Cellectar Biosciences, Inc. (NASDAQ:CLRB) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -0.5% to the previous day’s close as weak demand from buyers trailed the stock to $2.01.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Actively observing the price movement in the last trading, the stock closed the session at $2.02, falling within a range of $1.9600 and $2.0900. The value of beta (5-year monthly) was 1.59 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $3.33, and the low was $1.01. On the whole, CLRB has fluctuated by -8.22% over the past month.

With the market capitalization of Cellectar Biosciences, Inc. currently standing at about $55.96 Million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 08, 2021- Mar 12, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.15, which is expected to increase to -$1.84 for fiscal year 2021 and then to about -$0.52 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.55% in 2021, while the next year’s EPS growth is forecast to be -0.37%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that CLRB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

5 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 5 recommend it as a Buy and no body called the CLRB stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CLRB currently trading nearly -5.7% and 17.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.04, while the 7-day volatility ratio is showing 7.2% which for the 30-day chart, stands at 10.04%. Furthermore, Cellectar Biosciences, Inc. (CLRB)’s beta value is 1.59, and its average true range (ATR) is 0.23. The company’s stock has been forecasted to trade at an average price of $5.98 over the course of the next 52 weeks, with a low of $3 and a high of $10. Based on these price targets, the low is 49.25 off current price, whereas the price has to move +397.51% to reach the yearly target high. Additionally, analysts’ median price of $5.5 is likely to be welcomed by investors because it represents an increase of +173.63% from the current levels.

A comparison of Cellectar Biosciences, Inc. (CLRB) with its peers suggests the former has fared considerably weaker in the market. CLRB showed an intraday change of -0.5% in last session, and over the past year, it dropped by -19.92%. In comparison, Abbott Laboratories (ABT) has moved higher at +3.04% on the day and was up +30.8% over the past 12 months. On the other hand, the price of Medtronic Inc (MDT) has risen 1.22% on the day. The stock, however, is off 1.44% from where it was a year ago. Additionally, there is a decline of -50% for Stryker Corp (SYK) in last trading while the stock has seen an overall depriciation of -19.92% over the past year. The PE ratio stands at 0 for Cellectar Biosciences, Inc., compared to 59.65 for Abbott Laboratories, and 45.77 for Medtronic Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.

Data on historical trading for Cellectar Biosciences, Inc. (NASDAQ:CLRB) indicates that the trading volumes over the past 10 days have averaged 1.84 Million and over the past 3 months, they’ve averaged 1.85 Million. According to company’s latest data on outstanding shares, there are 27.26 Million shares outstanding.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Nearly 13.66% of Cellectar Biosciences, Inc.’s shares belong to company insiders and institutional investors own 24.14% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 2.53 Million shares as on December 30, 2020, resulting in a short ratio of 0.6. According to the data, the short interest in Cellectar Biosciences, Inc. (CLRB) stood at 5.57% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 1.01 Million. The stock has fallen by -3.37% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the CLRB stock heading into the next quarter.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on..

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free


Please enter your comment!
Please enter your name here