At the time of writing, Clearside Biomedical Inc [CLSD] stock is trading at $1.32, up 14.78%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLSD shares have gain 10.92% over the last week, with a monthly amount glided 0.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clearside Biomedical Inc [NASDAQ: CLSD] stock has seen the most recent analyst activity on August 21, 2024, when Chardan Capital Markets initiated its Buy rating and assigned the stock a price target of $6. Previously, Oppenheimer started tracking the stock with Outperform rating on June 25, 2024, and set its price target to $5. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $10 on July 29, 2021. ROTH Capital initiated its recommendation with a Buy and recommended $8 as its price target on May 13, 2020. Needham downgraded its rating to Hold for this stock on August 09, 2019. In a note dated November 05, 2018, Stifel downgraded an Hold rating on this stock.
For the past year, the stock price of Clearside Biomedical Inc fluctuated between $0.65 and $2.12. Clearside Biomedical Inc [NASDAQ: CLSD] shares were valued at $1.32 at the most recent close of the market.
Analyzing the CLSD fundamentals
According to Clearside Biomedical Inc [NASDAQ:CLSD], the company’s sales were 7.52M for trailing twelve months, which represents an -91.16% plunge. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at -3.42%, Pretax Profit Margin comes in at -4.45%, and Net Profit Margin reading is -4.45%. To continue investigating profitability, this company’s Return on Assets is posted at -0.99, Equity is 1.7 and Total Capital is -0.92. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.67.
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 1.2000 points at the first support level, and at 1.0800 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3800, and for the 2nd resistance point, it is at 1.4400.
Ratios To Look Out For
It is important to note that Clearside Biomedical Inc [NASDAQ:CLSD] has a current ratio of 5.07. On the other hand, the Quick Ratio is 5.07, and the Cash Ratio is 3.1. Considering the valuation of this stock, the price to sales ratio is 13.12.
Transactions by insiders
Recent insider trading involved Chong Ngai Hang Victor, Chief Medical Officer, that happened on Jun 24 ’24 when 23500.0 shares were purchased. Director, YERXA BENJAMIN R completed a deal on May 15 ’24 to buy 7813.0 shares. Meanwhile, Director Gibney Anthony S bought 93290.0 shares on Apr 18 ’24.
