Oppenheimer raised the price target for the Cellectar Biosciences Inc. (NASDAQ:CLRB) stock to “an Outperform”. The rating was released on July 01, 2020. The stock was initiated by Ladenburg Thalmann, who disclosed in a research note on December 21, 2016, to Buy and set the price objective to $2.70.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Cellectar Biosciences Inc. (NASDAQ:CLRB) raised 0.61% to close Friday’s market session at $0.87, higher as compared to yesterday’s close. The stock price fluctuated between $0.8401 and $0.8799 throughout the trading session with the volume trading being 948484 shares, which represented a significant variation when compared to the three months average volume of 884.27K shares. The firm’s stock price fluctuated -15.81% within the last five trades and -17.41% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -65.31% in the last 6 months and -32.78% was subtracted to its value over the previous 3 months. CLRB stock is trading at a margin of -17.18%, -27.14% and -45.77% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CLRB deals in the Healthcare domain. The stock is trading -70.90 percent below its 52-week high and 3.21 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -54.55. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Cellectar Biosciences Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $45.29 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 1.10, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of Cellectar Biosciences Inc. shares are owned by insiders, and 45.30 percent are held by financial institutions. CARUSO JAMES V, the President and CEO at Cellectar Biosciences Inc. (CLRB) has bought 5,100 shares of firm on Mar 04 at a price of $1.70 against the total amount of $8659.0. In another inside trade, Longcor Jarrod, Chief Business Officer of Cellectar Biosciences Inc. (NASDAQ:CLRB) bought 29,630 shares of the firm on Dec 28 for a total worth of $40000.0 at a price of $1.35. An inside trade which took place on Dec 28, President and CEO of Cellectar Biosciences Inc. CARUSO JAMES V bought 37,037 shares of firm against total price of $50000.0 at the cost of $1.35 per share.