CTI BioPharma Corp. (NASDAQ: CTIC) kicked off on January 24, 2023, at the price of $5.91, up 1.35% from the previous trading day. During the day, the shares moved up to $6.04 and dropped to $5.86 before settling in for the closing price of $5.92. Over the past 52 weeks, CTIC has traded in a range of $1.82-$7.80.
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While this was happening, its average annual earnings per share was recorded -47.40%. With a float of $125.93 million, this company’s outstanding shares have now reached $126.89 million.
In an organization with 121 employees, it is important to assess its efficiency.
CTI BioPharma Corp. (CTIC) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of CTI BioPharma Corp. is 0.20%, while institutional ownership is 79.30%. The most recent insider transaction that took place on Jan 03, was worth 509,224. In this transaction President and CEO of this company sold 84,683 shares at a rate of $6.01, taking the stock ownership to the 29,440 shares. Before that another transaction happened on Jan 03, when Company’s EVP, Chief Financial Officer sold 27,021 for $6.01, making the entire transaction worth $162,423. This insider now owns 17,127 shares in total.
CTI BioPharma Corp. (CTIC) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported -$0.21 earnings per share (EPS), lower than consensus estimate (set at -$0.2) by -$0.01. This company achieved a return on equity of -447.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -47.40% per share during the next fiscal year.
CTI BioPharma Corp. (NASDAQ: CTIC) Trading Performance Indicators
Take a look at CTI BioPharma Corp.’s (CTIC) current performance indicators. Last quarter, stock had a quick ratio of 3.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 22.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.09, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.02 in one year’s time.
Technical Analysis of CTI BioPharma Corp. (CTIC)
Let’s dig in a bit further. During the last 5-days, its volume was 2.77 million. That was inferior than the volume of 3.07 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.87%. Additionally, its Average True Range was 0.29.
During the past 100 days, CTI BioPharma Corp.’s (CTIC) raw stochastic average was set at 72.47%, which indicates a significant decrease from 95.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.34% in the past 14 days, which was lower than the 67.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.71, while its 200-day Moving Average is $5.63. However, in the short run, CTI BioPharma Corp.’s stock first resistance to watch stands at $6.07. Second resistance stands at $6.15. The third major resistance level sits at $6.25. If the price goes on to break the first support level at $5.89, it is likely to go to the next support level at $5.79. Assuming the price breaks the second support level, the third support level stands at $5.71.
CTI BioPharma Corp. (NASDAQ: CTIC) Key Stats
The company with the Market Capitalisation of 735.18 million has total of 126,894K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -97,910 K annual income. Company’s last quarter sales were recorded 18,240 K and last quarter income was -15,710 K.