Reflections On The Past For Investors Today: Citius Pharmaceuticals Inc (NASDAQ: CTXR)

Citius Pharmaceuticals Inc (NASDAQ:CTXR) does about 1.49M shares in volume on a normal day but saw 1073037 shares change hands in Friday’s trading. The company now has a market cap of 110.12M USD. Its current market price is $0.61, marking a decrease of -3.51% compared to the previous close of $0.63. The 52 week high reached by this stock is $1.40 whilst the lowest price level in 52 weeks is $0.60.

Citius Pharmaceuticals Inc (CTXR) has a 20-day trading average at $0.6647 and the current price is -56.46% off the 52-week high compared with 1.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7453 and its 200-day simple moving average is $0.7519. If we look at the stock’s price movements over the week, volatility stands at 5.42%, which increases to 8.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 39.73 to suggest the stock is neutral.

The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 84.75% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 30, 2021 when Maxim Group initiated the stock to “Buy” and issued a price target of $4.

Citius Pharmaceuticals Inc (CTXR) stock is down -12.62% over the week and -8.11% over the past month. Its price is -19.43% year-to-date and -52.38% over the past year.

To reach the target analysts have set, the stock logically needs to grow 84.75 percent from here.

The company has a return on investment of -46.97% and return on equity of -42.44%. The forward price to earnings ratio is 60.95. The beta has a value of 1.72. Price to book ratio is 1.22.