Is There More Upside Ahead For Cellectar Biosciences Inc (NASDAQ: CLRB)

Cellectar Biosciences Inc (CLRB) concluded trading on Thursday at a closing price of $2.33, with 2.36 million shares of worth about $5.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.73% during that period and on June 27, 2024 the price saw a loss of about -19.38%. Currently the company’s common shares owned by public are about 35.85M shares, out of which, 34.69M shares are available for trading.

Stock saw a price change of -16.79% in past 5 days and over the past one month there was a price change of -21.28%. Year-to-date (YTD), CLRB shares are showing a performance of -15.88% which increased to 26.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.56 but also hit the highest price of $4.45 during that period. The average intraday trading volume for Cellectar Biosciences Inc shares is 674.14K. The stock is currently trading -23.03% below its 20-day simple moving average (SMA20), while that difference is down -25.20% for SMA50 and it goes to -23.32% lower than SMA200.

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Cellectar Biosciences Inc (NASDAQ: CLRB) currently have 35.85M outstanding shares and institutions hold larger chunk of about 25.47% of that.

The stock has a current market capitalization of $83.53M and its 3Y-monthly beta is at 1.00. It has posted earnings per share of -$3.08 in the same period. It has Quick Ratio of 2.54 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLRB, volatility over the week remained 9.35% while standing at 6.76% over the month.

Stock’s fiscal year EPS is expected to rise by 53.46% while it is estimated to increase by 61.14% in next year.

Coverage by ROTH Capital stated Cellectar Biosciences Inc (CLRB) stock as a Buy in their note to investors on January 21, 2020, suggesting a price target of $10 for the stock. On September 13, 2019, ROTH Capital Initiated their recommendations, while on December 21, 2016, Ladenburg Thalmann Initiated their ratings for the stock with a price target of $2.70.

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