Key Takeaways from Cellectar Biosciences Inc (CLRB)’s Recent Sales and Margin Figures

Cellectar Biosciences Inc [CLRB] stock is trading at $4.24, up 0.95%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CLRB shares have gain 21.49% over the last week, with a monthly amount glided 7.89%, and seem to be holding up well over a long-time horizon.

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On 4, March 2024, Cellectar Biosciences Reports High Rate of Complete Remission in Investigator Initiated Phase I Study of Iopofosine in Combination with External Beam Radiotherapy in Recurrent Head and Neck Cancer. In a post published today on Yahoo Finance, Complete Remission rate of 64% and Overall Response Rate of 73% demonstrated in highly refractory patients.

From an analyst’s perspective:

On September 13, 2019, ROTH Capital initiated with a Buy rating. Ladenburg Thalmann started tracking the stock assigning a Buy rating and suggested a price target of $2.70 on December 21, 2016.

Cellectar Biosciences Inc [CLRB] stock has fluctuated between $1.30 and $4.38 over the past year. Cellectar Biosciences Inc [NASDAQ: CLRB] shares were valued at $4.24 at the most recent close of the market.

Analyzing the CLRB fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -1.75, Equity is -16.68 and Total Capital is -6.66. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.04.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.97 points at the first support level, and at 3.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.48, and for the 2nd resistance point, it is at 4.72.

Cellectar Biosciences Inc [CLRB] reported earnings per share of -$1.28 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.21/share, meaning a difference of -$0.07 and a surprise factor of -5.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were -$1.22 per share as compared to estimates of -$1.03 per share, a difference of -$0.19 representing a surprise of -18.40%.

Ratios To Look Out For

For context, Cellectar Biosciences Inc’s Current Ratio is 1.22. In addition, the Quick Ratio stands at 1.22 and the Cash Ratio stands at 1.15.

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