Shares of Celldex Therapeutics, Inc. (NASDAQ:CLDX) were up 7.5% during trading on Thursday . The stock traded as high as $0.31 and last traded at $0.31. Approximately 1,177,869 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 2,173,648 shares. The stock had previously closed at $0.29.
Several analysts have commented on CLDX shares. Cowen restated a “hold” rating on shares of Celldex Therapeutics in a report on Thursday, August 9th. HC Wainwright restated a “buy” rating and issued a $2.00 price target on shares of Celldex Therapeutics in a report on Monday, November 12th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Celldex Therapeutics in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $3.75.
Celldex Therapeutics (NASDAQ:CLDX) last posted its quarterly earnings results on Wednesday, November 7th. The biopharmaceutical company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07. The company had revenue of $0.94 million during the quarter, compared to analysts’ expectations of $2.08 million. Celldex Therapeutics had a negative return on equity of 51.88% and a negative net margin of 1,296.96%. Research analysts forecast that Celldex Therapeutics, Inc. will post -0.39 earnings per share for the current fiscal year.
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Celldex Therapeutics Company Profile (NASDAQ:CLDX)
Celldex Therapeutics, Inc, a biopharmaceutical company, focuses on the development and commercialization of various immunotherapy technologies and other cancer-targeting biologics. Its drug candidates include glembatumumab vedotin, an antibody-drug that is in Phase IIb study for the treatment of triple negative breast cancer and a Phase II study for the treatment of metastatic melanoma; Varlilumab, an immune modulating antibody that is in a Phase 1 study designed to enhance a patient's immune response against cancer; and CDX-3379, a human monoclonal antibody that is in Phase II study in combination with cetuximab for the treatment of head and neck squamous cell carcinoma.
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