Citius Pharmaceuticals Inc (NASDAQ:CTXR) does about 2.27M shares in volume on a normal day but saw 2630262 shares change hands in the recent trading day. The company now has a market cap of 178.00M USD. Its current market price is $0.99, marking an increase of 2.63% compared to the previous close of $0.96. The 52 week high reached by this stock is $1.16 whilst the lowest price level in 52 weeks is $0.48.
Citius Pharmaceuticals Inc (CTXR) has a 20-day trading average at $0.7620 and the current price is -15.07% off the 52-week high compared with 105.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6924 and its 200-day simple moving average is $0.7399. If we look at the stock’s price movements over the week, volatility stands at 9.78%, which increases to 11.13% 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 72.76 to suggest the stock is overbought.
The consensus objective for the share price is $4.67, suggesting that the stock has a potential upside of 78.8% over the period.
1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
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 up 15.61% over the week and 54.37% over the past month. Its price is 30.23% year-to-date and -9.61% over the past year.
To reach the target analysts have set, the stock logically needs to grow 78.8 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 14.78. The beta has a value of 1.63. Price to book ratio is 1.97.
