Now Is A Good Time To Buy Compass Therapeutics Inc (NASDAQ: CMPX)

During the last session, Compass Therapeutics Inc (NASDAQ:CMPX)’s traded shares were 0.55 million, with the beta value of the company hitting 0.73. At the end of the trading day, the stock’s price was $1.98, reflecting an intraday gain of 14.45% or $0.25. The 52-week high for the CMPX share is $2.34, that puts it down -18.18 from that peak though still a striking 61.62% gain since the share price plummeted to a 52-week low of $0.76. The company’s market capitalization is $272.43M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 428.54K shares over the past three months.

Compass Therapeutics Inc (CMPX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.14. CMPX has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 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 -0.11.

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Compass Therapeutics Inc (NASDAQ:CMPX) trade information

Compass Therapeutics Inc (CMPX) registered a 14.45% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 14.45% in intraday trading to $1.98, hitting a weekly high. The stock’s 5-day price performance is 2.59%, and it has moved by 28.57% in 30 days. Based on these gigs, the overall price performance for the year is 0.00%. The short interest in Compass Therapeutics Inc (NASDAQ:CMPX) is 2.49 million shares and it means that shorts have 5.14 day(s) to cover.

The consensus price target of analysts on Wall Street is $5, which implies an increase of 60.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, CMPX is trading at a discount of -152.53% off the target high and -152.53% off the low.

Compass Therapeutics Inc (CMPX) estimates and forecasts

Statistics show that Compass Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Compass Therapeutics Inc (CMPX) shares have gone up 22.22% during the last six months, with a year-to-date growth rate less than the industry average at -27.27% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -37.50% this quarter and then drop -9.10% 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 12.88%. While earnings are projected to return -26.41% in 2024.

CMPX Dividends

Compass Therapeutics Inc is due to release its next quarterly earnings on 2024-Aug-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Compass Therapeutics Inc (NASDAQ:CMPX)’s Major holders

Compass Therapeutics Inc insiders own 12.04% of total outstanding shares while institutional holders control 72.08%, with the float percentage being 81.94%. ORBIMED ADVISORS LLC is the largest shareholder of the company, while 112.0 institutions own stock in it. As of 2024-06-30, the company held over 22.36 million shares (or 16.3701% of all shares), a total value of $22.36 million in shares.

The next largest institutional holding, with 11.13 million shares, is of ADAGE CAPITAL PARTNERS GP, L.L.C.’s that is approximately 8.1474% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.13 million.