Cellectar Biosciences Inc (NASDAQ: CLRB) on Tuesday, plunged -31.65% from the previous trading day, before settling in for the closing price of $7.11. Within the past 52 weeks, CLRB’s price has moved between $6.50 and $94.50.
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A company in the Healthcare sector has jumped its sales by 40.27% annually for the last half of the decade. The company achieved an average annual earnings per share of 58.04%. With a float of $1.78 million, this company’s outstanding shares have now reached $1.81 million.
In an organization with 11 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
Cellectar Biosciences Inc (CLRB) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Cellectar Biosciences Inc is 1.67%, while institutional ownership is 9.68%. The most recent insider transaction that took place on Jan 10 ’25, was worth 8,400. In this transaction Chief Operating Officer of this company bought 30,000 shares at a rate of $0.28, taking the stock ownership to the 83,141 shares.
Cellectar Biosciences Inc (CLRB) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 58.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 31.04% during the next five years compared to 40.27% growth over the previous five years of trading.
Cellectar Biosciences Inc (NASDAQ: CLRB) Trading Performance Indicators
Cellectar Biosciences Inc (CLRB) is currently performing well based on its current performance indicators. A quick ratio of 2.47 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -22.45, a number that is poised to hit -3.72 in the next quarter and is forecasted to reach -13.08 in one year’s time.
Technical Analysis of Cellectar Biosciences Inc (CLRB)
Let’s dig in a bit further. During the last 5-days, its volume was 0.34 million. That was better than the volume of 0.25 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.17%.
During the past 100 days, Cellectar Biosciences Inc’s (CLRB) raw stochastic average was set at 3.08%, which indicates a significant decrease from 5.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 212.52% in the past 14 days, which was higher than the 142.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.78, while its 200-day Moving Average is $24.25. However, in the short run, Cellectar Biosciences Inc’s stock first resistance to watch stands at $5.39. Second resistance stands at $5.91. The third major resistance level sits at $6.43. If the price goes on to break the first support level at $4.35, it is likely to go to the next support level at $3.83. The third support level lies at $3.31 if the price breaches the second support level.
Cellectar Biosciences Inc (NASDAQ: CLRB) Key Stats
Market capitalization of the company is 8.80 million based on 1,810K outstanding shares. Right now, sales total 0 K and income totals -44,580 K. The company made 0 K in profit during its latest quarter, and -6,600 K in sales during its previous quarter.
