While Celcuity Inc has overperformed by 0.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CELC fell by -54.96%, with highs and lows ranging from $20.89 to $8.50, whereas the simple moving average fell by -33.46% in the last 200 days.
On July 22, 2024, Leerink Partners started tracking Celcuity Inc (NASDAQ: CELC) recommending Outperform. A report published by Stifel on February 22, 2024, Initiated its previous ‘Buy’ rating for CELC. H.C. Wainwright also rated CELC shares as ‘Buy’, setting a target price of $27 on the company’s shares in an initiating report dated December 08, 2023. Canaccord Genuity Initiated an Buy rating on October 08, 2021, and assigned a price target of $50. Jefferies initiated its ‘Buy’ rating for CELC, as published in its report on September 07, 2021. Needham also rated the stock as ‘Buy’.
Analysis of Celcuity Inc (CELC)
One of the most important indicators of Celcuity Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -87.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.71, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CELC is recording 264.99K average volume. On a monthly basis, the volatility of the stock is set at 8.17%, whereas on a weekly basis, it is put at 9.75%, with a loss of -10.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.43, showing growth from the present price of $9.36, which can serve as yet another indication of whether CELC is worth investing in or should be passed over.
How Do You Analyze Celcuity Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.65%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 74.47% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CELC shares are owned by institutional investors to the tune of 74.47% at present.
