Cellectar Biosciences Inc (NASDAQ: CLRB) is 39.71% higher on its value in year-to-date trading and has touched a low of $1.30 and a high of $4.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CLRB stock was last observed hovering at around $4.05 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $3.87, the stock is 1.35% and 5.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -4.44% at the moment leaves the stock 49.57% off its SMA200. CLRB registered 151.30% gain for a year compared to 6-month gain of 54.18%. The firm has a 200-day simple moving average (SMA200) of -$0.91.
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The stock witnessed a 15.87% loss in the last 1 month and extending the period to 3 months gives it a 46.59%, and is 15.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.50% over the week and 7.21% over the month.
Cellectar Biosciences Inc (CLRB) has around 15 employees, a market worth around $47.56M and $0.00M in sales. Distance from 52-week low is 197.69% and -13.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-743.12%).
Cellectar Biosciences Inc quarterly earnings per share for the current quarter are estimated at -$1.The EPS is expected to grow by 33.91% this year.
Cellectar Biosciences Inc (CLRB) Top Institutional Holders
28 institutions hold shares in Cellectar Biosciences Inc (CLRB), with institutional investors hold 33.55% of the company’s shares. The shares outstanding are 12.29M, and float is at 11.13M with Short Float at 18.05%. Institutions hold 32.28% of the Float.
The top institutional shareholder in the company is AIGH Capital Management LLC with over 0.81 million shares valued at $1.59 million. The investor’s holdings represent 8.18% of the CLRB Shares outstanding. As of Jun 29, 2023, the second largest holder is Worth Venture Partners, Llc with 0.31 million shares valued at $0.61 million to account for 3.15% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 0.17 million shares representing 1.73% and valued at over $0.34 million, while Renaissance Technologies, LLC holds 0.64% of the shares totaling 63990.0 with a market value of $0.12 million.
