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CytomX Therapeutics Inc (CTMX) Stock Could Soon Reward Patient Investors

CytomX Therapeutics Inc (NASDAQ: CTMX) is -41.29% lower on its value in year-to-date trading and has touched a low of $0.98 and a high of $5.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CTMX stock was last observed hovering at around $1.00 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $0.91, the stock is -11.61% and -18.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -9.00% at the moment leaves the stock -43.22% off its SMA200. CTMX registered -29.46% loss for a year compared to 6-month loss of -51.85%. The firm has a 50-day simple moving average (SMA 50) of $1.1208 and a 200-day simple moving average (SMA200) of $1.6026.

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The stock witnessed a -21.55% gain in the last 1 month and extending the period to 3 months gives it a -26.02%, and is -16.51% down 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 8.00% over the week and 5.92% over the month.

CytomX Therapeutics Inc (CTMX) has around 122 employees, a market worth around $64.81M and $126.62M in sales. Current P/E ratio is 5.36. Profit margin for the company is 10.92%. Distance from 52-week low is -6.96% and -84.44% from its 52-week high.

with sales reaching $13.53M over the same period.The EPS is expected to shrink by -881.57% this year, but quarterly earnings will post 12.12% year-over-year. Quarterly sales are estimated to shrink -49.14% in year-over-year returns.

CytomX Therapeutics Inc (CTMX) Top Institutional Holders

80.0 institutions hold shares in CytomX Therapeutics Inc (CTMX), with institutional investors hold 65.86% of the company’s shares. The shares outstanding are 78.26M, and float is at 76.93M with Short Float at 7.37%. Institutions hold 65.20% of the Float.

The top institutional shareholder in the company is TANG CAPITAL MANAGEMENT LLC with over 7.79 million shares valued at $9.51 million. The investor’s holdings represent 9.4989% of the CTMX Shares outstanding. As of 2024-06-30, the second largest holder is JANUS HENDERSON GROUP PLC with 6.3 million shares valued at $7.72 million to account for 7.6826 of the shares outstanding. The other top investors are BVF INC/IL which holds 5.23 million shares representing 6.3739% and valued at over $6.38 million, while VANGUARD GROUP INC holds 5.9641 of the shares totaling 4.89 million with a market value of $5.97 million.

CytomX Therapeutics Inc (CTMX) Insider Activity

The most recent transaction is an insider sale by Landau Jeffrey B, the company’s Chief Business Officer. SEC filings show that Landau Jeffrey B sold 4,181 shares of the company’s common stock on Aug 20 ’24 at a price of $1.23 per share for a total of $5139.0. Following the sale, the insider now owns 0.12 million shares.

CytomX Therapeutics Inc disclosed in a document filed with the SEC on Aug 20 ’24 that BELVIN MARCIA (SVP, Chief Scientific Officer) sold a total of 4,181 shares of the company’s common stock. The trade occurred on Aug 20 ’24 and was made at $1.23 per share for $5139.0. Following the transaction, the insider now directly holds 0.18 million shares of the CTMX stock.

Still, SEC filings show that on Aug 20 ’24, ROWLAND LLOYD A (General Counsel) disposed off 4,181 shares at an average price of $1.23 for $5139.0. The insider now directly holds 130,797 shares of CytomX Therapeutics Inc (CTMX).

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