In the last trading session, 1.03 million shares of the Celldex Therapeutics Inc (NASDAQ:CLDX) were traded, and its beta was 1.57. Most recently the company’s share price was $24.98, and it changed around $1.67 or 7.16% from the last close, which brings the market valuation of the company to $1.66B. CLDX currently trades at a discount to its 52-week high of $53.18, offering almost -112.89% off that amount. The share price’s 52-week low was $22.93, which indicates that the current value has risen by an impressive 8.21% since then. We note from Celldex Therapeutics Inc’s average daily trading volume that its 10-day average is 1.12 million shares, with the 3-month average coming to 1.09 million.
Celldex Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended CLDX as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Celldex Therapeutics Inc is expected to report earnings per share of -0.72 for the current quarter.
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Celldex Therapeutics Inc (NASDAQ:CLDX) trade information
Instantly CLDX has showed a green trend with a performance of 7.16% 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 28.15 on recent trading dayincreased the stock’s daily price by 11.26%. The company’s shares are currently down -37.01% year-to-date, but still down -7.52% over the last five days. On the other hand, Celldex Therapeutics Inc (NASDAQ:CLDX) is -12.93% down in the 30-day period. We can see from the shorts that 8.24 million shares have been sold at a short interest cover period of 9.03 day(s).
The consensus price target as assigned by Wall Street analysts is $60.5, which translates to bulls needing to increase their stock price by 58.71% from its current value. Analyst projections state that CLDX is forecast to be at a low of $44 and a high of $80.
Celldex Therapeutics Inc (CLDX) estimates and forecasts
Celldex Therapeutics Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -33.69 percent over the past six months and at a 7.89% annual growth rate that is well below the industry average of 17.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -21.44% in revenue this quarter, and will report a decrease of -41.07% in the next quarter. The year-over-year growth rate is expected to be 0.88%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 1.31M in revenue for the current quarter. 3 analysts expect Celldex Therapeutics Inc to make 433.33k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.13M and 156k respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -68.37%. Forecasts for the next quarter put sales growth at 177.78%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.41%.
CLDX Dividends
Celldex Therapeutics Inc’s next quarterly earnings report is expected to be released in December.
Celldex Therapeutics Inc (NASDAQ:CLDX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.32% of Celldex Therapeutics Inc shares, and 110.12% of them are in the hands of institutional investors. The stock currently has a share float of 110.46%. Celldex Therapeutics Inc stock is held by 259.0 institutions, with WELLINGTON MANAGEMENT GROUP LLP being the largest institutional investor. By 2024-06-30, it held 13.718% of the shares, which is about 8.08 million shares worth $298.89 million.
FMR LLC, with 13.2988% or 7.83 million shares worth $289.76 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Specialized-Health Care Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jul 31, 2024 . The former held 3.81 shares worth $95.12 million, making up 5.74% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.02 shares worth around $50.46 million, which represents about 3.04% of the total shares outstanding.
