Corbus Pharmaceuticals Holdings Inc. (CRBP) can make a big difference with a little luck

Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP) stock jumped 0.07% on Friday to $0.14 against a previous-day closing price of $0.14. With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.85 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.1450 whereas the lowest price it dropped to was $0.1356. The 52-week range on CRBP shows that it touched its highest point at $0.62 and its lowest point at $0.10 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 2.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRBP was up-trending over the past week, with a rise of 0.94%, but this was up by 21.53% over a month. Three-month performance surged to 25.00% while six-month performance fell -52.36%. The stock lost -72.44% in the past year, while it has gained 26.70% so far this year. A look at the trailing 12-month EPS for CRBP yields -0.33 with Next year EPS estimates of -0.28. For the next quarter, that number is -0.07. This implies an EPS growth rate of 73.90% for this year and 9.70% for next year.

Float and Shares Shorts:

At present, 125.27 million CRBP shares are outstanding with a float of 124.68 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.9 million, which was 3.12% higher than short shares on Sep 14, 2022. In addition to Dr. Yuval Cohen Ph.D. as the firm’s CEO & Director, Mr. Sean F. Moran CPA, M.B.A., CPA, MBA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 24.67% of CRBP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.83% of CRBP, in contrast to 4.70% held by mutual funds. Shares owned by individuals account for 13.96%. As the largest shareholder in CRBP with 4.03% of the stake, Knoll Capital Management LP holds 5,045,870 shares worth 5,045,870. A second-largest stockholder of CRBP, ETF Managers Group LLC, holds 4,710,319 shares, controlling over 3.76% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CRBP, holding 3,998,482 shares or 3.19% stake. With a 1.75% stake in CRBP, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,188,069 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.36% of CRBP stock, is the second-largest Mutual Fund holder. It holds 1,699,791 shares valued at 0.19 million. Fidelity Extended Market Index Fu holds 0.45% of the stake in CRBP, owning 566,856 shares worth 62921.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRBP since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRBP analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, CRBP could surge 2042.86% to reach the target high and rise by 2042.86% to reach the target low. Reaching the average price target will result in a growth of 2042.86% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CRBP will report FY 2022 earnings on 03/05/2024. Analysts have provided yearly estimates in a range of -$0.31 being high and -$0.32 being low. For CRBP, this leads to a yearly average estimate of -$0.32. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Corbus Pharmaceuticals Holdings Inc. surprised analysts by -$0.01 when it reported -$0.07 EPS against a consensus estimate of -$0.06. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.

Summary of Insider Activity:

Insiders traded CRBP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 62,400 while 0 shares were sold.

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