Delcath Systems Inc (NASDAQ: DCTH) is 158.89% higher on its value in year-to-date trading and has touched a low of $2.25 and a high of $10.70 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 DCTH stock was last observed hovering at around $10.64 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $10.77, the stock is 31.81% and 31.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.6 million and changing 1.22% at the moment leaves the stock 93.71% off its SMA200. DCTH registered 120.70% gain for a year compared to 6-month gain of 158.27%.
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The stock witnessed a 24.94% loss in the last 1 month and extending the period to 3 months gives it a 59.32%, and is 36.85% 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 11.20% over the week and 7.49% over the month.
Delcath Systems Inc (DCTH) has around 76 employees, a market worth around $301.56M and $11.88M in sales. Profit margin for the company is -474.22%. Distance from 52-week low is 378.67% and 0.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-1087.20%).
Delcath Systems Inc quarterly earnings per share for the current quarter are estimated at -0.22 with sales reaching $9.59M over the same period.The EPS is expected to grow by 54.48% this year, but quarterly earnings will post 1,487.40% year-over-year. Quarterly sales are estimated to grow 2,109.70% in year-over-year returns.
60.0 institutions hold shares in Delcath Systems Inc (DCTH), with institutional investors hold 38.56% of the company’s shares. The shares outstanding are 28.00M, and float is at 23.71M with Short Float at 6.18%. Institutions hold 37.51% of the Float.
The top institutional shareholder in the company is ROSALIND ADVISORS, INC. with over 2.65 million shares valued at $15.53 million. The investor’s holdings represent 10.6496 of the DCTH Shares outstanding. As of 2024-06-30, the second largest holder is AIGH CAPITAL MANAGEMENT LLC with 2.4 million shares valued at $20.09 million to account for 9.6427 of the shares outstanding. The other top investors are VIVO CAPITAL, LLC which holds 1.67 million shares representing 6.6972 and valued at over $13.95 million, while VANGUARD GROUP INC holds 4.0036 of the shares totaling 1.0 million with a market value of $8.34 million.
Delcath Systems Inc (DCTH) Insider Activity
The most recent transaction is an insider purchase by Aharon Gil, the company’s Director. SEC filings show that Aharon Gil bought 26,882 shares of the company’s common stock on Mar 19 ’24 at a price of $3.72 per share for a total of $0.1 million. Following the purchase, the insider now owns 1.07 million shares.
Delcath Systems Inc disclosed in a document filed with the SEC on Mar 19 ’24 that SALAMON STEVEN A J (Director) bought a total of 26,882 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $3.72 per share for $0.1 million. Following the transaction, the insider now directly holds 1.12 million shares of the DCTH stock.
Still, SEC filings show that on Dec 12 ’23, Vukovic Vojo (Chief Medical Officer) acquired 40,000 shares at an average price of $3.00 for $0.12 million. The insider now directly holds 100,000 shares of Delcath Systems Inc (DCTH).
