Celldex Therapeutics Inc. (NASDAQ:CLDX) has a beta value of 1.56 and has seen 1.07 million shares traded in the last trading session. The company, currently valued at $2.01B, closed the last trade at $30.28 per share which meant it lost -$1.04 on the day or -3.32% during that session. The CLDX stock price is -75.63% off its 52-week high price of $53.18 and 26.98% above the 52-week low of $22.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.84 million shares traded. The 3-month trading volume is 983.14K shares.
The consensus among analysts is that Celldex Therapeutics Inc. (CLDX) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.67.
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Celldex Therapeutics Inc. (NASDAQ:CLDX) trade information
Sporting -3.32% 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 CLDX stock price touched $30.28 or saw a rise of 4.36%. Year-to-date, Celldex Therapeutics Inc. shares have moved -23.65%, while the 5-day performance has seen it change -0.43%. Over the past 30 days, the shares of Celldex Therapeutics Inc. (NASDAQ:CLDX) have changed -31.43%. Short interest in the company has seen 8.31 million shares shorted with days to cover at 5.46.
Wall Street analysts have a consensus price target for the stock at $58, which means that the shares’ value could jump 47.79% from current levels. The projected low price target is $44.0 while the price target rests at a high of $63.0. In that case, then, we find that the current price level is -108.06% off the targeted high while a plunge would see the stock gain -45.31% from current levels.
Celldex Therapeutics Inc. (CLDX) estimates and forecasts
Figures show that Celldex Therapeutics Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -22.50% over the past 6 months, with this year growth rate of 6.02%, compared to 17.40% for the industry. Revenue growth from the last financial year stood is estimated to be -44.50%.
10 analysts offering their estimates for the company have set an average revenue estimate of 830k for the current quarter. 10 have an estimated revenue figure of 820k for the next ending quarter. Year-ago sales stood 1.52M and 4.13M respectively for this quarter and the next, and analysts expect sales will shrink by -45.30% for the current quarter and -44.50% 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 27.41% over the past 5 years.
CLDX Dividends
Celldex Therapeutics Inc. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Celldex Therapeutics Inc. (NASDAQ:CLDX)’s Major holders
Insiders own 0.30% of the company shares, while shares held by institutions stand at 107.04% with a share float percentage of 107.36%. Investors are also buoyed by the number of investors in a company, with Celldex Therapeutics Inc. having a total of 264.0 institutions that hold shares in the company. The top two institutional holders are WELLINGTON MANAGEMENT GROUP LLP with over 8.08 million shares worth more than $298.89 million. As of 2024-06-30, WELLINGTON MANAGEMENT GROUP LLP held 13.718% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 7.83 million shares as of 2024-06-30. The firm’s total holdings are worth over $289.76 million and represent 13.2988% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Health Care Fund and Vanguard Total Stock Market Index Fund . As of Jul 31, 2024 , the former fund manager holds about 5.74% shares in the company for having 3.81 shares of worth $115.3 million while later fund manager owns 2.02 shares of worth $61.17 million as of Jun 30, 2024 , which makes it owner of about 3.05% of company’s outstanding stock.
