CytomX Therapeutics Inc [CTMX] stock prices are up 0.78% to $1.30 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CTMX shares have gain 6.56% over the last week, with a monthly amount drifted -22.16%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CytomX Therapeutics Inc [NASDAQ: CTMX] stock has seen the most recent analyst activity on May 28, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $3.50 from $2.25. Previously, Wedbush upgraded its rating to Outperform on May 09, 2024, and kept the price target unchanged to $8. On May 06, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $8 on the stock. JP Morgan upgraded its rating to a Neutral. BMO Capital Markets downgraded its rating to a Market Perform and reduced its price target to $2.60 on November 14, 2022. Wedbush downgraded its rating to Neutral for this stock on July 07, 2022, and downed its price target to $2. In a note dated July 07, 2022, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $10 to $1.50.
The stock price of CytomX Therapeutics Inc [CTMX] has been fluctuating between $1.04 and $5.85 over the past year. Currently, Wall Street analysts expect the stock to reach $5.77 within the next 12 months. CytomX Therapeutics Inc [NASDAQ: CTMX] shares were valued at $1.30 at the most recent close of the market. An investor can expect a potential return of 343.85% based on the average CTMX price forecast.
Analyzing the CTMX fundamentals
The CytomX Therapeutics Inc [NASDAQ:CTMX] reported sales of 119.18M for trailing twelve months, representing a surge of 76.45%. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is -0.31 and Total Capital is 0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.41.
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 1.2633 points at the first support level, and at 1.2267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3633, and for the 2nd resistance point, it is at 1.4267.
Ratios To Look Out For
It’s worth pointing out that CytomX Therapeutics Inc [NASDAQ:CTMX]’s Current Ratio is 1.16. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 0.85 and price to earnings (TTM) ratio is 6.50.
Transactions by insiders
Recent insider trading involved McCarthy Sean A., CEO, that happened on Mar 19 ’24 when 20223.0 shares were sold. SVP, Chief Scientific Officer, BELVIN MARCIA completed a deal on Mar 19 ’24 to sell 12795.0 shares. Meanwhile, Chief Business Officer Landau Jeffrey B sold 6562.0 shares on Mar 19 ’24.
