NASDAQ:CRBP - Corbus Pharmaceuticals Stock Price, News, & Analysis

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$7.08 -0.22 (-3.01 %)
(As of 05/20/2019 06:30 AM ET)
Previous Close$7.30
Today's Range$6.97 - $7.52
52-Week Range$4.50 - $9.11
Volume1.13 million shs
Average Volume968,813 shs
Market Capitalization$456.38 million
P/E RatioN/A
Dividend YieldN/A
Beta2.12
Corbus Pharmaceuticals Holdings, Inc., a clinical-stage pharmaceutical company, focuses on the development and commercialization of various therapeutics to treat rare, chronic, and serious inflammatory and fibrotic diseases. Its lead product candidate is lenabasum, a synthetic oral endocannabinoid drug that is in Phase 3 clinical trial for the treatment of systemic sclerosis and dermatomyositis, and in Phase 2 clinical trial to treat systemic lupus erythematosus and cystic fibrosis. The company also has a license to develop, manufacture, and market CRB-4001, a 2nd generation peripherally-restricted, CB1 inverse agonist, which is in a preclinical stage to treat liver, lung, heart, and kidney fibrotic diseases. In addition, it has a strategic collaboration with Kaken Pharmaceutical Co., Ltd. for the development and commercialization of lenabasum in Japan. The company was founded in 2009 and is based in Norwood, Massachusetts.

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Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CRBP
CUSIPN/A
Phone617-963-0100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.82 million
Book Value$0.66 per share

Profitability

Net Income$-55,670,000.00
Net Margins-1,219.36%

Miscellaneous

Employees77
Market Cap$456.38 million
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable

Corbus Pharmaceuticals (NASDAQ:CRBP) Frequently Asked Questions

What is Corbus Pharmaceuticals' stock symbol?

Corbus Pharmaceuticals trades on the NASDAQ under the ticker symbol "CRBP."

How were Corbus Pharmaceuticals' earnings last quarter?

Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) announced its quarterly earnings results on Thursday, May, 9th. The biopharmaceutical company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of $0.02 by $0.45. The biopharmaceutical company earned $1.89 million during the quarter, compared to the consensus estimate of $20.97 million. Corbus Pharmaceuticals had a negative return on equity of 166.99% and a negative net margin of 1,219.36%. View Corbus Pharmaceuticals' Earnings History.

When is Corbus Pharmaceuticals' next earnings date?

Corbus Pharmaceuticals is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Corbus Pharmaceuticals.

What price target have analysts set for CRBP?

7 equities research analysts have issued 12 month price targets for Corbus Pharmaceuticals' shares. Their forecasts range from $18.00 to $38.00. On average, they expect Corbus Pharmaceuticals' share price to reach $25.8571 in the next year. This suggests a possible upside of 265.2% from the stock's current price. View Analyst Price Targets for Corbus Pharmaceuticals.

What is the consensus analysts' recommendation for Corbus Pharmaceuticals?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corbus Pharmaceuticals in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Corbus Pharmaceuticals.

What are Wall Street analysts saying about Corbus Pharmaceuticals stock?

Here are some recent quotes from research analysts about Corbus Pharmaceuticals stock:
  • 1. According to Zacks Investment Research, "Corbus Pharmaceuticals Holdings, Inc. is a Phase 3 clinical-stage pharmaceutical company focused on the development and commercialization of novel therapeutics to treat rare, chronic, and serious inflammatory and fibrotic diseases. The Company's lead product candidate, lenabasum, is a novel, synthetic oral endocannabinoid-mimetic drug designed to resolve chronic inflammation and fibrotic processes. Lenabasum is currently being evaluated in systemic sclerosis, cystic fibrosis, dermatomyositis, and systemic lupus erythematosus. " (5/13/2019)
  • 2. HC Wainwright analysts commented, "Valuation and risks to our investment thesis. Our price target of $24/share is based on an equally weighted composite of: (a) $23.83/share, as a 35x multiple of taxed and diluted $5.60 discounted back to FY19 at 18% (in line with the expected P/E multiple and discount rate of an early development stage biotechnology company); and (b) an NPV of $24/share (discounted cash flow analysis using a 15.5% discount rate and 2% growth rate, in line with the expected discount and growth parameters of an early development-stage biotechnology company)." (5/10/2019)

Has Corbus Pharmaceuticals been receiving favorable news coverage?

News articles about CRBP stock have been trending somewhat negative on Monday, InfoTrie reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Corbus Pharmaceuticals earned a news impact score of -1.6 on InfoTrie's scale. They also assigned press coverage about the biopharmaceutical company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.

Who are some of Corbus Pharmaceuticals' key competitors?

What other stocks do shareholders of Corbus Pharmaceuticals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corbus Pharmaceuticals investors own include Visa (V), HP (HPQ), Fortive (FTV), Lowe's Companies (LOW), Viveve Medical (VIVE), Exelixis (EXEL), Western Digital (WDC), Canopy Growth (CGC), Cronos Group (CRON) and Zynerba Pharmaceuticals (ZYNE).

Who are Corbus Pharmaceuticals' key executives?

Corbus Pharmaceuticals' management team includes the folowing people:
  • Dr. Yuval Cohen, CEO & Director (Age 44)
  • Mr. Sean F. Moran CPA, M.B.A., CPA, MBA, Chief Financial Officer (Age 61)
  • Dr. Mark A. Tepper, Co-Founder & Consultant (Age 62)
  • Dr. Barbara White, Chief Medical Officer (Age 69)
  • Ted Jenkins, Sr. Director of Investor Relations & Communications

Who are Corbus Pharmaceuticals' major shareholders?

Corbus Pharmaceuticals' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.81%), FMR LLC (1.87%), Morgan Stanley (1.46%), Geode Capital Management LLC (0.98%), Northern Trust Corp (0.98%) and General American Investors Co. Inc. (0.86%). Company insiders that own Corbus Pharmaceuticals stock include Barbara White, Craig Stuart Millian, David P Hochman, John Kenneth Jenkins, Sean F Moran and Yuval Cohen. View Institutional Ownership Trends for Corbus Pharmaceuticals.

Which major investors are selling Corbus Pharmaceuticals stock?

CRBP stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Raymond James Financial Services Advisors Inc., Woodstock Corp, Raymond James & Associates and Metropolitan Life Insurance Co NY. View Insider Buying and Selling for Corbus Pharmaceuticals.

Which major investors are buying Corbus Pharmaceuticals stock?

CRBP stock was bought by a variety of institutional investors in the last quarter, including General American Investors Co. Inc., Essex Investment Management Co. LLC, Geode Capital Management LLC, Stephens Inc. AR, Northern Trust Corp, California Public Employees Retirement System, Morgan Stanley and Creative Planning. Company insiders that have bought Corbus Pharmaceuticals stock in the last two years include Barbara White, Craig Stuart Millian, David P Hochman, John Kenneth Jenkins, Sean F Moran and Yuval Cohen. View Insider Buying and Selling for Corbus Pharmaceuticals.

How do I buy shares of Corbus Pharmaceuticals?

Shares of CRBP 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, Scottrade, Fidelity and Charles Schwab.

What is Corbus Pharmaceuticals' stock price today?

One share of CRBP stock can currently be purchased for approximately $7.08.

How big of a company is Corbus Pharmaceuticals?

Corbus Pharmaceuticals has a market capitalization of $456.38 million and generates $4.82 million in revenue each year. The biopharmaceutical company earns $-55,670,000.00 in net income (profit) each year or ($0.98) on an earnings per share basis. Corbus Pharmaceuticals employs 77 workers across the globe.

What is Corbus Pharmaceuticals' official website?

The official website for Corbus Pharmaceuticals is http://www.corbuspharma.com.

How can I contact Corbus Pharmaceuticals?

Corbus Pharmaceuticals' mailing address is 500 River Ridge Drive, Norwood MA, 02062. The biopharmaceutical company can be reached via phone at 617-963-0100 or via email at [email protected]


MarketBeat Community Rating for Corbus Pharmaceuticals (NASDAQ CRBP)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  297 (Vote Outperform)
Underperform Votes:  176 (Vote Underperform)
Total Votes:  473
MarketBeat's community ratings are surveys of what our community members think about Corbus Pharmaceuticals and other stocks. Vote "Outperform" if you believe CRBP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRBP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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