The Impact of Market Fluctuations on Celldex Therapeutics Inc.’s (CLDX) Stock

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The stock of Celldex Therapeutics Inc. (CLDX) has gone down by -6.61% for the week, with a -20.98% drop in the past month and a -29.52% drop in the past quarter. The volatility ratio for the week is 5.34%, and the volatility levels for the past 30 days are 4.88% for CLDX.. The simple moving average for the past 20 days is -8.35% for CLDX’s stock, with a -29.10% simple moving average for the past 200 days.

Is It Worth Investing in Celldex Therapeutics Inc. (NASDAQ: CLDX) Right Now?

Company’s 36-month beta value is 1.55.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”

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The public float for CLDX is 64.10M, and currently, short sellers hold a 13.10% ratio of that floaft. The average trading volume of CLDX on October 30, 2024 was 1.01M shares.

CLDX) stock’s latest price update

Celldex Therapeutics Inc. (NASDAQ: CLDX) has experienced a decline in its stock price by -3.97 compared to its previous closing price of 27.97. However, the company has seen a fall of -6.61% in its stock price over the last five trading days. globenewswire.com reported 2024-10-26 that HAMPTON, N.J., Oct. 26, 2024 (GLOBE NEWSWIRE) — Celldex Therapeutics, Inc. (NASDAQ:CLDX) announced today positive results from the Company’s Phase 2 clinical trial of barzolvolimab in two of the most common forms of chronic inducible urticaria (CIndU)—cold urticaria (ColdU) and symptomatic dermographism (SD). The study includes patients who remain symptomatic despite treatment with antihistamines. Barzolvolimab is a humanized monoclonal antibody that specifically binds the receptor tyrosine kinase KIT with high specificity and potently inhibits its activity, which is required for mast cell function and survival. CIndU is characterized by the occurrence of hives or wheals that have an attributable trigger associated with them—exposure to cold temperatures in ColdU and scratching/rubbing of the skin in SD. Mast cell activation is known to be a critical driver in ColdU and SD.

Analysts’ Opinion of CLDX

Many brokerage firms have already submitted their reports for CLDX stocks, with Citigroup repeating the rating for CLDX by listing it as a “Buy.” The predicted price for CLDX in the upcoming period, according to Citigroup is $70 based on the research report published on October 07, 2024 of the current year 2024.

Goldman, on the other hand, stated in their research note that they expect to see CLDX reach a price target of $45. The rating they have provided for CLDX stocks is “Neutral” according to the report published on September 30th, 2024.

CLDX Trading at -24.09% from the 50-Day Moving Average

After a stumble in the market that brought CLDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.49% of loss for the given period.

Volatility was left at 4.88%, however, over the last 30 days, the volatility rate increased by 5.34%, as shares sank -17.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.30% lower at present.

During the last 5 trading sessions, CLDX fell by -6.61%, which changed the moving average for the period of 200-days by -36.11% in comparison to the 20-day moving average, which settled at $29.31. In addition, Celldex Therapeutics Inc. saw -32.27% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CLDX starting from Martin Samuel Bates, who sale 17,172 shares at the price of $35.42 back on Jun 14 ’24. After this action, Martin Samuel Bates now owns 28,125 shares of Celldex Therapeutics Inc., valued at $608,315 using the latest closing price.

Crowley Elizabeth, the SR. VP & CPDO of Celldex Therapeutics Inc., sale 30,000 shares at $34.87 during a trade that took place back on Jun 14 ’24, which means that Crowley Elizabeth is holding 9,074 shares at $1,045,962 based on the most recent closing price.

Stock Fundamentals for CLDX

Current profitability levels for the company are sitting at:

  • -19.67 for the present operating margin
  • 0.63 for the gross margin

The net margin for Celldex Therapeutics Inc. stands at -18.09. The total capital return value is set at -0.2. Equity return is now at value -27.53, with -26.24 for asset returns.

Based on Celldex Therapeutics Inc. (CLDX), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -50.94. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -52.51.

Currently, EBITDA for the company is -139.03 million with net debt to EBITDA at 0.25. When we switch over and look at the enterprise to sales, we see a ratio of 209.6. The receivables turnover for the company is 1.31for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 29.36.

Conclusion

In a nutshell, Celldex Therapeutics Inc. (CLDX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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