Set Your Sights On Citius Pharmaceuticals Inc (NASDAQ: CTXR)’S Upside Potential

Citius Pharmaceuticals Inc (CTXR) concluded trading on Thursday at a closing price of $0.81, with 6.32 million shares of worth about $5.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.73% during that period and on April 18, 2024 the price saw a loss of about -1.31%. Currently the company’s common shares owned by public are about 158.86M shares, out of which, 146.79M shares are available for trading.

Stock saw a price change of -3.32% in past 5 days and over the past one month there was a price change of 8.43%. Year-to-date (YTD), CTXR shares are showing a performance of 6.48% which decreased to -51.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.60 but also hit the highest price of $1.70 during that period. The average intraday trading volume for Citius Pharmaceuticals Inc shares is 751.18K. The stock is currently trading -6.40% below its 20-day simple moving average (SMA20), while that difference is up 2.92% for SMA50 and it goes to -1.65% lower than SMA200.

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Citius Pharmaceuticals Inc (NASDAQ: CTXR) currently have 158.86M outstanding shares and institutions hold larger chunk of about 16.96% of that.

The stock has a current market capitalization of $128.15M and its 3Y-monthly beta is at 1.52. It has posted earnings per share of -$0.26 in the same period. It has Quick Ratio of 5.06 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTXR, volatility over the week remained 12.90% while standing at 11.19% over the month.

Analysts are in expectations that Citius Pharmaceuticals Inc (CTXR) stock would likely to be making an EPS of $Charles & Colvard Ltd. in the current quarter, while forecast for next quarter EPS is $0.34 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $ClearBridge MLP and Midstream T which is $WEST TEXAS RESOURCES INC at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $CTXS in the same quarter a year ago.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Maxim Group on November 30, 2021 offering a Buy rating for the stock and assigned a target price of $4 to it.

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