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NASDAQ:CNTB

Connect Biopharma (CNTB) Stock Price, News & Analysis

$1.71
-0.05 (-2.84%)
(As of 05/28/2024 ET)
Today's Range
$1.50
$1.74
50-Day Range
$1.22
$2.20
52-Week Range
$0.53
$2.84
Volume
86,638 shs
Average Volume
130,788 shs
Market Capitalization
$94.22 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.50

Connect Biopharma MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
280.1% Upside
$6.50 Price Target
Short Interest
Healthy
0.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of Connect Biopharma in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From $0.54 to ($0.63) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.34 out of 5 stars

Medical Sector

352nd out of 931 stocks

Pharmaceutical Preparations Industry

161st out of 432 stocks

CNTB stock logo

About Connect Biopharma Stock (NASDAQ:CNTB)

Connect Biopharma Holdings Limited, a clinical-stage biopharmaceutical company, engages in the development of therapies for the treatment of T cell-driven inflammatory diseases. The company is building a pipeline of small molecules and antibodies using functional T cell assays to screen and discover potent product candidates against validated immune targets. Its lead product candidate is rademikibart (formerly CBP-201), an antibody designed to target interleukin-4 receptor alpha, which is a validated target for the treatment of inflammatory diseases such as atopic dermatitis and asthma, currently under Phase 3 studies; and icanbelimod (formerly CBP-307), an oral small molecule Sphingosine 1-Phosphate Receptor 1 modulator, currently under Phase 2 clinical for the treatment of ulcerative colitis and Crohn's disease. The company was founded in 2012 and is based in San Diego, California.

CNTB Stock Price History

CNTB Stock News Headlines

Connect Biopharma Holdings Limited (CNTB)
ADRs Advance; Connect Biopharma Climbs 19%
ADRs End Higher; Connect Biopharma Climbs 26%
CNTB Connect Biopharma Holdings Limited
Connect Biopharma Holdings Ltd ADR CNTB
See More Headlines
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Company Calendar

Today
5/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:CNTB
Employees
81
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.50
High Stock Price Target
$8.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+280.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$1.83 per share

Miscellaneous

Free Float
42,650,000
Market Cap
$94.22 million
Optionable
Optionable
Beta
-0.49
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Key Executives

  • Dr. Wubin Pan M.B.A. (Age 59)
    Ph.D., Co-Founder, President & Chairman of the Board of Directors
  • Dr. Zheng Wei Ph.D. (Age 60)
    Co-Founder, CEO & Director
  • Mr. Steven Chan (Age 52)
    Chief Financial Officer
  • Mr. Jiang Bian J.D.
    General Counsel & Chief Compliance Officer
  • Dr. Lei Sun Ph.D. (Age 60)
    VP of Biologics & Head of CMC
  • Dr. Raul Collazo Ph.D.
    VP & Global Head of Medical Affairs
  • Dr. Malinda V. Longphre Ph.D.
    VP & Head of US Clinical Operations

CNTB Stock Analysis - Frequently Asked Questions

Should I buy or sell Connect Biopharma stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Connect Biopharma 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" CNTB shares.
View CNTB analyst ratings
or view top-rated stocks.

What is Connect Biopharma's stock price target for 2024?

2 Wall Street analysts have issued 12-month price objectives for Connect Biopharma's stock. Their CNTB share price targets range from $5.00 to $8.00. On average, they predict the company's stock price to reach $6.50 in the next year. This suggests a possible upside of 280.1% from the stock's current price.
View analysts price targets for CNTB
or view top-rated stocks among Wall Street analysts.

How have CNTB shares performed in 2024?

Connect Biopharma's stock was trading at $1.18 at the start of the year. Since then, CNTB shares have increased by 44.9% and is now trading at $1.71.
View the best growth stocks for 2024 here
.

Are investors shorting Connect Biopharma?

Connect Biopharma saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 54,100 shares, an increase of 73.4% from the April 30th total of 31,200 shares. Based on an average daily trading volume, of 165,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.
View Connect Biopharma's Short Interest
.

When did Connect Biopharma IPO?

Connect Biopharma (CNTB) raised $150 million in an initial public offering on Friday, March 19th 2021. The company issued 9,400,000 shares at a price of $15.00-$17.00 per share. Jefferies, VB Leerink, Piper Sandler and CICC served as the underwriters for the IPO.

Who are Connect Biopharma's major shareholders?

Connect Biopharma's stock is owned by a variety of institutional and retail investors. Top institutional investors include Keudell Morrison Wealth Management (0.04%) and Concourse Financial Group Securities Inc. (0.00%).

How do I buy shares of Connect Biopharma?

Shares of CNTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CNTB) was last updated on 5/29/2024 by MarketBeat.com Staff

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