (NASDAQ:CTMX)’s Major holders
CytomX Therapeutics Inc insiders own 1.00% of total outstanding shares while institutional holders control 72.34%, with the float percentage being 73.08%. TANG CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 87.0 institutions own stock in it. As of 2024-06-30, the company held over 7.79 million shares (or 9.4989% of all shares), a total value of $9.51 million in shares.
The next largest institutional holding, with 6.3 million shares, is of JANUS HENDERSON GROUP PLC’s that is approximately 7.6826% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.72 million.
