Ideas And Forecasts On Cellectar Biosciences Inc (NASDAQ: CLRB)

Cellectar Biosciences Inc (NASDAQ:CLRB) currently has a daily average trading volume of 971.17K but it saw 1107323 shares traded in last market. With a market cap of 120.46M USD, the company’s current market price of $3.36 came rising about 5.66 while comparing to the previous closing price of $3.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.45 and as low as $1.36.

Taking a look at 20-day trading activity of Cellectar Biosciences Inc (CLRB) gives us an average price of $3.17, while its current price level is -24.49% below from 52-week high level whereas it is 147.06% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.50 while that of 200 days or SMA-200 reads an average of $2.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.07% during that period while stretching the period over a month that decreases to 5.79%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.63 which implies that the stock is in neutral territory.

Over the week, CLRB’s stock price is moving 5.00% up while it is 1.51% when we observe its performance for the past one month. Year-to-date it is 21.30% up and over the past year, the stock is showing an upside performance of 143.48%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.9 beat the consensus estimate of -1.02 for the same.

Currently, Cellectar Biosciences Inc’s total number of outstanding shares is 35.85M. Company’s return on investment (ROI) stands at -191.38% and return on equity (ROE) at -304.38%. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 12.26. Its return on asset (ROA) is -176.58% on average.