Things To Consider When Buying Champions Oncology Inc (NASDAQ:CSBR) Shares

Champions Oncology Inc (NASDAQ:CSBR) price on current trading day, rose 20.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.90.

A look at the stock’s price movement, the level at last check in today’s session was $4.07, moving within a range at $4.7 and $5.23. Turning to its 52-week performance, $7.13 and $3.60 were the 52-week high and 52-week low respectively. Overall, CSBR moved 5.87% over the past month.

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Champions Oncology Inc’s market cap currently stands at around $66.59 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Dec-10.

Analysts have a consensus estimate of 13.32M for the company’s revenue for the quarter, with a low and high estimate of 13.32M and 13.32M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 53.67M, representing a 7.00% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that CSBR is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

CSBR’s current price about 12.08% and 4.41% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.08, while 7-day volatility ratio is 11.12% and 6.16% in the 30-day chart. Further, Champions Oncology Inc (CSBR) has a beta value of 0.46, and an average true range (ATR) of 0.38.

If we refocus on Champions Oncology Inc (NASDAQ:CSBR), historical trading data shows that trading volumes averaged 22730.0 over the past 10 days and 7.06K over the past 3 months. The company’s latest data on shares outstanding shows there are 13.56 million shares.

The 55.98% of Champions Oncology Inc’s shares are in the hands of company insiders while institutional holders own 20.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 48428.0 on 2024-08-15, giving us a short ratio of 12.51. The data shows that as of 2024-08-15 short interest in Champions Oncology Inc (CSBR) stood at 69.99999799999999 of shares outstanding, with shares short falling to 49125.0 registered in 2024-07-15. Current price change has pushed the stock -12.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CSBR stock continues to rise going into the next quarter.

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