Delcath Systems Inc (NASDAQ:DCTH)’s traded shares stood at 1.02 million during the last session, with the company’s beta value hitting 0.80. At the close of trading, the stock’s price was $9.39, to imply an increase of 1.73% or $0.16 in intraday trading. The DCTH share’s 52-week high remains $12.88, putting it -37.17% down since that peak but still an impressive 75.51% since price per share fell to its 52-week low of $2.30. The company has a valuation of $300.24M, with an average of 0.47 million shares in intraday trading volume over the past 10 days and average of 340.42K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Delcath Systems Inc (DCTH), translating to a mean rating of 1.00. Of 7 analyst(s) looking at the stock, 0 analyst(s) give DCTH a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
Delcath Systems Inc (NASDAQ:DCTH) trade information
After registering a 1.73% upside in the last session, Delcath Systems Inc (DCTH) has traded red over the past five days. The 5-day price performance for the stock is -15.10%, and -8.21% over 30 days. With these gigs, the year-to-date price performance is 125.72%. Short interest in Delcath Systems Inc (NASDAQ:DCTH) saw shorts transact 1.25 million shares and set a 5.26 days time to cover.
The extremes give us $22 and $22 for target low and target high price respectively. As such, DCTH has been trading -134.29% off suggested target high and -134.29% from its likely low.
Delcath Systems Inc (DCTH) estimates and forecasts
Looking at statistics comparing Delcath Systems Inc share performance against respective industry, we note that the company has outperformed competitors. Delcath Systems Inc (DCTH) shares are 24.04% up over the last 6 months, with its year-to-date growth rate higher than industry average at 37.76% against 15.10%. Revenue is forecast to grow 95.83% this quarter before jumping 72.22% for the next one. The rating firms project that company’s revenue will grow 1,571.85% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 12.42M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 13.58M.Earnings reports from the last fiscal year show that sales brought in 539k and 3.14M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2,204.21% before jumping 332.62% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 64.26% for the past 5-year period. While 2024 is set for a 71.71% return in earnings, projections for the next 5 years are at 15.00% annually.
DCTH Dividends
Delcath Systems Inc has its next earnings report out on 2025-Mar-24. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Delcath Systems Inc (NASDAQ:DCTH)’s Major holders
Delcath Systems Inc insiders hold 2.71% of total outstanding shares, with institutional holders owning 38.13% of the shares at 39.19% float percentage. In total, 38.13% institutions holds shares in the company, led by ROSALIND ADVISORS, INC.. As of 2024-06-30, the company held over 2.65 million shares (or 10.6496% of shares), all amounting to roughly $15.53 million.
The next major institution holding the largest number of shares is AIGH CAPITAL MANAGEMENT LLC with 2.4 million shares, or about 9.6427% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $20.09 million.
