CASI Pharmaceuticals - CASI Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CASI Pharmaceuticals in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CASI shares.
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2 Wall Street research analysts have issued 1-year target prices for CASI Pharmaceuticals' shares. Their CASI share price forecasts range from $10.00 to $10.00. On average, they predict the company's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 390.2% from the stock's current price.
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CASI Pharmaceuticals' stock was trading at $1.79 at the beginning of 2023. Since then, CASI stock has increased by 14.0% and is now trading at $2.04.
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CASI Pharmaceuticals saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 277,800 shares, a decrease of 5.9% from the December 31st total of 295,200 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 8.2 days. Approximately 2.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, March 27th 2023.
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CASI Pharmaceuticals, Inc. (NASDAQ:CASI) announced its earnings results on Monday, November, 14th. The biotechnology company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.51) by $0.13. The biotechnology company earned $10.21 million during the quarter, compared to analyst estimates of $10.40 million. CASI Pharmaceuticals had a negative trailing twelve-month return on equity of 37.59% and a negative net margin of 73.17%.

CASI Pharmaceuticals shares reverse split before market open on Wednesday, June 1st 2022. The 1-10 reverse split was announced on Wednesday, June 1st 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, June 1st 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other CASI Pharmaceuticals investors own include NVIDIA (NVDA), OPKO Health (OPK), Caladrius Biosciences (CLBS), Overstock.com (OSTK), Riot Blockchain (RIOT), Boeing (BA), Enphase Energy (ENPH), Catalyst Pharmaceuticals (CPRX), Pure Storage (PSTG) and QUALCOMM (QCOM).

CASI Pharmaceuticals trades on the NASDAQ under the ticker symbol "CASI."

Shares of CASI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CASI stock can currently be purchased for approximately $2.04.

CASI Pharmaceuticals (NASDAQ:CASI) has a market capitalization of $27.76 million and generates $30.17 million in revenue each year. The biotechnology company earns $-36,650,000.00 in net income (profit) each year or ($1.94) on an earnings per share basis.

The company employs 176 workers across the globe.

CASI Pharmaceuticals' mailing address is 9620 MEDICAL CENTER DR STE 300, ROCKVILLE MD, 20850. The official website for the company is www.casipharmaceuticals.com. The biotechnology company can be reached via phone at (240) 864-2600, via email at ir@casipharmaceuticals.com, or via fax at 301-315-2437.