During the last session, Cellectar Biosciences Inc (NASDAQ:CLRB)’s traded shares were 0.53 million, with the beta value of the company hitting 0.92. The 52-week high for the CLRB share is $4.45, that puts it down -181.65 from that peak though still a striking 12.66% gain since the share price plummeted to a 52-week low of $1.38. The company’s market capitalization is $65.21M, and the average intraday trading volume over the past 10 days was 0.77 million shares, and the average trade volume was 312.41K shares over the past three months.
Cellectar Biosciences Inc (CLRB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CLRB has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.27.
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Cellectar Biosciences Inc (NASDAQ:CLRB) trade information
The stock’s 5-day price performance is -15.05%, and it has moved by -24.76% in 30 days. Based on these gigs, the overall price performance for the year is -28.18%. The short interest in Cellectar Biosciences Inc (NASDAQ:CLRB) is 1.84 million shares and it means that shorts have 8.34 day(s) to cover.
The consensus price target of analysts on Wall Street is $12, which implies an increase of 86.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $12 respectively. As a result, CLRB is trading at a discount of -659.49% off the target high and -659.49% off the low.
Cellectar Biosciences Inc (CLRB) estimates and forecasts
Statistics show that Cellectar Biosciences Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cellectar Biosciences Inc (CLRB) shares have gone down -49.20% during the last six months, with a year-to-date growth rate more than the industry average at 55.87% against 11.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 31.67% this quarter and then jump 60.81% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 41.77%. While earnings are projected to return 51.88% in 2024.
CLRB Dividends
Cellectar Biosciences Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cellectar Biosciences Inc (NASDAQ:CLRB)’s Major holders
Cellectar Biosciences Inc insiders own 2.84% of total outstanding shares while institutional holders control 34.55%, with the float percentage being 35.56%.
Also, the Mutual Funds coming in first place with the largest holdings of Cellectar Biosciences Inc (CLRB) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 909.7 shares. This amounts to just over 2.20 percent of the company’s overall shares, with a $1.44 million market value. The same data shows that the other fund manager holds slightly less at 568.75, or about 1.38% of the stock, which is worth about $0.9 million.
