Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP) on January 24, 2023, started off the session at the price of $0.141. During the day, the shares moved up to $0.1425 and dropped to $0.136 before settling in for the closing price of $0.14. Within the past 52 weeks, CRBP’s price has moved between $0.10 and $0.62.
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During the last 5-year period, the sales drop of Healthcare Sector giant was -14.30%. The company achieved an average annual earnings per share of 73.90%. With a float of $124.68 million, this company’s outstanding shares have now reached $125.27 million.
Let’s determine the extent of company efficiency that accounts for 41 employees. In terms of profitability, gross margin is -85.92, operating margin of -6350.09, and the pretax margin is -6628.12.
Corbus Pharmaceuticals Holdings Inc. (CRBP) Insider Activity
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Corbus Pharmaceuticals Holdings Inc. is 0.30%, while institutional ownership is 19.00%. The most recent insider transaction that took place on Aug 10, was worth 1,272. In this transaction Chief Operating Officer of this company bought 5,000 shares at a rate of $0.25, taking the stock ownership to the 27,000 shares. Before that another transaction happened on Aug 10, when Company’s Chief Financial Officer bought 20,000 for $0.26, making the entire transaction worth $5,198. This insider now owns 199,272 shares in total.
Corbus Pharmaceuticals Holdings Inc. (CRBP) Earnings and Forecasts
As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.11 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.06) by -$0.05. This company achieved a net margin of -5176.38 while generating a return on equity of -79.80. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 73.90% per share during the next fiscal year.
Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP) Trading Performance Indicators
Corbus Pharmaceuticals Holdings Inc. (CRBP) is currently performing well based on its current performance indicators. A quick ratio of 3.90 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.33, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.28 in one year’s time.
Technical Analysis of Corbus Pharmaceuticals Holdings Inc. (CRBP)
Looking closely at Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP), its last 5-days average volume was 1.05 million, which is a drop from its year-to-date volume of 1.46 million. As of the previous 9 days, the stock’s Stochastic %D was 58.85%. Additionally, its Average True Range was 0.01.
During the past 100 days, Corbus Pharmaceuticals Holdings Inc.’s (CRBP) raw stochastic average was set at 31.65%, which indicates a significant decrease from 70.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.08% in the past 14 days, which was lower than the 132.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1279, while its 200-day Moving Average is $0.2159. However, in the short run, Corbus Pharmaceuticals Holdings Inc.’s stock first resistance to watch stands at $0.1430. Second resistance stands at $0.1460. The third major resistance level sits at $0.1495. If the price goes on to break the first support level at $0.1365, it is likely to go to the next support level at $0.1330. Should the price break the second support level, the third support level stands at $0.1300.
Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP) Key Stats
Market capitalization of the company is 17.50 million based on 125,281K outstanding shares. Right now, sales total 880 K and income totals -45,640 K. The company made 0 K in profit during its latest quarter, and -8,782 K in sales during its previous quarter.