Celularity Inc (NASDAQ: CELU) Shares Could Drop Up To -143.9%

IPW

In the last trading session, 4.62 million shares of the Celularity Inc (NASDAQ:CELU) were traded, and its beta was 0.63. Most recently the company’s share price was $2.46, and it changed around $0.21 or 9.33% from the last close, which brings the market valuation of the company to $59.13M. CELU currently trades at a discount to its 52-week high of $7.97, offering almost -223.98% off that amount. The share price’s 52-week low was $1.30, which indicates that the current value has risen by an impressive 47.15% since then. We note from Celularity Inc’s average daily trading volume that its 10-day average is 6.22 million shares, with the 3-month average coming to 907.12K.

Celularity Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended CELU as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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Celularity Inc (NASDAQ:CELU) trade information

Instantly CELU has showed a green trend with a performance of 9.33% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.34 on recent trading dayincreased the stock’s daily price by 43.32%. The company’s shares are currently down -0.57% year-to-date, but still down -30.70% over the last five days. On the other hand, Celularity Inc (NASDAQ:CELU) is -5.38% down in the 30-day period. We can see from the shorts that 0.74 million shares have been sold at a short interest cover period of 18.95 day(s).

The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 59.0% from its current value. Analyst projections state that CELU is forecast to be at a low of $6 and a high of $6.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -718.48%.

CELU Dividends

Celularity Inc’s next quarterly earnings report is expected to be released in December.

Celularity Inc (NASDAQ:CELU)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 53.41% of Celularity Inc shares, and 14.86% of them are in the hands of institutional investors. The stock currently has a share float of 31.89%.