While Celcuity Inc has underperformed by -1.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CELC rose by 68.47%, with highs and lows ranging from $18.95 to $8.39, whereas the simple moving average jumped by 45.22% in the last 200 days.
On February 22, 2024, Stifel started tracking Celcuity Inc (NASDAQ: CELC) recommending Buy. A report published by H.C. Wainwright on December 08, 2023, Initiated its previous ‘Buy’ rating for CELC. Canaccord Genuity also rated CELC shares as ‘Buy’, setting a target price of $50 on the company’s shares in an initiating report dated October 08, 2021. Jefferies Initiated an Buy rating on September 07, 2021, and assigned a price target of $48. Cowen initiated its ‘Outperform’ rating for CELC, as published in its report on July 29, 2021. Needham’s report from July 27, 2021 suggests a price prediction of $50 for CELC shares, giving the stock a ‘Buy’ rating. H.C. Wainwright also rated the stock as ‘Buy’.
Analysis of Celcuity Inc (CELC)
Celcuity Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -82.85% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 11.15, 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 be an extremely valuable indicator of volatility, and CELC is registering an average volume of 201.31K. On a monthly basis, the volatility of the stock is set at 4.89%, whereas on a weekly basis, it is put at 3.71%, with a loss of -0.95% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.50, showing growth from the present price of $17.79, 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?
Besides checking the fundamentals, you should also know how many employees own shares in 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 43.02%. 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 53.19% 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 53.19% at present.
