At the time of writing, Cellectar Biosciences Inc [CLRB] stock is trading at $0.31, down -6.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLRB shares have gain 10.82% over the last week, with a monthly amount glided 26.07%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
ROTH Capital started tracking the stock assigning a Buy rating. Ladenburg Thalmann initiated its recommendation with a Buy and recommended $2.70 as its price target on December 21, 2016.
For the past year, the stock price of Cellectar Biosciences Inc fluctuated between $0.22 and $4.45. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Cellectar Biosciences Inc [NASDAQ: CLRB] shares were valued at $0.31 at the most recent close of the market. An investor can expect a potential return of 3770.97% based on the average CLRB price forecast.
Analyzing the CLRB fundamentals
Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -156.13%, Pretax Profit Margin comes in at -135.23%, and Net Profit Margin reading is -135.05%. To continue investigating profitability, this company’s Return on Assets is posted at -1.2, Equity is -3.41 and Total Capital is -3.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 0.3000 points at the first support level, and at 0.2885 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.3339, and for the 2nd resistance point, it is at 0.3563.
Ratios To Look Out For
It is important to note that Cellectar Biosciences Inc [NASDAQ:CLRB] has a current ratio of 1.77. On the other hand, the Quick Ratio is 1.77, and the Cash Ratio is 1.69.
