Why CytomX Therapeutics Inc (NASDAQ:CTMX) Stock down -2.68% in Last Week?

BMO Capital Markets lowered the price target for the CytomX Therapeutics Inc (NASDAQ:CTMX) stock from “an Outperform” to “a Market perform”. The rating was released on November 14, 2022, according to finviz. We previously noted in another research note published on July 07, 2022 by Wedbush that downgraded the stock from an Outperform to a Neutral with a price target of $2 for CTMX stock. The research report from Piper Sandler has downgraded the stock from Overweight to Neutral, with a price target set at $1.50. The stock was downgraded by Mizuho, who disclosed in a research note on July 07, 2022, from Buy to Neutral and set the price objective to $4. In their research brief published July 07, 2022, Jefferies analysts downgraded the CytomX Therapeutics Inc stock from Buy to Hold with a price target of $2.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.01 during the last quarter as opposed to a consensus estimate of -$0.03, which indicates the company beat its estimate by $0.04, which implies that the company surprised the market by 133.30%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is -$0.05. This is an average of 5 analysts’ earnings, where the high earnings per share estimate is $0.02 and the low earnings per share estimate is -$0.22. According to 5 analyst estimates, an average revenue estimate of $22.42M is projected for the current quarter with a high revenue estimate of $27M and a low estimate of $15M.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -2.68% within the last five trades and -14.17% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 71.65% in the last 6 months and 40.65% was added to its value over the previous 3 months. CTMX stock is trading at a margin of -6.18%, 15.85% and 38.86% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, CTMX deals in the Healthcare domain. The stock is trading -23.64 percent below its 52-week high and 109.62 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 -4.4. 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 CytomX Therapeutics Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 1.47 percent and the profit margin is -0.56 percent, and the company has reported a gross margin of 95.12 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $147.63 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. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.46 that mirrors the cost to be found for sales by the market.

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, 1.77 percent of CytomX Therapeutics Inc shares are owned by insiders, and 48.31 percent are held by financial institutions. McCarthy Sean A., the CEO at CytomX Therapeutics Inc (CTMX) has sold 20,223 shares of firm on Mar 19 ’24 at a price of $2.09 against the total amount of $42175.0. In another inside trade, BELVIN MARCIA, SVP, Chief Scientific Officer of CytomX Therapeutics Inc (NASDAQ:CTMX) sold 12,795 shares of the firm on Mar 19 ’24 for a total worth of $26684.0 at a price of $2.09. An inside trade which took place on Mar 19 ’24, Chief Business Officer of CytomX Therapeutics Inc Landau Jeffrey B sold 6,562 shares of firm against total price of $13685.0 at the cost of $2.09 per share.

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