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 brokers have issued 12 month price targets for CASI Pharmaceuticals' shares. Their CASI share price forecasts range from $10.00 to $10.00. On average, they predict the company's stock price to reach $10.00 in the next year. This suggests a possible upside of 313.2% from the stock's current price.
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CASI Pharmaceuticals' stock was trading at $1.79 on January 1st, 2023. Since then, CASI shares have increased by 35.2% and is now trading at $2.42.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
View our CASI earnings forecast.

CASI Pharmaceuticals, Inc. (NASDAQ:CASI) announced 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 analyst estimates of $7.77 million. CASI Pharmaceuticals had a negative trailing twelve-month return on equity of 72.23% and a negative net margin of 90.65%. During the same quarter in the previous year, the business earned ($1.40) EPS.

CASI Pharmaceuticals's stock 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 market closes 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 Platforms (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 variety of retail and institutional investors. Top institutional shareholders include Wellington Shields Capital Management LLC (1.35%), Wellington Shields & Co. LLC (1.05%) and Susquehanna International Group LLP (0.29%). 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 $2.42.

CASI Pharmaceuticals (NASDAQ:CASI) has a market capitalization of $32.23 million and generates $43.11 million in revenue each year. The biotechnology company earns $-41,010,000.00 in net income (profit) each year or ($2.83) 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 861065086063, via email at ir@casipharmaceuticals.com, or via fax at 301-315-2437.