CASI Pharmaceuticals - CASI Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CASI Pharmaceuticals in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CASI shares.
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2 brokers have issued twelve-month price objectives 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 year. This suggests a possible upside of 471.4% from the stock's current price.
View analysts price targets for CASI or view top-rated stocks among Wall Street analysts.

CASI Pharmaceuticals' stock was trading at $8.00 at the start of the year. Since then, CASI stock has decreased by 78.1% and is now trading at $1.75.
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CASI Pharmaceuticals saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 90,600 shares, a drop of 13.6% from the October 31st total of 104,900 shares. Based on an average daily volume of 55,200 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, March 27th 2023.
View our CASI earnings forecast.

CASI Pharmaceuticals, Inc. (NASDAQ:CASI) issued its quarterly earnings data on Friday, November, 12th. The biotechnology company reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of ($0.60) by $0.10. The biotechnology company earned $8.11 million during the quarter, compared to the consensus estimate of $7.77 million. CASI Pharmaceuticals had a negative trailing twelve-month return on equity of 37.59% and a negative net margin of 73.17%. During the same period last year, the firm posted ($1.40) earnings per share.

Shares of CASI Pharmaceuticals reverse split 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."

CASI Pharmaceuticals' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (1.89%), Prudential Financial Inc. (0.08%) and Renaissance Technologies LLC (0.08%). Insiders that own company stock include James Huang, Larry Zhang, Weihao Xu and Wei-Wu He.
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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 $1.75.

CASI Pharmaceuticals (NASDAQ:CASI) has a market capitalization of $23.82 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.