Clearside Biomedical, Inc, a late-stage clinical biopharmaceutical company, develops pharmacological therapies to restore and preserve vision for people with serious eye diseases. It develops XIPERE, a triamcinolone acetonide suprachoroidal injectable suspension for the treatment of macular edema associated with uveitis, diabetic macular edema, and macular edema associated with retinal vein occlusion.
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Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Phone678-270-3631
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$30,000.00
Profitability
Miscellaneous
Employees50
Next Earnings Date3/10/2020 (Estimated)
OptionableOptionable
Clearside Biomedical (NASDAQ:CLSD) Frequently Asked Questions
What is Clearside Biomedical's stock symbol?
Clearside Biomedical trades on the NASDAQ under the ticker symbol "CLSD."
How were Clearside Biomedical's earnings last quarter?
Clearside Biomedical Inc (NASDAQ:CLSD) posted its quarterly earnings results on Wednesday, November, 6th. The company reported ($0.17) EPS for the quarter, missing the Zacks' consensus estimate of ($0.16) by $0.01. The business earned $0.14 million during the quarter, compared to analysts' expectations of $0.05 million. Clearside Biomedical had a negative return on equity of 281.18% and a negative net margin of 18,893.49%. View Clearside Biomedical's Earnings History.
When is Clearside Biomedical's next earnings date?
What price target have analysts set for CLSD?
5 Wall Street analysts have issued 1-year price targets for Clearside Biomedical's stock. Their forecasts range from $3.00 to $3.00. On average, they anticipate Clearside Biomedical's share price to reach $3.00 in the next year. This suggests a possible upside of 197.0% from the stock's current price. View Analyst Price Targets for Clearside Biomedical.
What is the consensus analysts' recommendation for Clearside Biomedical?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearside Biomedical in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Clearside Biomedical.
What are Wall Street analysts saying about Clearside Biomedical stock?
Here are some recent quotes from research analysts about Clearside Biomedical stock:
- 1. According to Zacks Investment Research, "Clearside Biomedical, Inc. is a biopharmaceutical company is engaged in developing first-in-class drug therapies to treat blinding diseases of the eye using Clearside proprietary suprachoroidal space(TM) microinjector. Its products include CLS-1001 for the treatment of macular edema associated with non-infectious uveitis; CLS-1003 for the treatment of macular edema associated with retinal vein occlusion; and CLS-1002 program for the treatment of wet age-related macular degeneration. Clearside Biomedical, Inc. is headquartered in Alpharetta, Georgia. " (11/11/2019)
- 2. Wedbush analysts commented, "Our $69 price target is based on probability-adjusted revenue forecasts for luspatercept, the company’s earlier stage pipeline and estimated year-end cash. We use the net present value of our revenue forecast through 2026, apply a 65% probability of success and a 2.5x price/sales multiple for luspatercept, and our year-end cash estimate of $7.49 to arrive at our price target. We use a 20% discount rate for the pipeline as it is above the marketed products discount rate due to development risks but within the typical range of 15-25% for products in development." (8/6/2019)
Has Clearside Biomedical been receiving favorable news coverage?
News headlines about CLSD stock have been trending extremely negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Clearside Biomedical earned a coverage optimism score of -4.6 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Clearside Biomedical.
Are investors shorting Clearside Biomedical?
Clearside Biomedical saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 663,000 shares, a decrease of 51.3% from the September 30th total of 1,360,000 shares. Based on an average trading volume of 1,070,000 shares, the short-interest ratio is currently 0.6 days. Currently, 2.2% of the shares of the stock are short sold. View Clearside Biomedical's Current Options Chain.
Who are some of Clearside Biomedical's key competitors?
Some companies that are related to Clearside Biomedical include Bicycle Therapeutics (BCYC), Mirum Pharmaceuticals (MIRM), IDEAYA Biosciences (IDYA), TAIWAN LIPOSOME/S (TLC), Concert Pharmaceuticals (CNCE), Hookipa Pharma (HOOK), Adamas Pharmaceuticals (ADMS), Aquestive Therapeutics (AQST), Axovant Sciences (AXON), Sol Gel Technologies (SLGL), Harrow Health (HROW), Zynerba Pharmaceuticals (ZYNE), Arcturus Therapeutics (ARCT), REDHILL BIOPHAR/S (RDHL) and AcelRx Pharmaceuticals (ACRX).
What other stocks do shareholders of Clearside Biomedical own?
Who are Clearside Biomedical's key executives?
Clearside Biomedical's management team includes the folowing people:
- Dr. George M. Lasezkay Pharma.D., J.D., Interim CEO & Director (Age 67)
- Mr. Charles A. Deignan, Chief Financial Officer (Age 55)
- Mr. Stephen C. Kilmer, Investor Relations Officer (Age 53)
- Mr. Leslie B. Zacks, Gen. Counsel, Chief Compliance Officer & Sec. (Age 50)
- Mr. Rick McElheny, VP of Corp. Devel.
When did Clearside Biomedical IPO?
(CLSD) raised $50 million in an IPO on Thursday, June 2nd 2016. The company issued 7,200,000 shares at $7.00 per share. Cowen and Company and Stifel served as the underwriters for the IPO and Needham & Company, Wedbush PacGrow was co-manager.
How do I buy shares of Clearside Biomedical?
Shares of CLSD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Clearside Biomedical's stock price today?
One share of CLSD stock can currently be purchased for approximately $1.01.
How big of a company is Clearside Biomedical?
Clearside Biomedical has a market capitalization of $41.56 million and generates $30,000.00 in revenue each year. The company earns $-82,820,000.00 in net income (profit) each year or ($2.69) on an earnings per share basis. Clearside Biomedical employs 50 workers across the globe.View Additional Information About Clearside Biomedical.
What is Clearside Biomedical's official website?
How can I contact Clearside Biomedical?
Clearside Biomedical's mailing address is 900 NORTH POINT PARKWAY SUITE 200, ALPHARETTA GA, 30005. The company can be reached via phone at 678-270-3631 or via email at [email protected]
MarketBeat Community Rating for Clearside Biomedical (NASDAQ CLSD)
MarketBeat's community ratings are surveys of what our community members think about Clearside Biomedical and other stocks. Vote "Outperform" if you believe CLSD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLSD will underperform the S&P 500 over the long term. You may vote once every thirty days.
