Additionally, the 36-month beta value for CMMB is 0.66. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CMMB is 16.57M and currently, short sellers hold a 0.67% ratio of that float. The average trading volume of CMMB on December 27, 2024 was 118.23K shares.
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CMMB) stock’s latest price update
The stock price of Chemomab Therapeutics Ltd ADR (NASDAQ: CMMB) has jumped by 16.16 compared to previous close of 1.71. Despite this, the company has seen a gain of 25.16% in its stock price over the last five trading days. globenewswire.com reported 2024-12-03 that —Movers in Rare Disease Summit Will Include Elevator Pitches from Rare Disease Companies with “Key, Near-Term, Potentially Stock-Moving Catalysts”— TEL AVIV, Israel, Dec. 03, 2024 (GLOBE NEWSWIRE) — Chemomab Therapeutics Ltd. (Nasdaq: CMMB) (Chemomab), a clinical stage biotechnology company developing innovative therapeutics for fibro-inflammatory diseases with high unmet need, today announced that it will participate in Oppenheimer’s Movers in Rare Disease Summit on Thursday, December 12, 2024, at the Westin Grand Central in New York City.
CMMB’s Market Performance
CMMB’s stock has risen by 25.16% in the past week, with a monthly rise of 22.09% and a quarterly rise of 26.75%. The volatility ratio for the week is 8.88% while the volatility levels for the last 30 days are 8.03% for Chemomab Therapeutics Ltd ADR The simple moving average for the past 20 days is 16.68% for CMMB’s stock, with a 59.97% simple moving average for the past 200 days.
Analysts’ Opinion of CMMB
Many brokerage firms have already submitted their reports for CMMB stocks, with Maxim Group repeating the rating for CMMB by listing it as a “Buy.” The predicted price for CMMB in the upcoming period, according to Maxim Group is $4 based on the research report published on May 13, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see CMMB reach a price target of $6. The rating they have provided for CMMB stocks is “Outperform” according to the report published on May 06th, 2024.
ROTH MKM gave a rating of “Buy” to CMMB, setting the target price at $7 in the report published on December 19th of the previous year.
CMMB Trading at 23.97% from the 50-Day Moving Average
After a stumble in the market that brought CMMB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.96% of loss for the given period.
Volatility was left at 8.03%, however, over the last 30 days, the volatility rate increased by 8.88%, as shares surge +25.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.91% upper at present.
During the last 5 trading sessions, CMMB rose by +25.16%, which changed the moving average for the period of 200-days by +131.40% in comparison to the 20-day moving average, which settled at $1.7056. In addition, Chemomab Therapeutics Ltd ADR saw 290.20% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMMB starting from OrbiMed Israel Partners Limite, who proposed sale 500,000 shares at the price of $2.03 back on Sep 12 ’24. After this action, OrbiMed Israel Partners Limite now owns shares of Chemomab Therapeutics Ltd ADR, valued at $1,015,000 using the latest closing price.
Stock Fundamentals for CMMB
The total capital return value is set at -0.93. Equity return is now at value -84.26, with -65.33 for asset returns.
Currently, EBITDA for the company is -25.39 million with net debt to EBITDA at 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.57.
Conclusion
In conclusion, Chemomab Therapeutics Ltd ADR (CMMB) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
