The stock of Cellectar Biosciences Inc (CLRB) has gone down by -24.39% for the week, with a -23.32% drop in the past month and a -24.39% drop in the past quarter. The volatility ratio for the week is 8.84%, and the volatility levels for the past 30 days are 5.31% for CLRB. The simple moving average for the past 20 days is -19.82% for CLRB’s stock, with a -41.46% simple moving average for the past 200 days.
Is It Worth Investing in Cellectar Biosciences Inc (NASDAQ: CLRB) Right Now?
Company’s 36-month beta value is 0.95.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CLRB is 39.34M, and currently, short sellers hold a 4.67% ratio of that floaft. The average trading volume of CLRB on November 19, 2024 was 269.39K shares.
CLRB) stock’s latest price update
The stock price of Cellectar Biosciences Inc (NASDAQ: CLRB) has plunged by -8.59 when compared to previous closing price of 1.77, but the company has seen a -24.39% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-18 that Cellectar Biosciences, Inc. (NASDAQ:CLRB ) Q3 2024 Earnings Conference Call November 18, 2024 8:30 AM ET Company Participants Anne Marie Fields – Managing Director, Precision AQ Jim Caruso – President & CEO Chad Kolean – CFO Andrei Shustov – SVP, Medical Shane Lea – Chief Commercial Officer Jarrod Longcor – COO Conference Call Participants Jeff Jones – Oppenheimer Operator Ladies and gentlemen, thank you for standing by. And welcome at this time, all participants are in listen only mode.
Analysts’ Opinion of CLRB
ROTH Capital, on the other hand, stated in their research note that they expect to see CLRB reach a price target of $10. The rating they have provided for CLRB stocks is “Buy” according to the report published on January 21st, 2020.
CLRB Trading at -21.36% from the 50-Day Moving Average
After a stumble in the market that brought CLRB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.64% of loss for the given period.
Volatility was left at 5.31%, however, over the last 30 days, the volatility rate increased by 8.84%, as shares sank -22.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.65% lower at present.
During the last 5 trading sessions, CLRB fell by -23.37%, which changed the moving average for the period of 200-days by -52.05% in comparison to the 20-day moving average, which settled at $2.0190. In addition, Cellectar Biosciences Inc saw -41.59% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CLRB
Current profitability levels for the company are sitting at:
- -144.28 for the present operating margin
- 0.15 for the gross margin
The net margin for Cellectar Biosciences Inc stands at -132.22. The total capital return value is set at -3.35. Equity return is now at value -474.63, with -170.31 for asset returns.
Based on Cellectar Biosciences Inc (CLRB), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -583.94. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -384.3.
Currently, EBITDA for the company is -38.77 million with net debt to EBITDA at 0.53. When we switch over and look at the enterprise to sales, we see a ratio of 118.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
In a nutshell, Cellectar Biosciences Inc (CLRB) 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.
