Clearside Biomedical Inc (NASDAQ:CLSD) has a beta value of 2.31 and has seen 1.64 million shares traded in the last trading session. The company, currently valued at $92.69M, closed the last trade at $1.24 per share which meant it lost -$0.08 on the day or -6.06% during that session. The CLSD stock price is -70.97% off its 52-week high price of $2.12 and 47.58% above the 52-week low of $0.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.6 million shares traded. The 3-month trading volume is 606.07K shares.
The consensus among analysts is that Clearside Biomedical Inc (CLSD) 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 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.12.
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Clearside Biomedical Inc (NASDAQ:CLSD) trade information
Sporting -6.06% in the red 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 CLSD stock price touched $1.24 or saw a rise of 24.85%. Year-to-date, Clearside Biomedical Inc shares have moved 5.98%, while the 5-day performance has seen it change -14.48%. Over the past 30 days, the shares of Clearside Biomedical Inc (NASDAQ:CLSD) have changed -8.15%. Short interest in the company has seen 0.26 million shares shorted with days to cover at 0.65.
Clearside Biomedical Inc (CLSD) estimates and forecasts
Figures show that Clearside Biomedical Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -0.80% over the past 6 months, with this year growth rate of -5.66%, compared to 17.40% for the industry. Revenue growth from the last financial year stood is estimated to be -93.30%.
7 analysts offering their estimates for the company have set an average revenue estimate of 120k for the current quarter. 7 have an estimated revenue figure of 120k for the next ending quarter. Year-ago sales stood 859k and 6.34M respectively for this quarter and the next, and analysts expect sales will shrink by -86.00% for the current quarter and -93.30% for the next.
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 27.88% over the past 5 years.
CLSD Dividends
Clearside Biomedical Inc is expected to release its next earnings report on 2024-Nov-11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Clearside Biomedical Inc (NASDAQ:CLSD)’s Major holders
Insiders own 7.39% of the company shares, while shares held by institutions stand at 26.33% with a share float percentage of 28.43%. Investors are also buoyed by the number of investors in a company, with Clearside Biomedical Inc having a total of 59.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 2.84 million shares worth more than $3.69 million. As of 2024-06-30, VANGUARD GROUP INC held 4.0656% of shares outstanding.
The other major institutional holder is ROSALIND ADVISORS, INC., with the holding of over 2.59 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.37 million and represent 3.7115% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.64% shares in the company for having 1.97 shares of worth $2.44 million while later fund manager owns 783.85 shares of worth $0.97 million as of Jun 30, 2024 , which makes it owner of about 1.05% of company’s outstanding stock.
