Connect Biopharma Holdings Limited (NASDAQ:CNTB) went up by 5.08% from its latest closing price compared to the recent 1-year high of $29.27. The company’s stock price has collected -62.89% of loss in the last five trading sessions. Press Release reported on 11/22/21 that Connect Biopharma Expands Executive Leadership Team with Hire of Chief Financial Officer
Is It Worth Investing in Connect Biopharma Holdings Limited (NASDAQ :CNTB) Right Now?
CNTB currently public float of 13.00M and currently shorts hold a 10.72% ratio of that float. Today, the average trading volume of CNTB was 238.82K shares.
CNTB’s Market Performance
CNTB stocks went down by -62.89% for the week, with a monthly drop of -73.06% and a quarterly performance of -77.67%. The volatility ratio for the week stands at 22.57% while the volatility levels for the past 30 days are set at 11.20% for Connect Biopharma Holdings Limited. The simple moving average for the period of the last 20 days is -65.67% for CNTB stocks with a simple moving average of -75.60% for the last 200 days.
Analysts’ Opinion of CNTB
Many brokerage firms have already submitted their reports for CNTB stocks, with SVB Leerink repeating the rating for CNTB by listing it as a “Outperform.” The predicted price for CNTB in the upcoming period, according to SVB Leerink is $32 based on the research report published on April 13th of the current year 2021.
Jefferies gave a rating of “Buy” to CNTB, setting the target price at $27 in the report published on April 13th of the current year.
CNTB Trading at -73.41% from the 50-Day Moving Average
After a stumble in the market that brought CNTB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.46% of loss for the given period.
Volatility was left at 11.20%, however, over the last 30 days, the volatility rate increased by 22.57%, as shares sank -72.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -78.67% lower at present.
During the last 5 trading sessions, CNTB fell by -62.89%, in comparison to the 20-day moving average, which settled at $12.65. In addition, Connect Biopharma Holdings Limited saw -75.39% in overturn over a single year, with a tendency to cut further losses.